ArbiLayer

USDC arbitrage

live

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

Best net spread-0.06%Gate → OKX · Perp–Perp
Best perp–perp spread+0.10%Gate → OKX
Markets tracked158 venues · 7 perp · 7 spot · 1 DEX
Price range0.11%$0.9993 – $1.00

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGate$0.9994OKX logoOKX$1.00 +0.10%-0.06% +0.10%— +0.005%— LS Chart →
Bybit logoBybit$0.9995OKX logoOKX$1.00 +0.09%-0.07% +0.10%— +0.043%— LS Chart →
Binance logoBinance$0.9996OKX logoOKX$1.00 +0.07%-0.09% +0.08%— +0.009%— LS Chart →
MEXC logoMEXC$0.9996OKX logoOKX$1.00 +0.07%-0.09% +0.08%— +0.009%— LS Chart →
Bitget logoBitget$0.9999OKX logoOKX$1.00 +0.05%-0.11% +0.04%— -0.030%— LS Chart →
Gate logoGate$0.9994Bitget logoBitget$0.9998 +0.04%-0.12% +0.05%— +0.035%— LS Chart →
Bybit logoBybit$0.9995Bitget logoBitget$0.9998 +0.03%-0.13% +0.05%— +0.073%— LS Chart →
Gate logoGate$0.9994Binance logoBinance$0.9996 +0.02%-0.14% +0.02%— -0.004%— LS Chart →
Gate logoGate$0.9994MEXC logoMEXC$0.9996 +0.02%-0.14% +0.02%— -0.004%— LS Chart →
Binance logoBinance$0.9996Bitget logoBitget$0.9998 +0.02%-0.14% +0.03%— +0.039%— LS Chart →
MEXC logoMEXC$0.9996Bitget logoBitget$0.9998 +0.02%-0.14% +0.03%— +0.039%— LS Chart →
Bybit logoBybit$0.9995Binance logoBinance$0.9996 +0.01%-0.15% +0.02%— +0.034%— LS Chart →
Bybit logoBybit$0.9995MEXC logoMEXC$0.9996 +0.01%-0.15% +0.02%— +0.034%— LS Chart →
KuCoin logoKuCoin$1.00OKX logoOKX$1.00 +0.01%-0.15% -0.00%— -0.030%— LS Chart →
Gate logoGate$0.9994Bybit logoBybit$0.9994 0.00%-0.16% -0.01%— -0.038%— 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.

USDC price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
OKX logoOKXSpot · USDC-USDTSpot $1.00$1.00$1.00+0.01% —$762.17M
Bybit logoBybitSpot · USDCUSDTSpot $1.00$1.00$1.00+0.00% —$205.47M
Uniswap · Ethereum logoUniswap · EthereumDEX pool · ethereum · 0xa0b8…eb48DEX pool $0.9971$1.00$1.00+0.00% —$56.81M
Bitget logoBitgetSpot · USDCUSDTSpot $1.00$1.00$1.00+0.01% —$48.13M
Gate logoGateSpot · USDC_USDTSpot $1.00$1.00$1.00+0.00% —$20.93M
KuCoin logoKuCoinSpot · USDC-USDTSpot $1.00$1.00$1.00-0.00% —$17.07M
Bybit logoBybitPerpetual · USDCUSDTPerpetual $0.9994$0.9995$0.9995-0.06% -0.043%$1.22M
MEXC logoMEXCPerpetual · USDC_USDTPerpetual $0.9996$0.9996$0.9996-0.05% -0.009%$226.1K
Bitget logoBitgetPerpetual · USDCUSDTPerpetual $0.9998$0.9999$0.9999-0.02% +0.030%$38.4K
OKX logoOKXPerpetual · USDC-USDT-SWAPPerpetual $1.00$1.00$1.00+0.03% 0.000%$25.0K
KuCoin logoKuCoinPerpetual · USDCUSDTMPerpetual $0.9993$1.00$0.9998-0.03% +0.030%$18.1K
Gate logoGatePerpetual · USDC_USDTPerpetual $0.9992$0.9994$0.9993-0.08% -0.005%$14.0K
Binance logoBinancePerpetual · USDCUSDTPerpetual $0.9996$0.9996$0.9996-0.05% -0.009%—
Binance logoBinanceSpot · USDCUSDTSpot $1.00$1.00$1.00+0.01% ——
MEXC logoMEXCSpot · USDCUSDTSpot $1.00$1.00$1.00+0.01% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

USDC arbitrage explained

Right now USDC trades on 8 venues we scan: 7 perpetual markets, 7 spot markets and 1 DEX pool. The lowest ask is on Gate perp at $0.9994 and the highest bid on OKX perp at $1.00.

The widest USDC perpetual spread is between Gate and OKX: long USDC on Gate at $0.9994 and short on OKX at $1.00 for +0.10% gross, or -0.06% 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 +0.005% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best USDC route is to buy spot on KuCoin and short the perpetual on OKX: +0.03% gross, -0.17% net.

Spot–spot USDC arbitrage (buy on KuCoin, withdraw, deposit and sell on OKX) shows +0.01% 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 USDC 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: USDC funding rates · USDC spread charts · USDC price · arbitrage scanner for all coins.

Is there a USDC arbitrage opportunity right now?

The best USDC route right now is to buy on Gate → sell on OKX (Perp–Perp): +0.10% gross and -0.06% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest USDC?

Gate (perp) has the lowest USDC ask at $0.9994, and OKX (perp) the highest bid at $1.00. Prices update every 15 seconds on this page.

How many exchanges list USDC?

ArbiLayer tracks 15 USDC markets on 8 venues: 7 perpetual, 7 spot and 1 DEX pool.

How do I arbitrage USDC without transferring coins?

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

Arbitrage for other coins

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