ArbiLayer

SNX arbitrage

live

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

Best net spread+0.09%Gate → Binance · Perp–Perp
Best perp–perp spread+0.25%Gate → Binance
Markets tracked1710 venues · 10 perp · 7 spot · 0 DEX
Price range0.47%$0.2446 – $0.2457

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
OKX logoOKXspot$0.2457Binance logoBinancespot$0.2456 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
OKX logoOKXspot$0.2457Bybit logoBybitspot$0.2456 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
OKX logoOKXspot$0.2457MEXC logoMEXCspot$0.2456 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.2457Binance logoBinancespot$0.2456 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.2457Bybit logoBybitspot$0.2456 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.2457MEXC logoMEXCspot$0.2456 -0.04%-0.24% -0.04%— 0.000%— LS Chart →
Binance logoBinancespot$0.2458Bybit logoBybitspot$0.2456 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
Binance logoBinancespot$0.2458MEXC logoMEXCspot$0.2456 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
Bybit logoBybitspot$0.2458Binance logoBinancespot$0.2456 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
Bybit logoBybitspot$0.2458MEXC logoMEXCspot$0.2456 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
Gate logoGatespot$0.2458Binance logoBinancespot$0.2456 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
Gate logoGatespot$0.2458Bybit logoBybitspot$0.2456 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
Gate logoGatespot$0.2458MEXC logoMEXCspot$0.2456 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.2458Binance logoBinancespot$0.2456 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.2458Bybit logoBybitspot$0.2456 -0.08%-0.28% -0.08%— 0.000%— 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 $0.2445$0.2446$0.2446-0.29% -0.004%$4.89M
KuCoin logoKuCoinPerpetual · SNXUSDTMPerpetual $0.2448$0.2449$0.2449-0.16% -0.082%$1.86M
Bybit logoBybitPerpetual · SNXUSDTPerpetual $0.2449$0.245$0.245-0.12% +0.030%$845.1K
OKX logoOKXPerpetual · SNX-USDT-SWAPPerpetual $0.2452$0.2453$0.24530.00% -0.148%$823.8K
MEXC logoMEXCPerpetual · SNX_USDTPerpetual $0.2452$0.2453$0.24530.00% -0.013%$350.9K
Bitget logoBitgetPerpetual · SNXUSDTPerpetual $0.2451$0.2452$0.2452-0.04% +0.030%$303.0K
KuCoin logoKuCoinSpot · SNX-USDTSpot $0.2455$0.2459$0.2457+0.18% —$275.2K
Bybit logoBybitSpot · SNXUSDTSpot $0.2456$0.2458$0.2457+0.18% —$214.2K
Hyperliquid logoHyperliquidPerpetual · SNXPerpetual $0.2449$0.2457$0.2453+0.01% -0.000%$190.6K
OKX logoOKXSpot · SNX-USDTSpot $0.2454$0.2457$0.2456+0.12% —$145.3K
Bitget logoBitgetSpot · SNXUSDTSpot $0.2455$0.2457$0.2456+0.14% —$40.8K
Gate logoGateSpot · SNX_USDTSpot $0.2455$0.2458$0.2456+0.16% —$17.4K
Variational logoVariationalPerpetual · SNXPerpetual $0.2448$0.2454$0.2451-0.06% -0.067%$17.3K
Binance logoBinancePerpetual · SNXUSDTPerpetual $0.2452$0.2453$0.24530.00% -0.013%—
Aster logoAsterPerpetual · SNXUSDTPerpetual $0.244$0.246$0.245-0.10% +0.030%—
Binance logoBinanceSpot · SNXUSDTSpot $0.2456$0.2458$0.2457+0.18% ——
MEXC logoMEXCSpot · SNXUSDTSpot $0.2456$0.2458$0.2457+0.18% ——
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 $0.2446 and the highest bid on Bybit spot at $0.2456.

The widest SNX perpetual spread is between Gate and Binance: long SNX on Gate at $0.2446 and short on Binance at $0.2452 for +0.25% gross, or +0.09% 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 -0.009% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best SNX route is to buy spot on OKX and short the perpetual on Binance: -0.20% gross, -0.40% net, with -0.013% a day of funding on the short leg.

Spot–spot SNX arbitrage (buy on OKX, withdraw, deposit and sell on Binance) shows -0.04% 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 Binance (Perp–Perp): +0.25% gross and +0.09% 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 $0.2446, and Bybit (spot) the highest bid at $0.2456. 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 (Binance), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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