ArbiLayer

PTB arbitrage

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

Best net spread+0.07%Gate → Gate · Spot–Perp
Best perp–perp spread+0.20%KuCoin → Gate
Markets tracked107 venues · 7 perp · 3 spot · 0 DEX
Price range0.37%$0.000864 – $0.000867

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
KuCoin logoKuCoin$0.000865Gate logoGate$0.000867 +0.20%+0.04% +0.23%— +0.224%+2.79% LS Chart →
Aster logoAster$0.000866Gate logoGate$0.000867 +0.13%-0.03% +0.16%— +0.224%+0.02% LS Chart →
KuCoin logoKuCoin$0.000865Bybit logoBybit$0.000866 +0.10%-0.06% +0.10%— 0.000%— LS Chart →
Binance logoBinance$0.000866Gate logoGate$0.000867 +0.09%-0.07% +0.13%— +0.224%+1.06% LS Chart →
MEXC logoMEXC$0.000866Gate logoGate$0.000867 +0.09%-0.07% +0.13%— +0.224%+1.90% LS Chart →
KuCoin logoKuCoin$0.000865Binance logoBinance$0.000866 +0.06%-0.10% +0.06%— 0.000%+1.74% LS Chart →
KuCoin logoKuCoin$0.000865MEXC logoMEXC$0.000866 +0.05%-0.11% +0.05%— 0.000%+0.90% LS Chart →
Aster logoAster$0.000866Bybit logoBybit$0.000866 +0.03%-0.13% +0.03%— 0.000%— LS Chart →
Binance logoBinance$0.000866Bybit logoBybit$0.000866 0.00%-0.16% 0.00%— 0.000%— LS Chart →
MEXC logoMEXC$0.000866Bybit logoBybit$0.000866 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Aster logoAster$0.000866Binance logoBinance$0.000866 -0.01%-0.17% -0.01%— 0.000%-1.04% LS Chart →
Aster logoAster$0.000866MEXC logoMEXC$0.000866 -0.02%-0.18% -0.02%— 0.000%-1.88% LS Chart →
KuCoin logoKuCoin$0.000865Variational logoVariational$0.000865 -0.02%-0.18% -0.02%— -0.000%— LS Chart →
KuCoin logoKuCoin$0.000865Aster logoAster$0.000865 -0.02%-0.18% -0.02%— 0.000%+2.78% LS Chart →
Bybit logoBybit$0.000867Gate logoGate$0.000867 -0.03%-0.19% +0.00%— +0.224%— 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.

PTB price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
KuCoin logoKuCoinPerpetual · PTBUSDTMPerpetual $0.000863$0.000865$0.000864-0.19% +0.030%$7.09M
Gate logoGatePerpetual · PTB_USDTPerpetual $0.000867$0.000867$0.000867+0.15% +0.254%$2.30M
Bybit logoBybitPerpetual · PTBUSDTPerpetual $0.000866$0.000867$0.000867+0.09% +0.030%$440.2K
Gate logoGateSpot · PTB_USDTSpot $0.000863$0.000865$0.000864-0.22% —$160.7K
MEXC logoMEXCPerpetual · PTB_USDTPerpetual $0.000866$0.000866$0.000866-0.00% +0.030%$145.8K
KuCoin logoKuCoinSpot · PTB-USDTSpot $0.000865$0.000867$0.000866+0.01% —$74.1K
Variational logoVariationalPerpetual · PTBPerpetual $0.000865$0.000869$0.000867+0.14% +0.030%$5.1K
Binance logoBinancePerpetual · PTBUSDTPerpetual $0.000866$0.000866$0.000866+0.00% +0.030%—
Aster logoAsterPerpetual · PTBUSDTPerpetual $0.000865$0.000866$0.000865-0.05% +0.030%—
MEXC logoMEXCSpot · PTBUSDTSpot $0.000863$0.000866$0.000864-0.17% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

PTB arbitrage explained

Right now Portal to Bitcoin (PTB) trades on 7 venues we scan: 7 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.000865 and the highest bid on Gate perp at $0.000867.

The widest PTB perpetual spread is between KuCoin and Gate: long PTB on KuCoin at $0.000865 and short on Gate at $0.000867 for +0.20% gross, or +0.04% 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 +0.224% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best PTB route is to buy spot on Gate and short the perpetual on Gate: +0.27% gross, +0.07% net, with +0.254% a day of funding on the short leg.

Spot–spot PTB arbitrage (buy on Gate, withdraw, deposit and sell on KuCoin) 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 PTB 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: PTB funding rates · PTB spread charts · Portal to Bitcoin price · arbitrage scanner for all coins.

Is there a PTB arbitrage opportunity right now?

The best PTB route right now is to buy on Gate spot → sell on Gate (Spot–Perp): +0.27% gross and +0.07% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest PTB?

Gate (spot) has the lowest PTB ask at $0.000865, and Gate (perp) the highest bid at $0.000867. Prices update every 15 seconds on this page.

How many exchanges list PTB?

ArbiLayer tracks 10 PTB markets on 7 venues: 7 perpetual, 3 spot and 0 DEX pools.

How do I arbitrage PTB without transferring coins?

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

Arbitrage for other coins

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