ArbiLayer

LUNA arbitrage

live

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

Best net spread+0.39%Gate → MEXC · Spot–Spot
Best perp–perp spread+0.06%Gate → Bitget
Markets tracked117 venues · 4 perp · 7 spot · 0 DEX
Price range1.08%$0.0472 – $0.0477

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGatespot$0.0472MEXC logoMEXCspot$0.0475 +0.59%+0.39% +0.59%— 0.000%— LS Chart →
Binance logoBinancespot$0.0472MEXC logoMEXCspot$0.0475 +0.53%+0.33% +0.53%— 0.000%— LS Chart →
OKX logoOKXspot$0.0472MEXC logoMEXCspot$0.0475 +0.53%+0.33% +0.53%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.0472MEXC logoMEXCspot$0.0475 +0.53%+0.33% +0.53%— 0.000%— LS Chart →
Bybit logoBybitspot$0.0472MEXC logoMEXCspot$0.0475 +0.47%+0.27% +0.47%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.0472MEXC logoMEXCspot$0.0475 +0.47%+0.27% +0.47%— 0.000%— LS Chart →
Gate logoGatespot$0.0472Bybit logoBybitspot$0.0472 +0.04%-0.16% +0.04%— 0.000%— LS Chart →
Gate logoGatespot$0.0472Bitget logoBitgetspot$0.0472 +0.02%-0.18% +0.02%— 0.000%— LS Chart →
Binance logoBinancespot$0.0472Bybit logoBybitspot$0.0472 -0.02%-0.22% -0.02%— 0.000%— LS Chart →
OKX logoOKXspot$0.0472Bybit logoBybitspot$0.0472 -0.02%-0.22% -0.02%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.0472Bybit logoBybitspot$0.0472 -0.02%-0.22% -0.02%— 0.000%— LS Chart →
Binance logoBinancespot$0.0472Bitget logoBitgetspot$0.0472 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
OKX logoOKXspot$0.0472Bitget logoBitgetspot$0.0472 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.0472Bitget logoBitgetspot$0.0472 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Gate logoGatespot$0.0472OKX logoOKXspot$0.0472 -0.04%-0.24% -0.04%— 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.

LUNA price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Gate logoGatePerpetual · LUNA_USDTPerpetual $0.0472$0.0472$0.0472-0.03% -0.153%$1.59M
OKX logoOKXPerpetual · LUNA-USDT-SWAPPerpetual $0.0472$0.0472$0.04720.00% +0.030%$953.1K
KuCoin logoKuCoinPerpetual · LUNAUSDTMPerpetual $0.0471$0.0472$0.0472-0.04% +0.030%$456.5K
Bitget logoBitgetPerpetual · LUNAUSDTPerpetual $0.0472$0.0472$0.0472+0.07% +0.030%$207.8K
OKX logoOKXSpot · LUNA-USDTSpot $0.0472$0.0472$0.0472+0.01% —$127.9K
KuCoin logoKuCoinSpot · LUNA-USDTSpot $0.0471$0.0472$0.0472-0.04% —$85.0K
Gate logoGateSpot · LUNA_USDTSpot $0.0471$0.0472$0.0472-0.04% —$83.8K
Bybit logoBybitSpot · LUNAUSDTSpot $0.0472$0.0472$0.0472+0.08% —$52.2K
Bitget logoBitgetSpot · LUNAUSDTSpot $0.0472$0.0472$0.0472+0.07% —$16.5K
Binance logoBinanceSpot · LUNAUSDTSpot $0.0471$0.0472$0.0472-0.04% ——
MEXC logoMEXCSpot · LUNAUSDTSpot $0.0475$0.0479$0.0477+1.04% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

LUNA arbitrage explained

Right now Terra (LUNA) trades on 7 venues we scan: 4 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.0472 and the highest bid on MEXC spot at $0.0475.

The widest LUNA perpetual spread is between Gate and Bitget: long LUNA on Gate at $0.0472 and short on Bitget at $0.0472 for +0.06% gross, or -0.10% 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 +0.183% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best LUNA route is to buy spot on Gate and short the perpetual on Bitget: +0.04% gross, -0.16% net, with +0.030% a day of funding on the short leg.

Spot–spot LUNA arbitrage (buy on Gate, withdraw, deposit and sell on MEXC) shows +0.59% 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 LUNA 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: LUNA funding rates · LUNA spread charts · Terra price · arbitrage scanner for all coins.

Is there a LUNA arbitrage opportunity right now?

The best LUNA route right now is to buy on Gate spot → sell on MEXC spot (Spot–Spot): +0.59% gross and +0.39% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest LUNA?

Gate (perp) has the lowest LUNA ask at $0.0472, and MEXC (spot) the highest bid at $0.0475. Prices update every 15 seconds on this page.

How many exchanges list LUNA?

ArbiLayer tracks 11 LUNA markets on 7 venues: 4 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage LUNA without transferring coins?

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

Arbitrage for other coins

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