ArbiLayer

SNX arbitrage

live

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

Best net spread+0.01%Gate → Hyperliquid · Perp–Perp
Best perp–perp spread+0.17%Gate → Hyperliquid
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.49%$0.2531 – $0.2544

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGate$0.2532Hyperliquid logoHyperliquid$0.2536 +0.17%+0.01% +0.16%— 0.000%— LS Chart →
Gate logoGate$0.2532Binance logoBinance$0.2536 +0.16%-0.00% +0.16%— 0.000%— LS Chart →
Gate logoGate$0.2532Bybit logoBybit$0.2536 +0.16%-0.00% +0.16%— 0.000%— LS Chart →
Gate logoGate$0.2532MEXC logoMEXC$0.2536 +0.16%-0.00% +0.16%— 0.000%— LS Chart →
Gate logoGate$0.2532OKX logoOKX$0.2536 +0.16%-0.00% +0.16%— -0.002%— LS Chart →
Gate logoGate$0.2532Bitget logoBitget$0.2535 +0.12%-0.04% +0.12%— 0.000%— LS Chart →
Gate logoGate$0.2532Variational logoVariational$0.2535 +0.12%-0.04% +0.12%— -0.000%— LS Chart →
Gate logoGate$0.2532KuCoin logoKuCoin$0.2535 +0.12%-0.04% +0.12%— -0.008%— LS Chart →
Bitget logoBitget$0.2536Hyperliquid logoHyperliquid$0.2536 +0.01%-0.15% -0.00%— 0.000%— LS Chart →
KuCoin logoKuCoin$0.2536Hyperliquid logoHyperliquid$0.2536 +0.01%-0.15% +0.00%— +0.008%— LS Chart →
Bitget logoBitget$0.2536Binance logoBinance$0.2536 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Bitget logoBitget$0.2536Bybit logoBybit$0.2536 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Bitget logoBitget$0.2536MEXC logoMEXC$0.2536 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Bitget logoBitget$0.2536OKX logoOKX$0.2536 0.00%-0.16% -0.00%— -0.002%— LS Chart →
KuCoin logoKuCoin$0.2536Binance logoBinance$0.2536 0.00%-0.16% +0.00%— +0.008%— 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.

SNX price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Gate logoGatePerpetual · SNX_USDTPerpetual $0.253$0.2532$0.2531-0.30% +0.030%$3.63M
KuCoin logoKuCoinPerpetual · SNXUSDTMPerpetual $0.2535$0.2536$0.2536-0.12% +0.022%$1.62M
Bybit logoBybitPerpetual · SNXUSDTPerpetual $0.2536$0.2537$0.2537-0.08% +0.030%$683.3K
OKX logoOKXPerpetual · SNX-USDT-SWAPPerpetual $0.2536$0.2537$0.2537-0.08% +0.028%$673.6K
MEXC logoMEXCPerpetual · SNX_USDTPerpetual $0.2536$0.2537$0.2537-0.08% +0.030%$316.3K
KuCoin logoKuCoinSpot · SNX-USDTSpot $0.2537$0.254$0.25390.00% —$264.5K
Bitget logoBitgetPerpetual · SNXUSDTPerpetual $0.2535$0.2536$0.2536-0.12% +0.030%$241.8K
Bybit logoBybitSpot · SNXUSDTSpot $0.2539$0.2541$0.254+0.06% —$222.5K
Hyperliquid logoHyperliquidPerpetual · SNXPerpetual $0.2536$0.2542$0.2539+0.01% +0.030%$191.1K
OKX logoOKXSpot · SNX-USDTSpot $0.2539$0.2541$0.254+0.06% —$116.2K
Bitget logoBitgetSpot · SNXUSDTSpot $0.2543$0.2544$0.2544+0.20% —$41.2K
Gate logoGateSpot · SNX_USDTSpot $0.2539$0.2541$0.254+0.06% —$17.4K
Variational logoVariationalPerpetual · SNXPerpetual $0.2535$0.2543$0.2539+0.02% +0.030%$10.1K
Binance logoBinancePerpetual · SNXUSDTPerpetual $0.2536$0.2537$0.2537-0.08% +0.030%—
Aster logoAsterPerpetual · SNXUSDTPerpetual $0.253$0.254$0.2535-0.14% +0.030%—
Binance logoBinanceSpot · SNXUSDTSpot $0.254$0.2541$0.2541+0.08% ——
MEXC logoMEXCSpot · SNXUSDTSpot $0.2541$0.2542$0.2542+0.12% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

SNX arbitrage explained

Right now Synthetix (SNX) trades on 10 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.2532 and the highest bid on Bitget spot at $0.2543.

The widest SNX perpetual spread is between Gate and Hyperliquid: long SNX on Gate at $0.2532 and short on Hyperliquid at $0.2536 for +0.17% gross, or +0.01% 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 SNX route is to buy spot on KuCoin and short the perpetual on Hyperliquid: -0.15% gross, -0.35% net, with +0.030% a day of funding on the short leg.

Spot–spot SNX arbitrage (buy on KuCoin, withdraw, deposit and sell on Bitget) shows +0.12% 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 SNX 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: SNX funding rates · SNX spread charts · Synthetix price · arbitrage scanner for all coins.

Is there a SNX arbitrage opportunity right now?

The best SNX route right now is to buy on Gate → sell on Hyperliquid (Perp–Perp): +0.17% gross and +0.01% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest SNX?

Gate (perp) has the lowest SNX ask at $0.2532, and Bitget (spot) the highest bid at $0.2543. Prices update every 15 seconds on this page.

How many exchanges list SNX?

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

How do I arbitrage SNX without transferring coins?

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

Arbitrage for other coins

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