ArbiLayer

YB arbitrage

live

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

Best net spread+0.02%OKX → Gate · Perp–Perp
Best perp–perp spread+0.18%OKX → Gate
Markets tracked169 venues · 9 perp · 7 spot · 0 DEX
Price range0.32%$0.0794 – $0.0797

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Binance logoBinancespot$0.0796OKX logoOKXspot$0.0796 -0.05%-0.25% -0.05%— 0.000%— LS Chart →
Bybit logoBybitspot$0.0796OKX logoOKXspot$0.0796 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
Binance logoBinancespot$0.0796Gate logoGatespot$0.0795 -0.10%-0.30% -0.10%— 0.000%— LS Chart →
Binance logoBinancespot$0.0796MEXC logoMEXCspot$0.0795 -0.10%-0.30% -0.10%— 0.000%— LS Chart →
Binance logoBinancespot$0.0796Bybit logoBybitspot$0.0795 -0.11%-0.31% -0.11%— 0.000%— LS Chart →
Bybit logoBybitspot$0.0796Gate logoGatespot$0.0795 -0.13%-0.33% -0.13%— 0.000%— LS Chart →
Bybit logoBybitspot$0.0796MEXC logoMEXCspot$0.0795 -0.13%-0.33% -0.13%— 0.000%— LS Chart →
Binance logoBinancespot$0.0796Bitget logoBitgetspot$0.0795 -0.13%-0.33% -0.13%— 0.000%— LS Chart →
OKX logoOKXspot$0.0796Gate logoGatespot$0.0795 -0.14%-0.34% -0.14%— 0.000%— LS Chart →
OKX logoOKXspot$0.0796MEXC logoMEXCspot$0.0795 -0.14%-0.34% -0.14%— 0.000%— LS Chart →
Gate logoGatespot$0.0797OKX logoOKXspot$0.0796 -0.15%-0.35% -0.15%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0797OKX logoOKXspot$0.0796 -0.15%-0.35% -0.15%— 0.000%— LS Chart →
OKX logoOKXspot$0.0796Bybit logoBybitspot$0.0795 -0.15%-0.35% -0.15%— 0.000%— LS Chart →
Bybit logoBybitspot$0.0796Binance logoBinancespot$0.0795 -0.15%-0.35% -0.15%— 0.000%— LS Chart →
Bybit logoBybitspot$0.0796Bitget logoBitgetspot$0.0795 -0.15%-0.35% -0.15%— 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.

YB price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Gate logoGatePerpetual · YB_USDTPerpetual $0.0796$0.0797$0.0797+0.07% +0.030%$204.8K
OKX logoOKXPerpetual · YB-USDT-SWAPPerpetual $0.0794$0.0795$0.0794-0.19% +0.024%$192.8K
MEXC logoMEXCPerpetual · YB_USDTPerpetual $0.0794$0.0795$0.0794-0.18% +0.030%$105.2K
Bybit logoBybitPerpetual · YBUSDTPerpetual $0.0795$0.0797$0.0796-0.00% +0.030%$94.4K
Bitget logoBitgetPerpetual · YBUSDTPerpetual $0.0795$0.0796$0.0795-0.09% +0.030%$84.3K
OKX logoOKXSpot · YB-USDTSpot $0.0796$0.0796$0.0796+0.00% —$21.1K
Gate logoGateSpot · YB_USDTSpot $0.0795$0.0797$0.0796+0.01% —$16.3K
KuCoin logoKuCoinPerpetual · YBUSDTMPerpetual $0.0795$0.0798$0.0797+0.07% +0.030%$14.2K
KuCoin logoKuCoinSpot · YB-USDTSpot $0.0794$0.0799$0.0797+0.07% —$5.1K
Bybit logoBybitSpot · YBUSDTSpot $0.0795$0.0796$0.0796-0.03% —$4.9K
Bitget logoBitgetSpot · YBUSDTSpot $0.0795$0.0797$0.0796+0.01% —$4.7K
Variational logoVariationalPerpetual · YBPerpetual $0.0795$0.0799$0.0797+0.13% +0.030%$3.9K
Binance logoBinancePerpetual · YBUSDTPerpetual $0.0795$0.0796$0.0795-0.07% +0.030%—
Aster logoAsterPerpetual · YBUSDTPerpetual $0.0794$0.0797$0.0796-0.03% +0.030%—
Binance logoBinanceSpot · YBUSDTSpot $0.0795$0.0796$0.0796-0.05% ——
MEXC logoMEXCSpot · YBUSDTSpot $0.0795$0.0797$0.0796+0.01% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

YB arbitrage explained

Right now Yield Basis (YB) trades on 9 venues we scan: 9 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $0.0795 and the highest bid on Gate perp at $0.0796.

The widest YB perpetual spread is between OKX and Gate: long YB on OKX at $0.0795 and short on Gate at $0.0796 for +0.18% gross, or +0.02% 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 +0.006% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best YB route is to buy spot on Binance and short the perpetual on Gate: 0.00% gross, -0.20% net, with +0.030% a day of funding on the short leg.

Spot–spot YB arbitrage (buy on Binance, withdraw, deposit and sell on OKX) shows -0.05% 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 YB 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: YB funding rates · YB spread charts · Yield Basis price · arbitrage scanner for all coins.

Is there a YB arbitrage opportunity right now?

The best YB route right now is to buy on OKX → sell on Gate (Perp–Perp): +0.18% gross and +0.02% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest YB?

OKX (perp) has the lowest YB ask at $0.0795, and Gate (perp) the highest bid at $0.0796. Prices update every 15 seconds on this page.

How many exchanges list YB?

ArbiLayer tracks 16 YB markets on 9 venues: 9 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage YB without transferring coins?

Use two perpetual contracts: go long YB on the cheaper exchange (OKX 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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