ArbiLayer

WAVES arbitrage

live

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

Best net spread-0.13%Bybit → Bybit · Spot–Perp
Best perp–perp spread0.00%Variational → Bybit
Markets tracked85 venues · 4 perp · 4 spot · 0 DEX
Price range0.23%$0.2813 – $0.2819

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybitspot$0.2815Bybit logoBybit$0.2817 +0.07%-0.13% +0.08%— +0.030%— LS Chart →
Bybit logoBybitspot$0.2815MEXC logoMEXC$0.2817 +0.07%-0.13% +0.08%— +0.030%— LS Chart →
Gate logoGatespot$0.2816Bybit logoBybit$0.2817 +0.04%-0.16% +0.05%— +0.030%— LS Chart →
Gate logoGatespot$0.2816MEXC logoMEXC$0.2817 +0.04%-0.16% +0.05%— +0.030%— LS Chart →
Bybit logoBybitspot$0.2815KuCoin logoKuCoin$0.2815 0.00%-0.20% +0.01%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.2817Bybit logoBybit$0.2817 0.00%-0.20% +0.01%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.2817MEXC logoMEXC$0.2817 0.00%-0.20% +0.01%— +0.030%— LS Chart →
Gate logoGatespot$0.2816KuCoin logoKuCoin$0.2815 -0.04%-0.24% -0.03%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.2819Bybit logoBybit$0.2817 -0.07%-0.27% -0.06%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.2819MEXC logoMEXC$0.2817 -0.07%-0.27% -0.06%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.2817KuCoin logoKuCoin$0.2815 -0.07%-0.27% -0.06%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.2819KuCoin logoKuCoin$0.2815 -0.14%-0.34% -0.13%— +0.030%— LS Chart →
Bybit logoBybitspot$0.2815Variational logoVariational$0.2808 -0.25%-0.45% -0.24%— +0.030%— LS Chart →
Gate logoGatespot$0.2816Variational logoVariational$0.2808 -0.28%-0.48% -0.27%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.2817Variational logoVariational$0.2808 -0.32%-0.52% -0.31%— +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.

WAVES price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · WAVESUSDTPerpetual $0.2817$0.282$0.2819+0.12% +0.030%$1.19M
Bybit logoBybitSpot · WAVESUSDTSpot $0.2812$0.2815$0.2814-0.05% —$319.5K
MEXC logoMEXCPerpetual · WAVES_USDTPerpetual $0.2817$0.282$0.2819+0.12% +0.030%$109.8K
KuCoin logoKuCoinPerpetual · WAVESUSDTMPerpetual $0.2815$0.2823$0.2819+0.14% +0.030%$63.4K
KuCoin logoKuCoinSpot · WAVES-USDTSpot $0.2813$0.2819$0.2816+0.04% —$36.6K
Gate logoGateSpot · WAVES_USDTSpot $0.2812$0.2816$0.2814-0.04% —$18.8K
Variational logoVariationalPerpetual · WAVESPerpetual $0.2808$0.2817$0.2813-0.09% +0.030%$16.7K
MEXC logoMEXCSpot · WAVESUSDTSpot $0.281$0.2817$0.2814-0.05% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

WAVES arbitrage explained

Right now Waves (WAVES) trades on 5 venues we scan: 4 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Bybit spot at $0.2815 and the highest bid on Bybit perp at $0.2817.

The widest WAVES perpetual spread is between Variational and Bybit: long WAVES on Variational at $0.2817 and short on Bybit at $0.2817 for 0.00% gross, or -0.16% 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 WAVES route is to buy spot on Bybit and short the perpetual on Bybit: +0.07% gross, -0.13% net, with +0.030% a day of funding on the short leg.

Spot–spot WAVES arbitrage (buy on Bybit, withdraw, deposit and sell on KuCoin) shows -0.07% 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 WAVES 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: WAVES funding rates · WAVES spread charts · Waves price · arbitrage scanner for all coins.

Is there a WAVES arbitrage opportunity right now?

The best WAVES route right now is to buy on Bybit spot → sell on Bybit (Spot–Perp): +0.07% gross and -0.13% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest WAVES?

Bybit (spot) has the lowest WAVES ask at $0.2815, and Bybit (perp) the highest bid at $0.2817. Prices update every 15 seconds on this page.

How many exchanges list WAVES?

ArbiLayer tracks 8 WAVES markets on 5 venues: 4 perpetual, 4 spot and 0 DEX pools.

How do I arbitrage WAVES without transferring coins?

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

Arbitrage for other coins

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