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%Binance → Bybit · Perp–Perp
Best perp–perp spread+0.07%Binance → Bybit
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.41%$0.0726 – $0.0729

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGatespot$0.0726Binance logoBinancespot$0.0727 +0.07%-0.13% +0.07%— 0.000%— LS Chart →
Gate logoGatespot$0.0726OKX logoOKXspot$0.0727 +0.07%-0.13% +0.07%— 0.000%— LS Chart →
Gate logoGatespot$0.0726MEXC logoMEXCspot$0.0727 +0.07%-0.13% +0.07%— 0.000%— LS Chart →
Gate logoGatespot$0.0726Bitget logoBitgetspot$0.0727 +0.06%-0.14% +0.06%— 0.000%— LS Chart →
Gate logoGatespot$0.0726Bybit logoBybitspot$0.0727 +0.04%-0.16% +0.04%— 0.000%— LS Chart →
Bybit logoBybitspot$0.0727Binance logoBinancespot$0.0727 -0.01%-0.21% -0.01%— 0.000%— LS Chart →
Bybit logoBybitspot$0.0727OKX logoOKXspot$0.0727 -0.01%-0.21% -0.01%— 0.000%— LS Chart →
Bybit logoBybitspot$0.0727MEXC logoMEXCspot$0.0727 -0.01%-0.21% -0.01%— 0.000%— LS Chart →
Bybit logoBybitspot$0.0727Bitget logoBitgetspot$0.0727 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
Binance logoBinancespot$0.0727OKX logoOKXspot$0.0727 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Binance logoBinancespot$0.0727MEXC logoMEXCspot$0.0727 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0727Binance logoBinancespot$0.0727 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0727OKX logoOKXspot$0.0727 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
OKX logoOKXspot$0.0727Binance logoBinancespot$0.0727 -0.05%-0.25% -0.05%— 0.000%— LS Chart →
OKX logoOKXspot$0.0727MEXC logoMEXCspot$0.0727 -0.05%-0.25% -0.05%— 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.

ME price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Gate logoGatePerpetual · ME_USDTPerpetual $0.0726$0.0727$0.0726-0.01% +0.030%$3.93M
OKX logoOKXPerpetual · ME-USDT-SWAPPerpetual $0.0726$0.0726$0.0726-0.05% +0.030%$441.5K
Bybit logoBybitSpot · MEUSDTSpot $0.0727$0.0727$0.0727+0.04% —$239.2K
Bybit logoBybitPerpetual · MEUSDTPerpetual $0.0727$0.0727$0.07270.00% +0.030%$207.3K
Bitget logoBitgetPerpetual · MEUSDTPerpetual $0.0726$0.0727$0.0726-0.03% +0.030%$194.3K
MEXC logoMEXCPerpetual · ME_USDTPerpetual $0.0726$0.0726$0.0726-0.08% +0.030%$165.9K
OKX logoOKXSpot · ME-USDTSpot $0.0727$0.0727$0.0727+0.08% —$118.7K
Hyperliquid logoHyperliquidPerpetual · MEPerpetual $0.0725$0.0728$0.0726-0.01% +0.030%$98.6K
Gate logoGateSpot · ME_USDTSpot $0.0726$0.0726$0.0726-0.08% —$45.9K
KuCoin logoKuCoinPerpetual · MEUSDTMPerpetual $0.0726$0.0728$0.0727+0.03% +0.030%$20.1K
Bitget logoBitgetSpot · MEUSDTSpot $0.0727$0.0727$0.0727+0.08% —$15.6K
Variational logoVariationalPerpetual · MEPerpetual $0.0726$0.0727$0.07270.00% +0.030%$3.7K
KuCoin logoKuCoinSpot · ME-USDTSpot $0.0726$0.0732$0.0729+0.32% —$2.6K
Binance logoBinancePerpetual · MEUSDTPerpetual $0.0726$0.0726$0.0726-0.08% +0.030%—
Aster logoAsterPerpetual · MEUSDTPerpetual $0.0726$0.0726$0.0726-0.09% +0.007%—
Binance logoBinanceSpot · MEUSDTSpot $0.0727$0.0727$0.0727+0.07% ——
MEXC logoMEXCSpot · MEUSDTSpot $0.0727$0.0727$0.0727+0.07% ——
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 MEXC perp at $0.0726 and the highest bid on OKX spot at $0.0727.

The widest ME perpetual spread is between Binance and Bybit: long ME on Binance at $0.0726 and short on Bybit at $0.0727 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 0.000% 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 Gate and short the perpetual on Bybit: +0.01% gross, -0.19% net, with +0.030% a day of funding on the short leg.

Spot–spot ME arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows +0.07% 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 Binance → 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?

MEXC (perp) has the lowest ME ask at $0.0726, and OKX (spot) the highest bid at $0.0727. 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 (Binance 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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