ArbiLayer

INIT arbitrage

live

Live Initia price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.02%Bybit → Binance · Perp–Perp
Best perp–perp spread+0.18%Bybit → Binance
Markets tracked1610 venues · 10 perp · 6 spot · 0 DEX
Price range0.29%$0.1103 – $0.1107

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybit$0.1104Binance logoBinance$0.1106 +0.18%+0.02% +0.18%— 0.000%— LS Chart →
Bybit logoBybit$0.1104MEXC logoMEXC$0.1106 +0.18%+0.02% +0.18%— 0.000%— LS Chart →
Bybit logoBybit$0.1104OKX logoOKX$0.1106 +0.17%+0.01% +0.17%— 0.000%— LS Chart →
Bybit logoBybit$0.1104KuCoin logoKuCoin$0.1105 +0.07%-0.09% +0.07%— 0.000%— LS Chart →
Bybit logoBybit$0.1104Hyperliquid logoHyperliquid$0.1105 +0.06%-0.10% +0.05%— 0.000%— LS Chart →
Bybit logoBybit$0.1104Aster logoAster$0.1105 +0.05%-0.11% +0.05%— 0.000%— LS Chart →
Bybit logoBybit$0.1104Bitget logoBitget$0.1104 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
Bitget logoBitget$0.1106Binance logoBinance$0.1106 +0.02%-0.14% +0.02%— 0.000%— LS Chart →
Bitget logoBitget$0.1106MEXC logoMEXC$0.1106 +0.02%-0.14% +0.02%— 0.000%— LS Chart →
Bitget logoBitget$0.1106OKX logoOKX$0.1106 +0.01%-0.15% +0.01%— 0.000%— LS Chart →
Gate logoGate$0.1106Binance logoBinance$0.1106 +0.01%-0.15% +0.00%— 0.000%— LS Chart →
Gate logoGate$0.1106MEXC logoMEXC$0.1106 +0.01%-0.15% +0.00%— 0.000%— LS Chart →
Gate logoGate$0.1106OKX logoOKX$0.1106 0.00%-0.16% -0.01%— 0.000%— LS Chart →
Binance logoBinance$0.1106MEXC logoMEXC$0.1106 -0.01%-0.17% -0.01%— 0.000%— LS Chart →
MEXC logoMEXC$0.1106Binance logoBinance$0.1106 -0.01%-0.17% -0.01%— 0.000%— 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.

INIT price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · INITUSDTPerpetual $0.1103$0.1104$0.1103-0.21% +0.030%$1.32M
OKX logoOKXPerpetual · INIT-USDT-SWAPPerpetual $0.1106$0.1107$0.1106+0.03% +0.030%$493.7K
Bybit logoBybitSpot · INITUSDTSpot $0.1105$0.1106$0.1106-0.01% —$296.8K
Hyperliquid logoHyperliquidPerpetual · INITPerpetual $0.1105$0.1109$0.1107+0.08% +0.030%$257.2K
MEXC logoMEXCPerpetual · INIT_USDTPerpetual $0.1106$0.1106$0.1106+0.02% +0.030%$165.6K
Bitget logoBitgetPerpetual · INITUSDTPerpetual $0.1104$0.1106$0.1105-0.07% +0.030%$159.6K
Gate logoGateSpot · INIT_USDTSpot $0.1104$0.1108$0.1106+0.02% —$51.6K
KuCoin logoKuCoinPerpetual · INITUSDTMPerpetual $0.1105$0.1107$0.1106+0.01% +0.030%$49.8K
Bitget logoBitgetSpot · INITUSDTSpot $0.1105$0.1106$0.1106-0.00% —$26.3K
KuCoin logoKuCoinSpot · INIT-USDTSpot $0.1105$0.1106$0.1106+0.02% —$25.9K
Gate logoGatePerpetual · INIT_USDTPerpetual $0.1104$0.1106$0.1105-0.10% +0.030%$23.0K
Variational logoVariationalPerpetual · INITPerpetual $0.1102$0.1106$0.1104-0.16% +0.030%$14.1K
Binance logoBinancePerpetual · INITUSDTPerpetual $0.1106$0.1106$0.1106+0.02% +0.030%—
Aster logoAsterPerpetual · INITUSDTPerpetual $0.1105$0.1107$0.1106+0.00% +0.030%—
Binance logoBinanceSpot · INITUSDTSpot $0.1105$0.1106$0.1105-0.03% ——
MEXC logoMEXCSpot · INITUSDTSpot $0.1101$0.1108$0.1104-0.14% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

INIT arbitrage explained

Right now Initia (INIT) trades on 10 venues we scan: 10 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.1104 and the highest bid on MEXC perp at $0.1106.

The widest INIT perpetual spread is between Bybit and Binance: long INIT on Bybit at $0.1104 and short on Binance at $0.1106 for +0.18% gross, or +0.02% 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 0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best INIT route is to buy spot on Binance and short the perpetual on Binance: +0.01% gross, -0.19% net, with +0.030% a day of funding on the short leg.

Spot–spot INIT arbitrage (buy on Binance, withdraw, deposit and sell on KuCoin) shows -0.03% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small INIT 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: INIT funding rates · INIT spread charts · Initia price · arbitrage scanner for all coins.

Is there a INIT arbitrage opportunity right now?

The best INIT route right now is to buy on Bybit → sell on Binance (Perp–Perp): +0.18% gross and +0.02% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest INIT?

Bybit (perp) has the lowest INIT ask at $0.1104, and MEXC (perp) the highest bid at $0.1106. Prices update every 15 seconds on this page.

How many exchanges list INIT?

ArbiLayer tracks 16 INIT markets on 10 venues: 10 perpetual, 6 spot and 0 DEX pools.

How do I arbitrage INIT without transferring coins?

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

Arbitrage for other coins

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