ArbiLayer

SYN arbitrage

live

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

Best net spread-0.09%Binance → Bitget · Perp–Perp
Best perp–perp spread+0.07%Binance → Bitget
Markets tracked86 venues · 4 perp · 4 spot · 0 DEX
Price range0.20%$0.1984 – $0.1988

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGatespot$0.1985Binance logoBinancespot$0.1984 -0.05%-0.25% -0.05%— 0.000%— LS Chart →
Gate logoGatespot$0.1985KuCoin logoKuCoinspot$0.1984 -0.05%-0.25% -0.05%— 0.000%— LS Chart →
Binance logoBinancespot$0.1985KuCoin logoKuCoinspot$0.1984 -0.07%-0.27% -0.07%— 0.000%— LS Chart →
Gate logoGatespot$0.1985MEXC logoMEXCspot$0.1983 -0.09%-0.29% -0.09%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.1986Binance logoBinancespot$0.1984 -0.10%-0.30% -0.10%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.1986KuCoin logoKuCoinspot$0.1984 -0.11%-0.31% -0.11%— 0.000%— LS Chart →
Binance logoBinancespot$0.1985Gate logoGatespot$0.1983 -0.11%-0.31% -0.11%— 0.000%— LS Chart →
Binance logoBinancespot$0.1985MEXC logoMEXCspot$0.1983 -0.11%-0.31% -0.11%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.1987Binance logoBinancespot$0.1984 -0.15%-0.35% -0.15%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.1986Gate logoGatespot$0.1983 -0.15%-0.35% -0.15%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.1987Gate logoGatespot$0.1983 -0.19%-0.39% -0.19%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.1987MEXC logoMEXCspot$0.1983 -0.19%-0.39% -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.

SYN price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
MEXC logoMEXCPerpetual · SYN_USDTPerpetual $0.1984$0.1986$0.1985+0.01% +0.030%$2.10M
Bitget logoBitgetPerpetual · SYNUSDTPerpetual $0.1986$0.1988$0.1987+0.12% +0.030%$1.43M
Gate logoGateSpot · SYN_USDTSpot $0.1983$0.1985$0.1984-0.04% —$669.4K
KuCoin logoKuCoinSpot · SYN-USDTSpot $0.1984$0.1987$0.1986+0.03% —$235.1K
Binance logoBinancePerpetual · SYNUSDTPerpetual $0.1984$0.1985$0.1985-0.01% +0.030%—
Aster logoAsterPerpetual · SYNUSDTPerpetual $0.1986$0.199$0.1988+0.16% +0.103%—
Binance logoBinanceSpot · SYNUSDTSpot $0.1984$0.1985$0.1985-0.01% ——
MEXC logoMEXCSpot · SYNUSDTSpot $0.1983$0.1986$0.1985-0.01% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

SYN arbitrage explained

Right now Synapse (SYN) trades on 6 venues we scan: 4 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.1985 and the highest bid on Bitget perp at $0.1986.

The widest SYN perpetual spread is between Binance and Bitget: long SYN on Binance at $0.1985 and short on Bitget at $0.1986 for +0.07% 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 0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best SYN route is to buy spot on Gate and short the perpetual on Bitget: +0.07% gross, -0.13% net, with +0.030% a day of funding on the short leg.

Spot–spot SYN arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows -0.05% 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 SYN 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: SYN funding rates · SYN spread charts · Synapse price · arbitrage scanner for all coins.

Is there a SYN arbitrage opportunity right now?

The best SYN route right now is to buy on Binance → sell on Bitget (Perp–Perp): +0.07% gross and -0.09% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest SYN?

Gate (spot) has the lowest SYN ask at $0.1985, and Bitget (perp) the highest bid at $0.1986. Prices update every 15 seconds on this page.

How many exchanges list SYN?

ArbiLayer tracks 8 SYN markets on 6 venues: 4 perpetual, 4 spot and 0 DEX pools.

How do I arbitrage SYN without transferring coins?

Use two perpetual contracts: go long SYN on the cheaper exchange (Binance 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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