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-0.06%KuCoin → Bitget · Perp–Perp
Best perp–perp spread+0.10%KuCoin → Bitget
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.43%$0.0702 – $0.0705

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybitspot$0.0704Bitget logoBitget$0.0703 -0.10%-0.30% -0.09%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0704Gate logoGate$0.0703 -0.10%-0.30% -0.09%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0704Bitget logoBitget$0.0703 -0.10%-0.30% -0.09%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0704Gate logoGate$0.0703 -0.10%-0.30% -0.09%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0704Bybit logoBybit$0.0703 -0.11%-0.31% -0.11%— -0.007%— LS Chart →
Bitget logoBitgetspot$0.0704Bybit logoBybit$0.0703 -0.11%-0.31% -0.11%— -0.007%— LS Chart →
Binance logoBinancespot$0.0704Bitget logoBitget$0.0703 -0.14%-0.34% -0.14%— +0.030%— LS Chart →
Binance logoBinancespot$0.0704Gate logoGate$0.0703 -0.14%-0.34% -0.13%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.0704Bitget logoBitget$0.0703 -0.14%-0.34% -0.14%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.0704Gate logoGate$0.0703 -0.14%-0.34% -0.13%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0704Binance logoBinance$0.0703 -0.14%-0.34% -0.14%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0704MEXC logoMEXC$0.0703 -0.14%-0.34% -0.14%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0704OKX logoOKX$0.0703 -0.14%-0.34% -0.14%— -0.012%— LS Chart →
Bitget logoBitgetspot$0.0704Binance logoBinance$0.0703 -0.14%-0.34% -0.14%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0704MEXC logoMEXC$0.0703 -0.14%-0.34% -0.14%— +0.030%— 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 $0.0703$0.0704$0.0704+0.04% +0.030%$5.62M
OKX logoOKXPerpetual · ME-USDT-SWAPPerpetual $0.0703$0.0703$0.0703-0.06% -0.012%$520.6K
Bybit logoBybitPerpetual · MEUSDTPerpetual $0.0703$0.0703$0.0703-0.03% -0.007%$370.7K
Bitget logoBitgetPerpetual · MEUSDTPerpetual $0.0703$0.0704$0.07030.00% +0.030%$338.4K
Bybit logoBybitSpot · MEUSDTSpot $0.0703$0.0704$0.0704+0.04% —$252.5K
MEXC logoMEXCPerpetual · ME_USDTPerpetual $0.0703$0.0703$0.0703-0.06% +0.030%$129.0K
Hyperliquid logoHyperliquidPerpetual · MEPerpetual $0.0699$0.0706$0.0703-0.08% +0.030%$117.8K
OKX logoOKXSpot · ME-USDTSpot $0.0704$0.0704$0.0704+0.12% —$113.3K
KuCoin logoKuCoinPerpetual · MEUSDTMPerpetual $0.0701$0.0702$0.0702-0.23% +0.030%$26.8K
Bitget logoBitgetSpot · MEUSDTSpot $0.0703$0.0704$0.0703+0.02% —$16.5K
Variational logoVariationalPerpetual · MEPerpetual $0.0702$0.0704$0.0703-0.04% +0.030%$7.5K
Gate logoGateSpot · ME_USDTSpot $0.0705$0.0705$0.0705+0.20% —$5.1K
KuCoin logoKuCoinSpot · ME-USDTSpot $0.0702$0.0706$0.0704+0.09% —$3.5K
Binance logoBinancePerpetual · MEUSDTPerpetual $0.0703$0.0703$0.0703-0.06% +0.030%—
Aster logoAsterPerpetual · MEUSDTPerpetual $0.0703$0.0703$0.0703-0.04% +0.014%—
Binance logoBinanceSpot · MEUSDTSpot $0.0703$0.0704$0.0704+0.06% ——
MEXC logoMEXCSpot · MEUSDTSpot $0.0703$0.0704$0.0704+0.06% ——
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 KuCoin perp at $0.0702 and the highest bid on Gate spot at $0.0705.

The widest ME perpetual spread is between KuCoin and Bitget: long ME on KuCoin at $0.0702 and short on Bitget at $0.0703 for +0.10% gross, or -0.06% 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 ME route is to buy spot on Bybit and short the perpetual on Bitget: -0.10% gross, -0.30% net, with +0.030% a day of funding on the short leg.

Spot–spot ME arbitrage (buy on Bybit, withdraw, deposit and sell on Gate) shows +0.13% 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 KuCoin → sell on Bitget (Perp–Perp): +0.10% gross and -0.06% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest ME?

KuCoin (perp) has the lowest ME ask at $0.0702, and Gate (spot) the highest bid at $0.0705. 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 (KuCoin 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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