ArbiLayer

OPEN arbitrage

live

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

Best net spread-0.12%Bybit → Bitget · Perp–Perp
Best perp–perp spread+0.04%Bybit → Bitget
Markets tracked117 venues · 6 perp · 5 spot · 0 DEX
Price range0.24%$0.1128 – $0.1131

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybit$0.1129Bitget logoBitget$0.1129 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
Bybit logoBybit$0.1129Gate logoGate$0.1129 +0.04%-0.12% +0.05%— 0.000%— LS Chart →
Binance logoBinance$0.1129Bitget logoBitget$0.1129 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Binance logoBinance$0.1129Gate logoGate$0.1129 0.00%-0.16% +0.01%— 0.000%— LS Chart →
Bybit logoBybit$0.1129KuCoin logoKuCoin$0.1128 -0.02%-0.18% -0.02%— 0.000%— LS Chart →
Bybit logoBybit$0.1129Binance logoBinance$0.1128 -0.04%-0.20% -0.04%— 0.000%— LS Chart →
Bybit logoBybit$0.1129Aster logoAster$0.1128 -0.04%-0.20% -0.04%— 0.000%— LS Chart →
Binance logoBinance$0.1129KuCoin logoKuCoin$0.1128 -0.06%-0.22% -0.06%— 0.000%— LS Chart →
Gate logoGate$0.113Bitget logoBitget$0.1129 -0.09%-0.25% -0.09%— 0.000%— LS Chart →
Binance logoBinance$0.1129Aster logoAster$0.1128 -0.09%-0.25% -0.09%— 0.000%— LS Chart →
Binance logoBinance$0.1129Bybit logoBybit$0.1128 -0.12%-0.28% -0.12%— 0.000%— LS Chart →
Gate logoGate$0.113KuCoin logoKuCoin$0.1128 -0.15%-0.31% -0.16%— 0.000%— LS Chart →
Bitget logoBitget$0.1131Gate logoGate$0.1129 -0.18%-0.34% -0.17%— 0.000%— LS Chart →
Aster logoAster$0.1131Bitget logoBitget$0.1129 -0.18%-0.34% -0.18%— 0.000%— LS Chart →
Aster logoAster$0.1131Gate logoGate$0.1129 -0.18%-0.34% -0.17%— 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 $0.1128$0.1129$0.1128-0.13% +0.030%$962.0K
Bitget logoBitgetPerpetual · OPENUSDTPerpetual $0.1129$0.1131$0.113+0.04% +0.030%$336.2K
Gate logoGatePerpetual · OPEN_USDTPerpetual $0.1129$0.113$0.1130.00% +0.030%$302.9K
KuCoin logoKuCoinSpot · OPEN-USDTSpot $0.1129$0.1129$0.1129-0.05% —$196.3K
Gate logoGateSpot · OPEN_USDTSpot $0.113$0.113$0.113+0.03% —$180.3K
KuCoin logoKuCoinPerpetual · OPENUSDTMPerpetual $0.1128$0.1133$0.1131+0.11% +0.030%$89.3K
Bitget logoBitgetSpot · OPENUSDTSpot $0.1128$0.1129$0.1129-0.06% —$83.2K
Binance logoBinancePerpetual · OPENUSDTPerpetual $0.1128$0.1129$0.1129-0.09% +0.030%—
Aster logoAsterPerpetual · OPENUSDTPerpetual $0.1128$0.1131$0.1130.00% +0.030%—
Binance logoBinanceSpot · OPENUSDTSpot $0.1129$0.113$0.1130.00% ——
MEXC logoMEXCSpot · OPENUSDTSpot $0.1129$0.113$0.1130.00% ——
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 Bybit perp at $0.1129 and the highest bid on Gate spot at $0.113.

The widest OPEN perpetual spread is between Bybit and Bitget: long OPEN on Bybit at $0.1129 and short on Bitget at $0.1129 for +0.04% gross, or -0.12% 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: 0.00% gross, -0.20% 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 +0.05% 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 Bybit → sell on Bitget (Perp–Perp): +0.04% gross and -0.12% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest OPEN?

Bybit (perp) has the lowest OPEN ask at $0.1129, and Gate (spot) the highest bid at $0.113. 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 (Bybit 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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