ArbiLayer

OPEN arbitrage

live

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

Best net spread-0.07%Gate → Bitget · Perp–Perp
Best perp–perp spread+0.09%Gate → Bitget
Markets tracked117 venues · 6 perp · 5 spot · 0 DEX
Price range0.19%$0.1111 – $0.1113

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGate$0.1111Bitget logoBitget$0.1112 +0.09%-0.07% +0.09%— 0.000%— LS Chart →
Bybit logoBybit$0.1111Bitget logoBitget$0.1112 +0.06%-0.10% +0.06%— 0.000%— LS Chart →
Binance logoBinance$0.1112Bitget logoBitget$0.1112 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Gate logoGate$0.1111Binance logoBinance$0.1111 0.00%-0.16% -0.01%— 0.000%— LS Chart →
Bybit logoBybit$0.1111Binance logoBinance$0.1111 -0.03%-0.19% -0.03%— 0.000%— LS Chart →
Gate logoGate$0.1111Bybit logoBybit$0.1111 -0.04%-0.20% -0.04%— 0.000%— LS Chart →
Gate logoGate$0.1111KuCoin logoKuCoin$0.1111 -0.04%-0.20% -0.04%— 0.000%— LS Chart →
Bybit logoBybit$0.1111KuCoin logoKuCoin$0.1111 -0.06%-0.22% -0.06%— 0.000%— LS Chart →
Gate logoGate$0.1111Aster logoAster$0.111 -0.09%-0.25% -0.10%— 0.000%— LS Chart →
Bybit logoBybit$0.1111Gate logoGate$0.111 -0.12%-0.28% -0.11%— 0.000%— LS Chart →
Bybit logoBybit$0.1111Aster logoAster$0.111 -0.12%-0.28% -0.12%— 0.000%— LS Chart →
Binance logoBinance$0.1112Bybit logoBybit$0.1111 -0.13%-0.29% -0.13%— 0.000%— LS Chart →
Binance logoBinance$0.1112KuCoin logoKuCoin$0.1111 -0.13%-0.29% -0.13%— 0.000%— LS Chart →
Aster logoAster$0.1114Bitget logoBitget$0.1112 -0.18%-0.34% -0.18%— 0.000%— LS Chart →
Bitget logoBitget$0.1113Binance logoBinance$0.1111 -0.18%-0.34% -0.18%— 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.

OPEN price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · OPENUSDTPerpetual $0.1111$0.1111$0.1111-0.05% +0.030%$990.9K
Bitget logoBitgetPerpetual · OPENUSDTPerpetual $0.1112$0.1113$0.1112+0.09% +0.030%$350.8K
Gate logoGatePerpetual · OPEN_USDTPerpetual $0.111$0.1111$0.1111-0.09% +0.030%$299.2K
KuCoin logoKuCoinSpot · OPEN-USDTSpot $0.1111$0.1111$0.1111-0.05% —$195.2K
Gate logoGateSpot · OPEN_USDTSpot $0.1111$0.1112$0.11120.00% —$179.3K
KuCoin logoKuCoinPerpetual · OPENUSDTMPerpetual $0.1111$0.1115$0.1113+0.10% +0.030%$89.0K
Bitget logoBitgetSpot · OPENUSDTSpot $0.1111$0.1112$0.1111-0.01% —$84.8K
Binance logoBinancePerpetual · OPENUSDTPerpetual $0.1111$0.1112$0.11120.00% +0.030%—
Aster logoAsterPerpetual · OPENUSDTPerpetual $0.111$0.1114$0.1112+0.04% +0.030%—
Binance logoBinanceSpot · OPENUSDTSpot $0.1111$0.1112$0.11120.00% ——
MEXC logoMEXCSpot · OPENUSDTSpot $0.1111$0.1112$0.1111-0.01% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

OPEN arbitrage explained

Right now OpenLedger (OPEN) trades on 7 venues we scan: 6 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.1111 and the highest bid on Bitget perp at $0.1112.

The widest OPEN perpetual spread is between Gate and Bitget: long OPEN on Gate at $0.1111 and short on Bitget at $0.1112 for +0.09% gross, or -0.07% 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 OPEN route is to buy spot on KuCoin and short the perpetual on Bitget: +0.08% gross, -0.12% net, with +0.030% a day of funding on the short leg.

Spot–spot OPEN arbitrage (buy on KuCoin, withdraw, deposit and sell on Gate) shows +0.02% 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 OPEN 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: OPEN funding rates · OPEN spread charts · OpenLedger price · arbitrage scanner for all coins.

Is there a OPEN arbitrage opportunity right now?

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

Which exchange has the cheapest OPEN?

Gate (perp) has the lowest OPEN ask at $0.1111, and Bitget (perp) the highest bid at $0.1112. Prices update every 15 seconds on this page.

How many exchanges list OPEN?

ArbiLayer tracks 11 OPEN markets on 7 venues: 6 perpetual, 5 spot and 0 DEX pools.

How do I arbitrage OPEN without transferring coins?

Use two perpetual contracts: go long OPEN 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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