ArbiLayer

IBIT arbitrage

live

Live iShares Bitcoin Trust ETF (Dinari Tokenized ETF) price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.18%Bybit → Gate · Perp–Perp
Best perp–perp spread+0.34%Bybit → Gate
Markets tracked44 venues · 4 perp · 0 spot · 0 DEX
Price range1.42%$47.57 – $48.25

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybit$47.58Gate logoGate$47.74 +0.34%+0.18% +0.38%— +0.119%— LS Chart →
Bybit logoBybit$47.58Bitget logoBitget$47.62 +0.09%-0.07% +0.08%— -0.019%— LS Chart →
Bybit logoBybit$47.58HTX logoHTX$47.60 +0.04%-0.12% +0.08%— +0.119%— LS Chart →
Bitget logoBitget$47.72Gate logoGate$47.74 +0.04%-0.12% +0.09%— +0.137%— LS Chart →
Bitget logoBitget$47.72HTX logoHTX$47.60 -0.25%-0.41% -0.21%— +0.137%— LS Chart →
Bitget logoBitget$47.72Bybit logoBybit$47.55 -0.36%-0.52% -0.35%— +0.019%— LS Chart →
Gate logoGate$48.43Bitget logoBitget$47.62 -1.67%-1.83% -1.71%— -0.137%— LS Chart →
Gate logoGate$48.43HTX logoHTX$47.60 -1.71%-1.87% -1.71%— 0.000%— LS Chart →
Gate logoGate$48.43Bybit logoBybit$47.55 -1.82%-1.98% -1.86%— -0.119%— LS Chart →
HTX logoHTX$48.89Gate logoGate$47.74 -2.35%-2.51% -2.35%— 0.000%— LS Chart →
HTX logoHTX$48.89Bitget logoBitget$47.62 -2.59%-2.75% -2.64%— -0.137%— LS Chart →
HTX logoHTX$48.89Bybit logoBybit$47.55 -2.74%-2.90% -2.78%— -0.119%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

IBIT price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · IBITUSDTPerpetual $47.55$47.58$47.57-0.65% -0.119%$602.8K
Bitget logoBitgetPerpetual · IBITUSDTPerpetual $47.62$47.72$47.67-0.43% -0.137%$267.4K
HTX logoHTXPerpetual · IBIT-USDTPerpetual $47.60$48.89$48.25+0.77% 0.000%$66.1K
Gate logoGatePerpetual · IBIT_USDTPerpetual $47.74$48.43$48.09+0.43% 0.000%$2.6K
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

IBIT arbitrage explained

Right now iShares Bitcoin Trust ETF (Dinari Tokenized ETF) (IBIT) trades on 4 venues we scan: 4 perpetual markets, 0 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $47.58 and the highest bid on Gate perp at $47.74.

The widest IBIT perpetual spread is between Bybit and Gate: long IBIT on Bybit at $47.58 and short on Gate at $47.74 for +0.34% gross, or +0.18% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.119% per day, which the position collects while it is open.

Small IBIT gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: IBIT funding rates · IBIT spread charts · iShares Bitcoin Trust ETF (Dinari Tokenized ETF) price · arbitrage scanner for all coins.

Is there a IBIT arbitrage opportunity right now?

The best IBIT route right now is to buy on Bybit → sell on Gate (Perp–Perp): +0.34% gross and +0.18% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest IBIT?

Bybit (perp) has the lowest IBIT ask at $47.58, and Gate (perp) the highest bid at $47.74. Prices update every 15 seconds on this page.

How many exchanges list IBIT?

ArbiLayer tracks 4 IBIT markets on 4 venues: 4 perpetual, 0 spot and 0 DEX pools.

How do I arbitrage IBIT without transferring coins?

Use two perpetual contracts: go long IBIT on the cheaper exchange (Bybit now) and short it on the more expensive one (Gate), then close both legs when the spread converges. The coins never move between exchanges.

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