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 → Binance · Perp–Perp
Best perp–perp spread+0.12%Gate → Binance
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.32%$0.0405 – $0.0406

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybitspot$0.0406Binance logoBinance$0.0405 -0.15%-0.35% -0.15%— -0.014%+0.50% LS Chart →
KuCoin logoKuCoinspot$0.0406Binance logoBinance$0.0405 -0.15%-0.35% -0.15%— -0.014%+0.50% LS Chart →
OKX logoOKXspot$0.0406Binance logoBinance$0.0405 -0.17%-0.37% -0.17%— -0.014%+0.50% LS Chart →
Bitget logoBitgetspot$0.0406Binance logoBinance$0.0405 -0.17%-0.37% -0.17%— -0.014%+0.50% LS Chart →
Bybit logoBybitspot$0.0406Bitget logoBitget$0.0405 -0.17%-0.37% -0.17%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0406MEXC logoMEXC$0.0405 -0.17%-0.37% -0.17%— -0.013%— LS Chart →
Bybit logoBybitspot$0.0406KuCoin logoKuCoin$0.0405 -0.17%-0.37% -0.17%— +0.024%— LS Chart →
KuCoin logoKuCoinspot$0.0406Bitget logoBitget$0.0405 -0.17%-0.37% -0.17%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.0406MEXC logoMEXC$0.0405 -0.17%-0.37% -0.17%— -0.013%— LS Chart →
KuCoin logoKuCoinspot$0.0406KuCoin logoKuCoin$0.0405 -0.17%-0.37% -0.17%— +0.024%— LS Chart →
Bybit logoBybitspot$0.0406Hyperliquid logoHyperliquid$0.0405 -0.19%-0.39% -0.19%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.0406Hyperliquid logoHyperliquid$0.0405 -0.19%-0.39% -0.19%— +0.030%— LS Chart →
Binance logoBinancespot$0.0406Binance logoBinance$0.0405 -0.20%-0.40% -0.20%— -0.014%+0.50% LS Chart →
Gate logoGatespot$0.0406Binance logoBinance$0.0405 -0.20%-0.40% -0.20%— -0.014%+0.50% LS Chart →
MEXC logoMEXCspot$0.0406Binance logoBinance$0.0405 -0.20%-0.40% -0.20%— -0.014%+0.50% 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 $0.0405$0.0405$0.0405-0.17% +0.030%$6.45M
Bybit logoBybitPerpetual · SUSDTPerpetual $0.0405$0.0405$0.0405-0.09% +0.030%$3.36M
Bitget logoBitgetPerpetual · SUSDTPerpetual $0.0405$0.0406$0.04060.00% +0.030%$2.42M
OKX logoOKXPerpetual · S-USDT-SWAPPerpetual $0.0405$0.0405$0.0405-0.12% -0.041%$1.91M
MEXC logoMEXCPerpetual · S_USDTPerpetual $0.0405$0.0406$0.0405-0.02% -0.013%$1.78M
KuCoin logoKuCoinPerpetual · SUSDTMPerpetual $0.0405$0.0405$0.0405-0.04% +0.024%$1.23M
KuCoin logoKuCoinSpot · S-USDTSpot $0.0406$0.0406$0.0406+0.10% —$598.7K
Hyperliquid logoHyperliquidPerpetual · SPerpetual $0.0405$0.0406$0.0406+0.02% +0.030%$571.4K
Bybit logoBybitSpot · SUSDTSpot $0.0406$0.0406$0.0406+0.11% —$446.6K
OKX logoOKXSpot · S-USDTSpot $0.0406$0.0406$0.0406+0.12% —$400.5K
Bitget logoBitgetSpot · SUSDTSpot $0.0406$0.0406$0.0406+0.07% —$261.5K
Gate logoGateSpot · S_USDTSpot $0.0406$0.0406$0.0406+0.14% —$239.0K
Variational logoVariationalPerpetual · SPerpetual $0.0405$0.0406$0.0405-0.04% -0.203%$11.6K
Binance logoBinancePerpetual · SUSDTPerpetual $0.0405$0.0406$0.0405-0.01% -0.014%—
Aster logoAsterPerpetual · SUSDTPerpetual $0.0405$0.0406$0.0405-0.01% -0.019%—
Binance logoBinanceSpot · SUSDTSpot $0.0406$0.0406$0.0406+0.15% ——
MEXC logoMEXCSpot · SUSDTSpot $0.0406$0.0406$0.0406+0.14% ——
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 $0.0405 and the highest bid on Binance spot at $0.0406.

The widest S perpetual spread is between Gate and Binance: long S on Gate at $0.0405 and short on Binance at $0.0405 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 -0.044% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best S route is to buy spot on Bybit and short the perpetual on Binance: -0.15% gross, -0.35% net, with -0.014% a day of funding on the short leg.

Spot–spot S arbitrage (buy on Bybit, withdraw, deposit and sell on Binance) shows 0.00% 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 Binance (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 $0.0405, and Binance (spot) the highest bid at $0.0406. 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 (Binance), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

BLAST +22.02%CRO +17.94%FLYBRAIN +6.94%ESPORTS +6.80%ONE +6.04%OPENAI +5.68%EGLD +3.44%ANTHROPIC +3.41%ZCAT +3.16%ZIL +3.16%CATE +3.07%STAMP +2.71%OURA +2.53%MUSEBOOK +2.29%APPSTOCK +2.29%SPCX +2.17%BEN +2.14%AI +1.96%