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+0.04%Bitget → KuCoin · Perp–Perp
Best perp–perp spread+0.20%Bitget → KuCoin
Markets tracked138 venues · 7 perp · 6 spot · 0 DEX
Price range0.53%$0.005019 – $0.005045

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Binance logoBinancespot$0.00503KuCoin logoKuCoinspot$0.00504 +0.20%-0.00% +0.20%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.005031KuCoin logoKuCoinspot$0.00504 +0.18%-0.02% +0.18%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.005033KuCoin logoKuCoinspot$0.00504 +0.14%-0.06% +0.14%— 0.000%— LS Chart →
Gate logoGatespot$0.005036KuCoin logoKuCoinspot$0.00504 +0.08%-0.12% +0.08%— 0.000%— LS Chart →
Binance logoBinancespot$0.00503OKX logoOKXspot$0.00503 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.005031OKX logoOKXspot$0.00503 -0.02%-0.22% -0.02%— 0.000%— LS Chart →
OKX logoOKXspot$0.005043KuCoin logoKuCoinspot$0.00504 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.005033OKX logoOKXspot$0.00503 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
Binance logoBinancespot$0.00503Gate logoGatespot$0.005026 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.005031Gate logoGatespot$0.005026 -0.10%-0.30% -0.10%— 0.000%— LS Chart →
Gate logoGatespot$0.005036OKX logoOKXspot$0.00503 -0.12%-0.32% -0.12%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.005033Gate logoGatespot$0.005026 -0.14%-0.34% -0.14%— 0.000%— LS Chart →
Binance logoBinancespot$0.00503Bitget logoBitgetspot$0.005023 -0.14%-0.34% -0.14%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.005033Bitget logoBitgetspot$0.005023 -0.20%-0.40% -0.20%— 0.000%— LS Chart →
Binance logoBinancespot$0.00503MEXC logoMEXCspot$0.00502 -0.20%-0.40% -0.20%— 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.

T price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · TUSDTPerpetual $0.005022$0.005026$0.005024-0.05% -0.070%$941.6K
Bitget logoBitgetPerpetual · TUSDTPerpetual $0.00502$0.005021$0.005021-0.12% -0.037%$613.2K
MEXC logoMEXCPerpetual · T_USDTPerpetual $0.005022$0.005023$0.005023-0.08% -0.019%$135.1K
Gate logoGatePerpetual · T_USDTPerpetual $0.005028$0.00503$0.005029+0.05% -0.167%$125.5K
KuCoin logoKuCoinPerpetual · TUSDTMPerpetual $0.005031$0.005035$0.005033+0.13% -0.083%$110.1K
Gate logoGateSpot · T_USDTSpot $0.005026$0.005036$0.005031+0.09% —$16.4K
OKX logoOKXSpot · T-USDTSpot $0.00503$0.005043$0.005036+0.20% —$12.9K
Bitget logoBitgetSpot · TUSDTSpot $0.005023$0.005031$0.005027+0.01% —$8.8K
KuCoin logoKuCoinSpot · T-USDTSpot $0.00504$0.00505$0.005045+0.37% —$5.4K
Variational logoVariationalPerpetual · TPerpetual $0.005013$0.005024$0.005019-0.16% -0.132%$4.6K
Binance logoBinancePerpetual · TUSDTPerpetual $0.005021$0.005023$0.005022-0.09% -0.021%—
Binance logoBinanceSpot · TUSDTSpot $0.00502$0.00503$0.005025-0.03% ——
MEXC logoMEXCSpot · TUSDTSpot $0.00502$0.005033$0.0050270.00% ——
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 Bitget perp at $0.005021 and the highest bid on KuCoin spot at $0.00504.

The widest T perpetual spread is between Bitget and KuCoin: long T on Bitget at $0.005021 and short on KuCoin at $0.005031 for +0.20% gross, or +0.04% 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 -0.046% 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 Binance and short the perpetual on KuCoin: +0.02% gross, -0.18% net, with -0.083% a day of funding on the short leg.

Spot–spot T arbitrage (buy on Binance, withdraw, deposit and sell on KuCoin) shows +0.20% 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 → sell on KuCoin (Perp–Perp): +0.20% gross and +0.04% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest T?

Bitget (perp) has the lowest T ask at $0.005021, and KuCoin (spot) the highest bid at $0.00504. 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 (Bitget now) and short it on the more expensive one (KuCoin), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

BLAST +18.02%CRO +16.46%ESPORTS +8.24%UPC +7.07%BDX +6.46%ONE +6.25%OPENAI +5.90%ELIZAOS +4.25%OURA +4.13%CATE +3.46%ANTHROPIC +3.37%ZIL +3.08%AI +3.08%EGLD +2.98%SPCX +2.90%GAIA +2.56%APPSTOCK +1.91%ETN +1.66%