ArbiLayer

SPELL arbitrage

live

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

Best net spread-0.17%Gate → Binance · Spot–Spot
Best perp–perp spread-0.01%Variational → Binance
Markets tracked96 venues · 6 perp · 3 spot · 0 DEX
Price range0.44%$0.00009334 – $0.00009376

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Variational logoVariational$0.00009361Binance logoBinance$0.0000936 -0.01%-0.17% -0.01%— +0.000%— LS Chart →
Variational logoVariational$0.00009361MEXC logoMEXC$0.0000936 -0.01%-0.17% -0.01%— +0.000%— LS Chart →
Variational logoVariational$0.00009361Bitget logoBitget$0.00009355 -0.06%-0.22% -0.06%— +0.000%— LS Chart →
Binance logoBinance$0.0000937MEXC logoMEXC$0.0000936 -0.11%-0.27% -0.11%— 0.000%— LS Chart →
MEXC logoMEXC$0.0000937Binance logoBinance$0.0000936 -0.11%-0.27% -0.11%— 0.000%— LS Chart →
Gate logoGate$0.0000937Binance logoBinance$0.0000936 -0.11%-0.27% -0.11%— 0.000%— LS Chart →
Gate logoGate$0.0000937MEXC logoMEXC$0.0000936 -0.11%-0.27% -0.11%— 0.000%— LS Chart →
KuCoin logoKuCoin$0.0000937Binance logoBinance$0.0000936 -0.11%-0.27% -0.11%— 0.000%— LS Chart →
KuCoin logoKuCoin$0.0000937MEXC logoMEXC$0.0000936 -0.11%-0.27% -0.11%— 0.000%— LS Chart →
Variational logoVariational$0.00009361Gate logoGate$0.0000935 -0.12%-0.28% -0.12%— +0.000%— LS Chart →
Binance logoBinance$0.0000937Bitget logoBitget$0.00009355 -0.16%-0.32% -0.16%— 0.000%— LS Chart →
MEXC logoMEXC$0.0000937Bitget logoBitget$0.00009355 -0.16%-0.32% -0.16%— 0.000%— LS Chart →
Gate logoGate$0.0000937Bitget logoBitget$0.00009355 -0.16%-0.32% -0.16%— 0.000%— LS Chart →
KuCoin logoKuCoin$0.0000937Bitget logoBitget$0.00009355 -0.16%-0.32% -0.16%— 0.000%— LS Chart →
Bitget logoBitget$0.00009378Binance logoBinance$0.0000936 -0.19%-0.35% -0.19%— 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.

SPELL price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
MEXC logoMEXCPerpetual · SPELL_USDTPerpetual $0.0000936$0.0000937$0.000093650.00% +0.030%$109.1K
Gate logoGatePerpetual · SPELL_USDTPerpetual $0.0000935$0.0000937$0.0000936-0.05% +0.030%$107.7K
Bitget logoBitgetPerpetual · SPELLUSDTPerpetual $0.00009355$0.00009378$0.00009366+0.02% +0.030%$50.2K
KuCoin logoKuCoinPerpetual · SPELLUSDTMPerpetual $0.0000934$0.0000937$0.00009355-0.11% +0.030%$19.1K
Gate logoGateSpot · SPELL_USDTSpot $0.00009354$0.00009367$0.00009361-0.05% —$4.9K
Variational logoVariationalPerpetual · SPELLPerpetual $0.00009307$0.00009361$0.00009334-0.33% +0.030%$498
Binance logoBinancePerpetual · SPELLUSDTPerpetual $0.0000936$0.0000937$0.000093650.00% +0.030%—
Binance logoBinanceSpot · SPELLUSDTSpot $0.0000937$0.0000938$0.00009375+0.11% ——
MEXC logoMEXCSpot · SPELLUSDTSpot $0.00009369$0.00009382$0.00009376+0.11% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

SPELL arbitrage explained

Right now Spell (SPELL) trades on 6 venues we scan: 6 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $0.00009361 and the highest bid on Binance spot at $0.0000937.

The widest SPELL perpetual spread is between Variational and Binance: long SPELL on Variational at $0.00009361 and short on Binance at $0.0000936 for -0.01% gross, or -0.17% 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 SPELL route is to buy spot on Gate and short the perpetual on Binance: -0.07% gross, -0.27% net, with +0.030% a day of funding on the short leg.

Spot–spot SPELL arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows +0.03% 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 SPELL 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: SPELL funding rates · SPELL spread charts · Spell price · arbitrage scanner for all coins.

Is there a SPELL arbitrage opportunity right now?

The best SPELL route right now is to buy on Gate spot → sell on Binance spot (Spot–Spot): +0.03% gross and -0.17% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest SPELL?

Variational (perp) has the lowest SPELL ask at $0.00009361, and Binance (spot) the highest bid at $0.0000937. Prices update every 15 seconds on this page.

How many exchanges list SPELL?

ArbiLayer tracks 9 SPELL markets on 6 venues: 6 perpetual, 3 spot and 0 DEX pools.

How do I arbitrage SPELL without transferring coins?

Use two perpetual contracts: go long SPELL on the cheaper exchange (Variational 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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