ArbiLayer

USUAL arbitrage

live

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

Best net spread+0.06%MEXC → Gate · Perp–Perp
Best perp–perp spread+0.22%MEXC → Gate
Markets tracked138 venues · 8 perp · 5 spot · 0 DEX
Price range0.40%$0.0125 – $0.0126

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Binance logoBinancespot$0.0126Gate logoGate$0.0126 +0.16%-0.04% +0.17%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0126Gate logoGate$0.0126 +0.16%-0.04% +0.17%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.0126Gate logoGate$0.0126 +0.16%-0.04% +0.17%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.0126Gate logoGate$0.0126 +0.08%-0.12% +0.09%— +0.030%— LS Chart →
Gate logoGatespot$0.0126Gate logoGate$0.0126 +0.06%-0.14% +0.07%— +0.030%— LS Chart →
Binance logoBinancespot$0.0126Bybit logoBybit$0.0126 -0.03%-0.23% -0.03%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0126Bybit logoBybit$0.0126 -0.03%-0.23% -0.03%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.0126Bybit logoBybit$0.0126 -0.03%-0.23% -0.03%— +0.030%— LS Chart →
Binance logoBinancespot$0.0126Bitget logoBitget$0.0126 -0.08%-0.28% -0.07%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0126Bitget logoBitget$0.0126 -0.08%-0.28% -0.07%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.0126Bitget logoBitget$0.0126 -0.08%-0.28% -0.07%— +0.030%— LS Chart →
Binance logoBinancespot$0.0126Binance logoBinance$0.0125 -0.09%-0.29% -0.08%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0126Binance logoBinance$0.0125 -0.09%-0.29% -0.08%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.0126Binance logoBinance$0.0125 -0.09%-0.29% -0.08%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.0126Bybit logoBybit$0.0126 -0.11%-0.31% -0.11%— +0.030%— 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.

USUAL price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Gate logoGatePerpetual · USUAL_USDTPerpetual $0.0126$0.0126$0.0126+0.28% +0.030%$7.08M
Bybit logoBybitPerpetual · USUALUSDTPerpetual $0.0126$0.0126$0.0126+0.10% +0.030%$280.3K
Hyperliquid logoHyperliquidPerpetual · USUALPerpetual $0.0125$0.0126$0.0126+0.04% +0.030%$230.2K
Bitget logoBitgetPerpetual · USUALUSDTPerpetual $0.0126$0.0126$0.01260.00% +0.030%$211.3K
MEXC logoMEXCPerpetual · USUAL_USDTPerpetual $0.0125$0.0126$0.0125-0.06% +0.030%$109.6K
KuCoin logoKuCoinPerpetual · USUALUSDTMPerpetual $0.0125$0.0126$0.0125-0.12% +0.030%$47.4K
Gate logoGateSpot · USUAL_USDTSpot $0.0126$0.0126$0.0126+0.08% —$26.6K
KuCoin logoKuCoinSpot · USUAL-USDTSpot $0.0125$0.0126$0.01260.00% —$21.9K
Bitget logoBitgetSpot · USUALUSDTSpot $0.0125$0.0126$0.0126-0.04% —$14.1K
Variational logoVariationalPerpetual · USUALPerpetual $0.0125$0.0126$0.0126+0.12% +0.030%$204
Binance logoBinancePerpetual · USUALUSDTPerpetual $0.0125$0.0126$0.0126-0.02% +0.030%—
Binance logoBinanceSpot · USUALUSDTSpot $0.0126$0.0126$0.01260.00% ——
MEXC logoMEXCSpot · USUALUSDTSpot $0.0125$0.0126$0.0126-0.01% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

USUAL arbitrage explained

Right now Usual (USUAL) trades on 8 venues we scan: 8 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.0126 and the highest bid on Gate perp at $0.0126.

The widest USUAL perpetual spread is between MEXC and Gate: long USUAL on MEXC at $0.0126 and short on Gate at $0.0126 for +0.22% 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 0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best USUAL route is to buy spot on Binance and short the perpetual on Gate: +0.16% gross, -0.04% net, with +0.030% a day of funding on the short leg.

Spot–spot USUAL arbitrage (buy on Binance, withdraw, deposit and sell on Gate) 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 USUAL 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: USUAL funding rates · USUAL spread charts · Usual price · arbitrage scanner for all coins.

Is there a USUAL arbitrage opportunity right now?

The best USUAL route right now is to buy on MEXC → sell on Gate (Perp–Perp): +0.22% gross and +0.06% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest USUAL?

MEXC (perp) has the lowest USUAL ask at $0.0126, and Gate (perp) the highest bid at $0.0126. Prices update every 15 seconds on this page.

How many exchanges list USUAL?

ArbiLayer tracks 13 USUAL markets on 8 venues: 8 perpetual, 5 spot and 0 DEX pools.

How do I arbitrage USUAL without transferring coins?

Use two perpetual contracts: go long USUAL on the cheaper exchange (MEXC 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

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