ArbiLayer

S arbitrage

live

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

Best net spread-0.08%Bybit → Bitget · Perp–Perp
Best perp–perp spread+0.08%Bybit → Bitget
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.43%$0.0398 – $0.04

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
No venue pairs for this coin in this mode right now.
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 $0.0398$0.0398$0.0398-0.10% +0.030%$6.46M
Bybit logoBybitPerpetual · SUSDTPerpetual $0.0398$0.0398$0.0398-0.13% +0.030%$3.20M
Bitget logoBitgetPerpetual · SUSDTPerpetual $0.0398$0.0399$0.03990.00% +0.030%$2.37M
OKX logoOKXPerpetual · S-USDT-SWAPPerpetual $0.0398$0.0398$0.0398-0.05% -0.053%$1.77M
MEXC logoMEXCPerpetual · S_USDTPerpetual $0.0398$0.0399$0.0398-0.01% -0.042%$1.63M
KuCoin logoKuCoinPerpetual · SUSDTMPerpetual $0.0398$0.0398$0.0398-0.06% -0.082%$1.14M
Hyperliquid logoHyperliquidPerpetual · SPerpetual $0.0398$0.0399$0.0398-0.01% -0.097%$842.3K
KuCoin logoKuCoinSpot · S-USDTSpot $0.0399$0.0399$0.0399+0.13% —$549.2K
Bybit logoBybitSpot · SUSDTSpot $0.0399$0.0399$0.0399+0.14% —$472.6K
OKX logoOKXSpot · S-USDTSpot $0.0399$0.0399$0.0399+0.16% —$396.6K
Bitget logoBitgetSpot · SUSDTSpot $0.0399$0.04$0.04+0.30% —$270.5K
Gate logoGateSpot · S_USDTSpot $0.0399$0.0399$0.0399+0.16% —$131.4K
Variational logoVariationalPerpetual · SPerpetual $0.0398$0.0399$0.0399+0.04% -0.101%$7.6K
Binance logoBinancePerpetual · SUSDTPerpetual $0.0398$0.0399$0.0398-0.03% -0.043%—
Aster logoAsterPerpetual · SUSDTPerpetual $0.0398$0.0399$0.03990.00% -0.153%—
Binance logoBinanceSpot · SUSDTSpot $0.0399$0.0399$0.0399+0.15% ——
MEXC logoMEXCSpot · SUSDTSpot $0.0399$0.0399$0.0399+0.15% ——
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 Bybit perp at $0.0398 and the highest bid on Bitget spot at $0.0399.

The widest S perpetual spread is between Bybit and Bitget: long S on Bybit at $0.0398 and short on Bitget at $0.0398 for +0.08% gross, or -0.08% 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 S route is to buy spot on KuCoin and short the perpetual on Bitget: -0.18% gross, -0.38% net, with +0.030% a day of funding on the short leg.

Spot–spot S arbitrage (buy on KuCoin, withdraw, deposit and sell on Bitget) shows +0.08% 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 Bybit → sell on Bitget (Perp–Perp): +0.08% gross and -0.08% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest S?

Bybit (perp) has the lowest S ask at $0.0398, and Bitget (spot) the highest bid at $0.0399. 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 (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.

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