ArbiLayer

ME arbitrage

live

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

Best net spread-0.09%OKX → Bybit · Perp–Perp
Best perp–perp spread+0.07%OKX → Bybit
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.29%$0.0696 – $0.0698

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
OKX logoOKX$0.0696Bybit logoBybit$0.0697 +0.07%-0.09% +0.06%— -0.092%— LS Chart →
KuCoin logoKuCoin$0.0696Bybit logoBybit$0.0697 +0.07%-0.09% +0.06%— -0.093%— LS Chart →
Binance logoBinance$0.0697Bybit logoBybit$0.0697 +0.04%-0.12% +0.03%— -0.093%— LS Chart →
MEXC logoMEXC$0.0697Bybit logoBybit$0.0697 +0.04%-0.12% +0.03%— -0.093%— LS Chart →
Bitget logoBitget$0.0697Bybit logoBybit$0.0697 +0.01%-0.15% -0.00%— -0.093%— LS Chart →
OKX logoOKX$0.0696Binance logoBinance$0.0696 0.00%-0.16% +0.00%— +0.001%— LS Chart →
OKX logoOKX$0.0696MEXC logoMEXC$0.0696 0.00%-0.16% +0.00%— +0.001%— LS Chart →
KuCoin logoKuCoin$0.0696Binance logoBinance$0.0696 0.00%-0.16% 0.00%— 0.000%— LS Chart →
KuCoin logoKuCoin$0.0696MEXC logoMEXC$0.0696 0.00%-0.16% 0.00%— 0.000%— LS Chart →
OKX logoOKX$0.0696Bitget logoBitget$0.0696 -0.01%-0.17% -0.01%— +0.001%— LS Chart →
OKX logoOKX$0.0696Aster logoAster$0.0696 -0.01%-0.17% -0.02%— -0.022%— LS Chart →
KuCoin logoKuCoin$0.0696Bitget logoBitget$0.0696 -0.01%-0.17% -0.01%— 0.000%— LS Chart →
KuCoin logoKuCoin$0.0696Aster logoAster$0.0696 -0.01%-0.17% -0.02%— -0.023%— LS Chart →
Gate logoGate$0.0697Bybit logoBybit$0.0697 -0.03%-0.19% -0.05%— -0.093%— LS Chart →
Aster logoAster$0.0697Bybit logoBybit$0.0697 -0.03%-0.19% -0.04%— -0.070%— 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.

ME price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Gate logoGatePerpetual · ME_USDTPerpetual $0.0696$0.0697$0.0696-0.01% +0.030%$5.75M
OKX logoOKXPerpetual · ME-USDT-SWAPPerpetual $0.0696$0.0696$0.0696-0.06% +0.029%$500.6K
Bybit logoBybitPerpetual · MEUSDTPerpetual $0.0697$0.0697$0.0697+0.06% -0.063%$369.4K
Bitget logoBitgetPerpetual · MEUSDTPerpetual $0.0696$0.0697$0.0696-0.02% +0.030%$334.3K
Bybit logoBybitSpot · MEUSDTSpot $0.0697$0.0697$0.0697+0.09% —$249.5K
MEXC logoMEXCPerpetual · ME_USDTPerpetual $0.0696$0.0697$0.0696-0.03% +0.030%$132.0K
Hyperliquid logoHyperliquidPerpetual · MEPerpetual $0.0696$0.0698$0.0697-0.01% +0.030%$117.9K
OKX logoOKXSpot · ME-USDTSpot $0.0697$0.0698$0.0697+0.11% —$107.6K
KuCoin logoKuCoinPerpetual · MEUSDTMPerpetual $0.0696$0.0696$0.0696-0.09% +0.030%$26.7K
Bitget logoBitgetSpot · MEUSDTSpot $0.0697$0.0698$0.0697+0.06% —$19.6K
Variational logoVariationalPerpetual · MEPerpetual $0.0696$0.0697$0.0697-0.01% +0.030%$6.1K
Gate logoGateSpot · ME_USDTSpot $0.0698$0.0698$0.0698+0.19% —$4.9K
KuCoin logoKuCoinSpot · ME-USDTSpot $0.0697$0.0699$0.0698+0.19% —$3.5K
Binance logoBinancePerpetual · MEUSDTPerpetual $0.0696$0.0697$0.0696-0.03% +0.030%—
Aster logoAsterPerpetual · MEUSDTPerpetual $0.0696$0.0697$0.06970.00% +0.007%—
Binance logoBinanceSpot · MEUSDTSpot $0.0697$0.0697$0.0697+0.08% ——
MEXC logoMEXCSpot · MEUSDTSpot $0.0697$0.0697$0.0697+0.08% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

ME arbitrage explained

Right now Magic Eden (ME) trades on 10 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $0.0696 and the highest bid on Gate spot at $0.0698.

The widest ME perpetual spread is between OKX and Bybit: long ME on OKX at $0.0696 and short on Bybit at $0.0697 for +0.07% gross, or -0.09% 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 -0.092% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best ME route is to buy spot on Binance and short the perpetual on Bybit: -0.07% gross, -0.27% net, with -0.063% a day of funding on the short leg.

Spot–spot ME arbitrage (buy on Binance, withdraw, deposit and sell on Gate) shows +0.04% 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 ME 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: ME funding rates · ME spread charts · Magic Eden price · arbitrage scanner for all coins.

Is there a ME arbitrage opportunity right now?

The best ME route right now is to buy on OKX → sell on Bybit (Perp–Perp): +0.07% gross and -0.09% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest ME?

OKX (perp) has the lowest ME ask at $0.0696, and Gate (spot) the highest bid at $0.0698. Prices update every 15 seconds on this page.

How many exchanges list ME?

ArbiLayer tracks 17 ME markets on 10 venues: 10 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage ME without transferring coins?

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

Arbitrage for other coins

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