ArbiLayer

T arbitrage

live

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

Best net spread-0.02%Bitget → KuCoin · Spot–Spot
Best perp–perp spread+0.08%Binance → Gate
Markets tracked138 venues · 7 perp · 6 spot · 0 DEX
Price range0.51%$0.005072 – $0.005098

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Binance logoBinance$0.005072Gate logoGate$0.005076 +0.08%-0.08% +0.04%— -0.209%— LS Chart →
MEXC logoMEXC$0.005073Gate logoGate$0.005076 +0.06%-0.10% +0.02%— -0.207%— LS Chart →
Binance logoBinance$0.005072Bitget logoBitget$0.005074 +0.04%-0.12% +0.04%— +0.007%— LS Chart →
Bybit logoBybit$0.005074Gate logoGate$0.005076 +0.04%-0.12% +0.00%— -0.216%— LS Chart →
MEXC logoMEXC$0.005073Bitget logoBitget$0.005074 +0.02%-0.14% +0.02%— +0.009%— LS Chart →
Binance logoBinance$0.005072Bybit logoBybit$0.005072 0.00%-0.16% +0.00%— +0.007%— LS Chart →
Bybit logoBybit$0.005074Bitget logoBitget$0.005074 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Bitget logoBitget$0.005076Gate logoGate$0.005076 0.00%-0.16% -0.04%— -0.216%— LS Chart →
KuCoin logoKuCoin$0.005077Gate logoGate$0.005076 -0.02%-0.18% +0.01%— +0.167%— LS Chart →
MEXC logoMEXC$0.005073Bybit logoBybit$0.005072 -0.02%-0.18% -0.02%— +0.009%— LS Chart →
Binance logoBinance$0.005072MEXC logoMEXC$0.005071 -0.02%-0.18% -0.02%— -0.002%— LS Chart →
MEXC logoMEXC$0.005073Binance logoBinance$0.005071 -0.04%-0.20% -0.04%— +0.002%— LS Chart →
Gate logoGate$0.005077Bitget logoBitget$0.005074 -0.06%-0.22% -0.02%— +0.216%— LS Chart →
KuCoin logoKuCoin$0.005077Bitget logoBitget$0.005074 -0.06%-0.22% +0.00%— +0.383%— LS Chart →
Bybit logoBybit$0.005074Binance logoBinance$0.005071 -0.06%-0.22% -0.06%— -0.007%— 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.

T price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · TUSDTPerpetual $0.005072$0.005074$0.005073-0.07% +0.030%$865.8K
Bitget logoBitgetPerpetual · TUSDTPerpetual $0.005074$0.005076$0.005075-0.03% +0.030%$553.6K
MEXC logoMEXCPerpetual · T_USDTPerpetual $0.005071$0.005073$0.005072-0.09% +0.021%$143.1K
Gate logoGatePerpetual · T_USDTPerpetual $0.005076$0.005077$0.0050760.00% -0.186%$107.8K
KuCoin logoKuCoinPerpetual · TUSDTMPerpetual $0.005068$0.005077$0.005073-0.08% -0.353%$81.9K
Gate logoGateSpot · T_USDTSpot $0.005079$0.005089$0.005084+0.15% —$14.6K
OKX logoOKXSpot · T-USDTSpot $0.005079$0.005116$0.005098+0.41% —$14.3K
Bitget logoBitgetSpot · TUSDTSpot $0.005073$0.005081$0.005077+0.01% —$9.5K
KuCoin logoKuCoinSpot · T-USDTSpot $0.00509$0.0051$0.005095+0.36% —$5.5K
Variational logoVariationalPerpetual · TPerpetual $0.005067$0.005081$0.005074-0.05% +0.030%$4.6K
Binance logoBinancePerpetual · TUSDTPerpetual $0.005071$0.005072$0.005072-0.10% +0.023%—
Binance logoBinanceSpot · TUSDTSpot $0.00508$0.00509$0.005085+0.17% ——
MEXC logoMEXCSpot · TUSDTSpot $0.00508$0.00509$0.005085+0.17% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

T arbitrage explained

Right now Threshold Network (T) trades on 8 venues we scan: 7 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Binance perp at $0.005072 and the highest bid on KuCoin spot at $0.00509.

The widest T perpetual spread is between Binance and Gate: long T on Binance at $0.005072 and short on Gate at $0.005076 for +0.08% gross, or -0.08% 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 -0.209% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best T route is to buy spot on Bitget and short the perpetual on Gate: -0.10% gross, -0.30% net, with -0.186% a day of funding on the short leg.

Spot–spot T arbitrage (buy on Bitget, withdraw, deposit and sell on KuCoin) shows +0.18% 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 T 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: T funding rates · T spread charts · Threshold Network price · arbitrage scanner for all coins.

Is there a T arbitrage opportunity right now?

The best T route right now is to buy on Bitget spot → sell on KuCoin spot (Spot–Spot): +0.18% gross and -0.02% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest T?

Binance (perp) has the lowest T ask at $0.005072, and KuCoin (spot) the highest bid at $0.00509. Prices update every 15 seconds on this page.

How many exchanges list T?

ArbiLayer tracks 13 T markets on 8 venues: 7 perpetual, 6 spot and 0 DEX pools.

How do I arbitrage T without transferring coins?

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

Arbitrage for other coins

CRO +18.02%BDX +7.03%ONE +6.80%ESPORTS +6.16%BLAST +5.93%OPENAI +5.06%AI +4.03%SPCX +3.75%ANTHROPIC +3.51%EGLD +3.32%CATE +3.31%ZIL +3.18%OURA +3.05%H100 +2.80%APPSTOCK +2.25%PENGSTOCK +2.15%BEN +1.86%MOONSHOT +1.47%