ArbiLayer

S arbitrage

live

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

Best net spread-0.04%Gate → MEXC · Perp–Perp
Best perp–perp spread+0.12%Gate → MEXC
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.38%$0.0416 – $0.0417

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGate$0.0416MEXC logoMEXC$0.0416 +0.12%-0.04% +0.12%— +0.020%— LS Chart →
Variational logoVariational$0.0416MEXC logoMEXC$0.0416 +0.12%-0.04% +0.18%— +0.334%— LS Chart →
Gate logoGate$0.0416Binance logoBinance$0.0416 +0.10%-0.06% +0.10%— +0.020%— LS Chart →
Gate logoGate$0.0416KuCoin logoKuCoin$0.0416 +0.10%-0.06% +0.09%— -0.011%— LS Chart →
Variational logoVariational$0.0416Binance logoBinance$0.0416 +0.10%-0.06% +0.15%— +0.334%— LS Chart →
Variational logoVariational$0.0416KuCoin logoKuCoin$0.0416 +0.10%-0.06% +0.15%— +0.304%— LS Chart →
Gate logoGate$0.0416Hyperliquid logoHyperliquid$0.0416 +0.09%-0.07% +0.09%— +0.020%— LS Chart →
Variational logoVariational$0.0416Hyperliquid logoHyperliquid$0.0416 +0.09%-0.07% +0.15%— +0.334%— LS Chart →
Gate logoGate$0.0416Bitget logoBitget$0.0416 +0.07%-0.09% +0.08%— +0.020%— LS Chart →
Variational logoVariational$0.0416Bitget logoBitget$0.0416 +0.07%-0.09% +0.13%— +0.334%— LS Chart →
Gate logoGate$0.0416Bybit logoBybit$0.0416 +0.05%-0.11% +0.01%— -0.205%— LS Chart →
Gate logoGate$0.0416OKX logoOKX$0.0416 +0.05%-0.11% +0.04%— -0.067%— LS Chart →
Gate logoGate$0.0416Aster logoAster$0.0416 +0.05%-0.11% +0.05%— +0.020%— LS Chart →
Variational logoVariational$0.0416Bybit logoBybit$0.0416 +0.05%-0.11% +0.07%— +0.109%— LS Chart →
Variational logoVariational$0.0416OKX logoOKX$0.0416 +0.05%-0.11% +0.09%— +0.247%— 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.

S price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Gate logoGatePerpetual · S_USDTPerpetual $0.0416$0.0416$0.0416-0.22% +0.010%$8.58M
Bybit logoBybitPerpetual · SUSDTPerpetual $0.0416$0.0416$0.0416-0.11% -0.195%$5.01M
Bitget logoBitgetPerpetual · SUSDTPerpetual $0.0416$0.0417$0.0416-0.07% +0.030%$2.54M
OKX logoOKXPerpetual · S-USDT-SWAPPerpetual $0.0416$0.0416$0.0416-0.10% -0.057%$2.47M
MEXC logoMEXCPerpetual · S_USDTPerpetual $0.0416$0.0417$0.0416-0.05% +0.030%$2.22M
KuCoin logoKuCoinPerpetual · SUSDTMPerpetual $0.0416$0.0416$0.0416-0.07% -0.001%$1.24M
Hyperliquid logoHyperliquidPerpetual · SPerpetual $0.0416$0.0417$0.0417+0.01% +0.030%$806.9K
KuCoin logoKuCoinSpot · S-USDTSpot $0.0417$0.0417$0.0417+0.08% —$791.9K
Bybit logoBybitSpot · SUSDTSpot $0.0417$0.0417$0.0417+0.11% —$573.8K
OKX logoOKXSpot · S-USDTSpot $0.0417$0.0417$0.0417+0.10% —$507.8K
Gate logoGateSpot · S_USDTSpot $0.0417$0.0417$0.0417+0.08% —$304.6K
Bitget logoBitgetSpot · SUSDTSpot $0.0417$0.0417$0.0417+0.11% —$285.6K
Variational logoVariationalPerpetual · SPerpetual $0.0415$0.0416$0.0416-0.28% -0.304%$13.5K
Binance logoBinancePerpetual · SUSDTPerpetual $0.0416$0.0417$0.0416-0.06% +0.030%—
Aster logoAsterPerpetual · SUSDTPerpetual $0.0416$0.0417$0.04170.00% +0.030%—
Binance logoBinanceSpot · SUSDTSpot $0.0417$0.0417$0.0417+0.10% ——
MEXC logoMEXCSpot · SUSDTSpot $0.0417$0.0417$0.0417+0.10% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

S arbitrage explained

Right now Sonic (S) trades on 10 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.0416 and the highest bid on Bybit spot at $0.0417.

The widest S perpetual spread is between Gate and MEXC: long S on Gate at $0.0416 and short on MEXC at $0.0416 for +0.12% 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 +0.020% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best S route is to buy spot on Binance and short the perpetual on MEXC: -0.17% gross, -0.37% net, with +0.030% a day of funding on the short leg.

Spot–spot S arbitrage (buy on Binance, withdraw, deposit and sell on Bybit) 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 S 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: S funding rates · S spread charts · Sonic price · arbitrage scanner for all coins.

Is there a S arbitrage opportunity right now?

The best S route right now is to buy on Gate → sell on MEXC (Perp–Perp): +0.12% gross and -0.04% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest S?

Gate (perp) has the lowest S ask at $0.0416, and Bybit (spot) the highest bid at $0.0417. Prices update every 15 seconds on this page.

How many exchanges list S?

ArbiLayer tracks 17 S markets on 10 venues: 10 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage S without transferring coins?

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

Arbitrage for other coins

CRO +18.02%BDX +7.03%ONE +6.80%ESPORTS +6.16%BLAST +5.93%OPENAI +5.06%AI +4.03%SPCX +3.75%ANTHROPIC +3.51%EGLD +3.32%CATE +3.31%ZIL +3.18%OURA +3.05%H100 +2.80%APPSTOCK +2.25%PENGSTOCK +2.15%BEN +1.86%MOONSHOT +1.47%