ArbiLayer

ORDER arbitrage

live

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

Best net spread+0.00%Variational → Binance · Perp–Perp
Best perp–perp spread+0.16%Variational → Binance
Markets tracked138 venues · 8 perp · 5 spot · 0 DEX
Price range0.58%$0.0363 – $0.0365

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bitget logoBitgetspot$0.0365Binance logoBinance$0.0365 0.00%-0.20% +0.01%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0365MEXC logoMEXC$0.0365 0.00%-0.20% +0.01%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0365Binance logoBinance$0.0365 -0.03%-0.23% -0.02%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0365MEXC logoMEXC$0.0365 -0.03%-0.23% -0.02%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.0365Binance logoBinance$0.0365 -0.03%-0.23% -0.02%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.0365MEXC logoMEXC$0.0365 -0.03%-0.23% -0.02%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0365OKX logoOKX$0.0365 -0.05%-0.25% -0.05%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.0365Binance logoBinance$0.0365 -0.08%-0.28% -0.08%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.0365MEXC logoMEXC$0.0365 -0.08%-0.28% -0.08%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0365OKX logoOKX$0.0365 -0.08%-0.28% -0.08%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.0365OKX logoOKX$0.0365 -0.08%-0.28% -0.08%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0365Bybit logoBybit$0.0365 -0.11%-0.31% -0.10%— +0.030%— LS Chart →
Gate logoGatespot$0.0365Binance logoBinance$0.0365 -0.14%-0.34% -0.13%— +0.030%— LS Chart →
Gate logoGatespot$0.0365MEXC logoMEXC$0.0365 -0.14%-0.34% -0.13%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.0365OKX logoOKX$0.0365 -0.14%-0.34% -0.13%— +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.

ORDER price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · ORDERUSDTPerpetual $0.0365$0.0365$0.0365-0.01% +0.030%$208.5K
MEXC logoMEXCPerpetual · ORDER_USDTPerpetual $0.0365$0.0365$0.0365+0.10% +0.030%$110.4K
Bybit logoBybitSpot · ORDERUSDTSpot $0.0365$0.0365$0.0365+0.04% —$73.4K
OKX logoOKXPerpetual · ORDER-USDT-SWAPPerpetual $0.0365$0.0365$0.0365+0.07% +0.030%$68.7K
Bitget logoBitgetSpot · ORDERUSDTSpot $0.0364$0.0365$0.03650.00% —$27.9K
Bitget logoBitgetPerpetual · ORDERUSDTPerpetual $0.0364$0.0365$0.0364-0.11% +0.030%$25.2K
KuCoin logoKuCoinPerpetual · ORDERUSDTMPerpetual $0.0364$0.0365$0.0364-0.14% +0.030%$25.1K
Gate logoGatePerpetual · ORDER_USDTPerpetual $0.0364$0.0365$0.0364-0.05% +0.030%$13.5K
Gate logoGateSpot · ORDER_USDTSpot $0.0365$0.0365$0.0365+0.12% —$7.4K
KuCoin logoKuCoinSpot · ORDER-USDTSpot $0.0365$0.0365$0.0365+0.05% —$6.9K
Variational logoVariationalPerpetual · ORDERPerpetual $0.0363$0.0364$0.0364-0.25% +0.030%$1.8K
Binance logoBinancePerpetual · ORDERUSDTPerpetual $0.0365$0.0365$0.0365+0.10% +0.030%—
MEXC logoMEXCSpot · ORDERUSDTSpot $0.0361$0.0365$0.0363-0.45% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

ORDER arbitrage explained

Right now Orderly (ORDER) trades on 8 venues we scan: 8 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $0.0364 and the highest bid on MEXC perp at $0.0365.

The widest ORDER perpetual spread is between Variational and Binance: long ORDER on Variational at $0.0364 and short on Binance at $0.0365 for +0.16% gross, or +0.00% 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 ORDER route is to buy spot on Bitget and short the perpetual on Binance: 0.00% gross, -0.20% net, with +0.030% a day of funding on the short leg.

Spot–spot ORDER arbitrage (buy on Bitget, withdraw, deposit and sell on Gate) shows -0.03% 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 ORDER 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: ORDER funding rates · ORDER spread charts · Orderly price · arbitrage scanner for all coins.

Is there a ORDER arbitrage opportunity right now?

The best ORDER route right now is to buy on Variational → sell on Binance (Perp–Perp): +0.16% gross and +0.00% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest ORDER?

Variational (perp) has the lowest ORDER ask at $0.0364, and MEXC (perp) the highest bid at $0.0365. Prices update every 15 seconds on this page.

How many exchanges list ORDER?

ArbiLayer tracks 13 ORDER markets on 8 venues: 8 perpetual, 5 spot and 0 DEX pools.

How do I arbitrage ORDER without transferring coins?

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

Arbitrage for other coins

CRO +15.96%POWER +13.87%BLAST +10.89%ESPORTS +9.27%ONE +6.62%BDX +6.29%OPENAI +5.98%H100 +5.17%EGLD +3.88%ANTHROPIC +3.31%OURA +3.10%ZIL +2.64%SPCX +2.56%AI +2.49%SWARM +2.29%EACC +2.18%LUNC +2.13%APPSTOCK +1.89%