ArbiLayer

Stocks & TradFi on crypto exchanges

Stock perps and tokenized stocks trading 24/7 on crypto venues, compared with the US market price. US market closed — crypto venues still trading

AssetUS pricePerp / spotCrypto premiumWidest gapCheapest → dearest
CRCLCRCLCircle$84.51+4.54%35 / 31+0.26%+1.48%RISEx → ParadexMSTRMSTRStrategy (MicroStrategy)$154.34+1.89%35 / 27+0.11%+12.29%CEX.IO → NadoTSLATSLATesla$382.70+2.05%34 / 32+0.04%+1.70%Paradex → Crypto.com ExchangeGOOGGOOGLAlphabet (Class A)$351.66+0.97%34 / 29+0.13%+4.26%Toobit → PhemexMETAMETAMeta Platforms$718.67-0.31%34 / 26+0.13%+0.71%LBank → PhemexNVDANVDANVIDIA$229.28-0.52%33 / 29+0.28%+2.99%WEEX → ParadexMUMUMicron Technology$1,029.00-0.66%34 / 14-0.13%+9.84%Paradex → LBankAAPLAAPLApple$336.64-1.11%31 / 30+0.12%+0.66%Lighter → WEEXINTCINTCIntel$104.70-2.22%33 / 14-0.14%+10.72%Toobit → ParadexAMZNAMZNAmazon$262.43+3.29%30 / 26+0.09%+0.66%Phemex → LBankHOODHOODRobinhood$109.02+1.88%29 / 27+0.21%+0.81%WEEX → HTXQQQQQQInvesco QQQ (Nasdaq-100)$751.27+0.49%31 / 28+0.24%+0.54%WEEX → BigONESPYSPYSPDR S&P 500 ETF$778.57+0.60%32 / 25+0.31%+2.63%Toobit → BingXCOINCOINCoinbase$179.39+4.30%28 / 26+0.50%+1.16%—AMDAMDAMD$608.10-2.03%31 / 18+0.01%+1.14%Arcus Futures → NadoMSFTMSFTMicrosoft$535.07+2.38%31 / 17-0.03%+8.08%Toobit → PhemexNBISNBISNebius$221.07+0.62%32 / 12+0.41%+2.29%Crypto.com Exchange → ToobitPLTRPLTRPalantir$209.05+5.17%29 / 17-0.40%+0.53%Lighter → WEEXAVGOAVGOBroadcom$361.54+0.39%28 / 21+0.55%+2.09%WEEX → XT.COMSOXLSOXLDirexion Semiconductor Bull 3x$139.76-1.94%30 / 10-0.16%+10.19%Toobit → MEXCTSMTSMTSMC$453.31-1.02%29 / 11+0.06%+5.09%Toobit → LBankEWYEWYiShares MSCI South Korea$177.24+0.54%28 / 10+0.31%+8.40%Paradex → ToobitORCLORCLOracle$141.40+4.59%28 / 9+0.09%+5.31%Nado → WEEXBMNRBMNRBitMine Immersion$24.03-0.04%27 / 10+0.27%+1.08%WhiteBIT → AsterCRWVCRWVCoreWeave$82.08+0.61%27 / 10+0.44%+0.58%WEEX → WhiteBITLLYLLYEli Lilly$1,179.27+0.83%25 / 15-0.09%+1.87%Nado → BingXARMARMArm Holdings$266.28-3.27%26 / 10+0.05%+5.57%Toobit → Crypto.com ExchangeASMLASMLASML$1,780.34+0.60%26 / 8+0.37%+2.48%WEEX → Crypto.com ExchangeBABABABAAlibaba$111.37+5.36%23 / 15+0.09%+3.25%Crypto.com Exchange → ToobitIBMIBMIBM$227.13+0.23%26 / 9+0.26%+3.59%Crypto.com Exchange → ToobitNFLXNFLXNetflix$70.30-1.77%27 / 6+0.23%+2.00%WEEX → ExtendedQCOMQCOMQualcomm$175.50-0.29%26 / 10+0.20%+5.41%Toobit → WEEXIRENIRENIREN$35.19-1.46%24 / 9+0.38%+2.23%Aster → LBankSMCISMCISuper Micro Computer$41.86-2.14%22 / 9+0.16%+5.86%LBank → ExtendedCOSTCOSTCostco$946.92-0.11%23 / 5-0.00%+1.33%Aster → WEEXHIMSHIMSHims & Hers$30.92+10.19%23 / 8+0.04%+1.62%OKX → Crypto.com ExchangeTQQQTQQQProShares UltraPro QQQ$81.28+1.31%22 / 9+0.26%+1.58%Crypto.com Exchange → WEEXADBEADBEAdobe$242.27+0.51%21 / 8+0.02%+0.45%LBank → WhiteBITIWMIWMiShares Russell 2000$278.94+0.49%23 / 2+0.11%+0.64%Crypto.com Exchange → AsterCRMCRMSalesforce$229.13+0.58%21 / 6+0.11%+0.88%Gate → LBankWMTWMTWalmart$111.35+0.71%21 / 4-0.24%+8.53%WEEX → MEXCJPMJPMJPMorgan Chase$332.99+0.47%19 / 10+0.63%+1.86%WEEX → LBankRIVNRIVNRivian$13.96-2.58%20 / 4+0.38%+4.15%HTX → AsterDKNGDKNGDraftKings$19.58-1.46%21 / 1-0.16%+1.51%Gate → BTSEGMEGMEGameStop$26.56+5.06%18 / 7+0.31%+2.81%Crypto.com Exchange → MEXCMARAMARAMARA Holdings$9.65-2.62%19 / 4+0.32%+2.81%Extended → KuCoinIONQIONQIonQ$39.89+1.12%18 / 5+0.09%+0.40%Crypto.com Exchange → KuCoinMCDMCDMcDonald's$235.23-0.70%16 / 16+1.13%+2.90%WEEX → BybitOKLOOKLOOklo$34.70+0.38%18 / 5-0.05%+1.16%WEEX → GateSHOPSHOPShopify$170.85+3.82%18 / 4-0.18%+1.72%Extended → HTXUNHUNHUnitedHealth$379.30+2.25%16 / 9+0.77%+2.78%XT.COM → BingXXOMXOMExxon Mobil$168.94+0.26%18 / 5+0.23%+2.11%Bitrue → WEEXGSGSGoldman Sachs$895.32+1.44%17 / 5+0.19%+0.40%WEEX → MEXCKOKOCoca-Cola$88.05+0.32%17 / 7+0.55%+4.50%XT.COM → LBankRDDTRDDTReddit$159.91+2.20%18 / 6-0.07%+0.50%Ourbit → GateSNOWSNOWSnowflake$368.89+7.42%17 / 5-0.04%+0.84%WEEX → MEXCUBERUBERUber$71.51+1.81%17 / 4-0.10%+0.56%WEEX → BitgetVVVisa$385.45+2.76%18 / 1+0.06%+0.38%Aster → KuCoinAPPAPPAppLovin$277.04-1.10%18 / 1+0.31%+2.68%Pionex → MEXCPYPLPYPLPayPal$55.53+0.93%15 / 6+0.03%+1.53%Crypto.com Exchange → MEXCNKENKENike$34.71-0.09%16 / 4+0.32%+3.34%Bitunix → WEEXSOFISOFISoFi$15.80+1.22%15 / 4-0.01%+3.24%Extended → MEXCDISDISDisney$108.05+0.96%14 / 3+0.15%+1.18%Gate → MEXCAMCAMCAMC Entertainment$2.98+3.47%14 / 2-0.41%+3.33%Crypto.com Exchange → OurbitCVNACVNACarvana$63.73+0.84%13 / 2+0.34%+0.61%WEEX → BybitPEPPEPPepsiCo$125.97-1.85%9 / 7+1.41%+4.06%—SLVSLViShares Silver Trust$54.78+2.49%3 / 13+0.15%+0.94%Gate → MEXCCVXCVXChevron$211.98+0.20%7 / 6+1.34%+2.89%WEEX → MEXCMAMAMastercard$589.14+2.66%5 / 10+0.31%+0.93%Bybit → DigiFinexSOXXSOXXiShares Semiconductor ETF$559.40-0.69%10 / 3+0.22%+0.28%WEEX → ToobitTLTTLTiShares 20+ Year Treasury$77.98+0.14%8 / 5+1.20%+4.90%WEEX → GateBACBACBank of America$54.32+1.32%8 / 2+0.53%+0.97%Bitget → MEXCUSOUSOUnited States Oil Fund$148.20+0.42%5 / 5-0.14%+0.65%OKX → OurbitBABABoeing$190.37+1.40%5 / 4+0.19%+1.00%WEEX → BitrueCLSKCLSKCleanSpark$10.50-1.27%7 / 0+0.03%+0.86%Extended → MEXCGLDGLDSPDR Gold Shares$384.58+1.57%3 / 7-0.04%+0.48%—JNJJNJJohnson & Johnson$261.44+1.93%6 / 1+0.09%+0.20%Gate → KCEXQBTSQBTSD-Wave Quantum$14.57-0.21%5 / 4+0.03%+0.86%WEEX → MEXCABNBABNBAirbnb$165.87+1.62%5 / 3-0.28%+1.39%Extended → MEXCCIFRCIFRCipher Mining$13.52+0.15%6 / 0-0.04%+1.88%Gate → HTXRGTIRGTIRigetti Computing$14.03-0.78%5 / 3+0.12%+1.08%KuCoin → BitgetRIOTRIOTRiot Platforms$16.89+0.27%5 / 3+0.50%+1.55%WEEX → BybitSPOTSPOTSpotify$529.14+0.52%5 / 3-0.09%+0.36%Ourbit → WEEXIBITIBITiShares Bitcoin Trust$46.55+0.63%5 / 0+0.39%+0.92%Bybit → HTXNIONIONIO$3.58+4.99%4 / 1+0.35%+0.67%Pionex → BitgetPFEPFEPfizer$28.28+1.65%3 / 1-0.10%+0.24%Gate → MEXCSBETSBETSharpLink Gaming$8.59-2.50%0 / 5+0.39%+0.54%—ARKKARKKARK Innovation ETF$89.62+2.31%3 / 0+0.26%+0.37%MEXC → BybitSMRSMRNuScale Power$7.20-1.64%2 / 1-0.07%+0.15%MEXC → PionexDIADIASPDR Dow Jones ETF$516.11+0.87%1 / 0-0.11%——FFFord$12.17-0.65%0 / 1-0.08%——GLXYGLXYGalaxy Digital$20.33+1.22%1 / 0+0.34%——RBLXRBLXRoblox$48.09+5.65%1 / 0+0.08%——
Crypto premium = average price on crypto venues vs the latest US market price (last close when the market is closed). Quotes more than 12% away are ignored, so unrelated tokens with the same ticker don't show up.Not investment advice.

Trading stocks on crypto exchanges

Crypto exchanges now list two kinds of stock exposure. Stock perps are perpetual futures that follow a share price with leverage and funding. Tokenized stocks are spot tokens backed by real shares held by an issuer. Both trade around the clock, which is where the opportunity and the risk sit: on weekends and overnight the crypto price moves on news while the US market is closed, and it snaps back to the real price at the next open.

The table compares every venue's price with the latest US price. A large premium on a weekend usually means the market expects a gap at Monday's open; a large gap between two crypto venues is a potential arbitrage trade, with the usual checks on fees, depth and funding.

Can I trade stocks on crypto exchanges?

Yes. Many crypto exchanges list perpetual futures that track US stocks and ETFs, and some also list tokenized stocks (for example xStocks, Ondo or Robinhood stock tokens) on spot. They trade 24/7, settle in USDT or USDC and do not give you ownership of the share.

Why is the price on crypto exchanges different from Nasdaq?

When the US market is closed, crypto venues keep trading and price in news and futures moves; the gap to the last close is the premium shown here. During market hours arbitrage keeps prices within a few tenths of a percent.

What is a stock perp?

A perpetual futures contract that follows a stock's price, with leverage and a funding rate instead of an expiry date. Funding keeps the perp close to the reference price.

Read more

TradFi in crypto: tokenized stocks and stock perpsWhat happens to stock futures when Nasdaq closesArcus reviewRobinhood Chain overview