MP arbitrage

live

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

Best net spread-0.18%Bitget → Binance · Perp–Perp

Best perp–perp spread-0.02%Bitget → Binance

Markets tracked44 venues · 4 perp · 0 spot · 0 DEX

Price range0.24%$46.08 – $46.19

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart

No venue pairs for this coin in this mode right now.

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.

MP price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h

KuCoinPerpetual · MPUSDTMPerpetual $46.05$46.17$46.11+0.01% +0.126%$1.08M

BitgetPerpetual · MPUSDTPerpetual $46.07$46.09$46.08-0.06% +0.302%$594.8K

HTXPerpetual · MP-USDTPerpetual $45.97$46.41$46.19+0.18% 0.000%$19.8K

BinancePerpetual · MPUSDTPerpetual $46.08$46.13$46.11-0.01% +0.226%—

Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

MP arbitrage explained

Right now MerlinSwap (MP) trades on 4 venues we scan: 4 perpetual markets, 0 spot markets and 0 DEX pools. The lowest ask is on Bitget perp at $46.09 and the highest bid on Binance perp at $46.08.

The widest MP perpetual spread is between Bitget and Binance: long MP on Bitget at $46.09 and short on Binance at $46.08 for -0.02% gross, or -0.18% 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 -0.076% per day, which the position pays while it is open.

Small MP 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.

Is there a MP arbitrage opportunity right now?

The best MP route right now is to buy on Bitget → sell on Binance (Perp–Perp): -0.02% gross and -0.18% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest MP?

Bitget (perp) has the lowest MP ask at $46.09, and Binance (perp) the highest bid at $46.08. Prices update every 15 seconds on this page.

How many exchanges list MP?

ArbiLayer tracks 4 MP markets on 4 venues: 4 perpetual, 0 spot and 0 DEX pools.

How do I arbitrage MP without transferring coins?

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

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