# S Arbitrage: Live Price Spreads Across Exchanges

As of 2026-10-03 10:40 UTC, ArbTide tracks S spot and perpetual prices across exchanges. On spot markets, the best route has a -0.03% gross spread, which fees turn into a -0.28% net loss. On perpetual markets, the best route has a 0.18% gross spread, which fees turn into a -0.05% net loss.

## Spot prices by exchange

| Exchange | Market | Bid | Ask | Book spread | 24h volume | Taker fee |
| --- | --- | --- | --- | --- | --- | --- |
| Bitget | [S/USDT](https://www.bitget.com/spot/SUSDT) | 0.03798 | 0.03802 | 0.105% | $69.1K | 0.100% |
| Binance | [S/USDT](https://www.binance.com/en/trade/S_USDT?type=spot) | 0.03803 | 0.03804 | 0.026% | $1.6M | 0.100% |
| Bybit | [S/USDT](https://www.bybit.com/en/trade/spot/S/USDT) | 0.03802 | 0.03804 | 0.053% | $627.3K | 0.100% |
| Gate | [S/USDT](https://www.gate.com/trade/S_USDT) | 0.03803 | 0.03804 | 0.026% | $92.3K | 0.200% |
| KuCoin | [S/USDT](https://www.kucoin.com/trade/S-USDT) | 0.03802 | 0.03804 | 0.053% | $602.2K | 0.100% |
| MEXC | [S/USDT](https://www.mexc.com/exchange/S_USDT) | 0.03803 | 0.03804 | 0.026% | $113.1K | 0.080% |
| XT.COM | [S/USDT](https://www.xt.com/en/trade/s_usdt) | 0.03803 | 0.03804 | 0.026% | $573K | 0.200% |
| Toobit | [S/USDT](https://www.toobit.com/en-US/spot/S_USDT) | 0.03803 | 0.03804 | 0.026% | $278.9K | 0.100% |
| Crypto.com | [S/USD](https://crypto.com/exchange/trade/S_USD) | 0.03801 | 0.03804 | 0.079% | $3.7K | 0.500% |
| Bitstamp | [S/USD](https://www.bitstamp.net/markets/s/usd/) | 0.03801 | 0.038046 | 0.095% | — | 0.400% |
| OKX | [S/USDT](https://www.okx.com/trade-spot/s-usdt) | 0.03803 | 0.03805 | 0.053% | $309.8K | 0.150% |
| CEX.IO | [S/USDT](https://trade.cex.io/spot/S-USDT) | 0.038012 | 0.038056 | 0.116% | $18.9 | 0.100% |
| WhiteBIT | S/USDT | 0.03801 | 0.03806 | 0.131% | $543.7K | 0.100% |
| BingX | [S/USDT](https://bingx.com/en/spot/SUSDT) | 0.03803 | 0.03807 | 0.105% | $82K | 0.100% |
| BTSE | [S/USD](https://www.btse.com/en/trading/S-USD) | 0.03801 | 0.03807 | 0.158% | $331.5K | 0.020% |
| Deepcoin | [S/USDT](https://www.deepcoin.com/en/spot/S-USDT) | 0.03801 | 0.03807 | 0.158% | $38.4K | 0.150% |
| BtcTurk | [S/USDT](https://kripto.btcturk.com/pro/al-sat/S_USDT) | 0.03802 | 0.03808 | 0.158% | $31.3K | 0.090% |
| WEEX | [S/USDT](https://www.weex.com/spot/S-USDT) | 0.03805 | 0.03809 | 0.105% | $65.9K | 0.100% |
| Kraken | [S/USD](https://pro.kraken.com/app/trade/s-usd) | 0.038 | 0.0381 | 0.262% | $144.3K | 0.260% |
| HTX | [S/USDT](https://www.htx.com/trade/s_usdt) | 0.0379 | 0.0382 | 0.785% | $607.8K | 0.200% |
| DigiFinex | [S/USDT](https://www.digifinex.com/en-ww/trade/USDT/S) | 0.038 | 0.0382 | 0.524% | $45.2K | 0.200% |
| BigONE | [S/USDT](https://big.one/en/trade/S-USDT) | 0.03799 | 0.03825 | 0.680% | $126.1K | 0.100% |

### Spot net spread for every exchange pair

Rows are where you buy at the ask, columns are where you sell at the bid; figures are after taker fees on every fill.

| Buy on ↓, sell on → | WEEX | Binance | Gate | MEXC | XT.COM | Toobit | OKX | BingX | Bybit | KuCoin | BtcTurk | CEX.IO | Crypto.com | Bitstamp | WhiteBIT | BTSE | Deepcoin | Kraken | DigiFinex | BigONE | Bitget | HTX |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Bitget | -0.12% | -0.17% | -0.27% | -0.15% | -0.27% | -0.17% | -0.22% | -0.17% | -0.20% | -0.20% | -0.19% | -0.22% | -0.63% | -0.53% | -0.23% | -0.15% | -0.28% | -0.41% | -0.35% | -0.28% | — | -0.62% |
| Binance | -0.17% | — | -0.33% | -0.21% | -0.33% | -0.23% | -0.28% | -0.23% | -0.25% | -0.25% | -0.24% | -0.27% | -0.68% | -0.58% | -0.28% | -0.20% | -0.33% | -0.47% | -0.41% | -0.33% | -0.36% | -0.67% |
| Bybit | -0.17% | -0.23% | -0.33% | -0.21% | -0.33% | -0.23% | -0.28% | -0.23% | — | -0.25% | -0.24% | -0.27% | -0.68% | -0.58% | -0.28% | -0.20% | -0.33% | -0.47% | -0.41% | -0.33% | -0.36% | -0.67% |
| Gate | -0.27% | -0.33% | — | -0.31% | -0.43% | -0.33% | -0.38% | -0.33% | -0.35% | -0.35% | -0.34% | -0.37% | -0.78% | -0.68% | -0.38% | -0.30% | -0.43% | -0.57% | -0.51% | -0.43% | -0.46% | -0.77% |
| KuCoin | -0.17% | -0.23% | -0.33% | -0.21% | -0.33% | -0.23% | -0.28% | -0.23% | -0.25% | — | -0.24% | -0.27% | -0.68% | -0.58% | -0.28% | -0.20% | -0.33% | -0.47% | -0.41% | -0.33% | -0.36% | -0.67% |
| MEXC | -0.15% | -0.21% | -0.31% | — | -0.31% | -0.21% | -0.26% | -0.21% | -0.23% | -0.23% | -0.22% | -0.25% | -0.66% | -0.56% | -0.26% | -0.18% | -0.31% | -0.45% | -0.39% | -0.31% | -0.34% | -0.65% |
| XT.COM | -0.27% | -0.33% | -0.43% | -0.31% | — | -0.33% | -0.38% | -0.33% | -0.35% | -0.35% | -0.34% | -0.37% | -0.78% | -0.68% | -0.38% | -0.30% | -0.43% | -0.57% | -0.51% | -0.43% | -0.46% | -0.77% |
| Toobit | -0.17% | -0.23% | -0.33% | -0.21% | -0.33% | — | -0.28% | -0.23% | -0.25% | -0.25% | -0.24% | -0.27% | -0.68% | -0.58% | -0.28% | -0.20% | -0.33% | -0.47% | -0.41% | -0.33% | -0.36% | -0.67% |
| Crypto.com | -0.57% | -0.63% | -0.73% | -0.61% | -0.73% | -0.63% | -0.68% | -0.63% | -0.65% | -0.65% | -0.64% | -0.67% | — | -0.98% | -0.68% | -0.60% | -0.73% | -0.87% | -0.81% | -0.73% | -0.76% | -1.07% |
| Bitstamp | -0.49% | -0.54% | -0.64% | -0.52% | -0.64% | -0.54% | -0.59% | -0.54% | -0.57% | -0.57% | -0.56% | -0.59% | -0.99% | — | -0.59% | -0.51% | -0.64% | -0.78% | -0.72% | -0.65% | -0.67% | -0.98% |
| OKX | -0.25% | -0.30% | -0.40% | -0.28% | -0.40% | -0.30% | — | -0.30% | -0.33% | -0.33% | -0.32% | -0.35% | -0.76% | -0.66% | -0.36% | -0.28% | -0.41% | -0.54% | -0.48% | -0.41% | -0.43% | -0.74% |
| CEX.IO | -0.22% | -0.27% | -0.37% | -0.25% | -0.37% | -0.27% | -0.32% | -0.27% | -0.29% | -0.29% | -0.28% | — | -0.72% | -0.62% | -0.32% | -0.24% | -0.37% | -0.51% | -0.45% | -0.37% | -0.40% | -0.71% |
| WhiteBIT | -0.23% | -0.28% | -0.38% | -0.26% | -0.38% | -0.28% | -0.33% | -0.28% | -0.31% | -0.31% | -0.30% | -0.33% | -0.73% | -0.63% | — | -0.25% | -0.38% | -0.52% | -0.46% | -0.38% | -0.41% | -0.72% |
| BingX | -0.25% | -0.31% | -0.41% | -0.29% | -0.41% | -0.31% | -0.36% | — | -0.33% | -0.33% | -0.32% | -0.35% | -0.76% | -0.66% | -0.36% | -0.28% | -0.41% | -0.54% | -0.48% | -0.41% | -0.44% | -0.75% |
| BTSE | -0.17% | -0.23% | -0.33% | -0.21% | -0.33% | -0.23% | -0.28% | -0.23% | -0.25% | -0.25% | -0.24% | -0.27% | -0.68% | -0.58% | -0.28% | — | -0.33% | -0.46% | -0.40% | -0.33% | -0.36% | -0.67% |
| Deepcoin | -0.30% | -0.36% | -0.46% | -0.34% | -0.46% | -0.36% | -0.41% | -0.36% | -0.38% | -0.38% | -0.37% | -0.40% | -0.81% | -0.71% | -0.41% | -0.33% | — | -0.59% | -0.53% | -0.46% | -0.49% | -0.80% |
| BtcTurk | -0.27% | -0.32% | -0.42% | -0.30% | -0.42% | -0.32% | -0.37% | -0.32% | -0.35% | -0.35% | — | -0.37% | -0.77% | -0.67% | -0.37% | -0.29% | -0.42% | -0.56% | -0.50% | -0.43% | -0.45% | -0.76% |
| WEEX | — | -0.36% | -0.46% | -0.34% | -0.46% | -0.36% | -0.41% | -0.36% | -0.38% | -0.38% | -0.37% | -0.40% | -0.81% | -0.71% | -0.41% | -0.33% | -0.46% | -0.60% | -0.54% | -0.46% | -0.49% | -0.80% |
| Kraken | -0.49% | -0.54% | -0.64% | -0.52% | -0.64% | -0.54% | -0.59% | -0.54% | -0.57% | -0.57% | -0.56% | -0.59% | -1.00% | -0.90% | -0.60% | -0.52% | -0.65% | — | -0.72% | -0.65% | -0.67% | -0.98% |
| HTX | -0.69% | -0.75% | -0.85% | -0.73% | -0.85% | -0.75% | -0.80% | -0.75% | -0.77% | -0.77% | -0.76% | -0.79% | -1.20% | -1.10% | -0.80% | -0.72% | -0.85% | -0.98% | -0.92% | -0.85% | -0.88% | — |
| DigiFinex | -0.69% | -0.75% | -0.85% | -0.73% | -0.85% | -0.75% | -0.80% | -0.75% | -0.77% | -0.77% | -0.76% | -0.79% | -1.20% | -1.10% | -0.80% | -0.72% | -0.85% | -0.98% | — | -0.85% | -0.88% | -1.19% |
| BigONE | -0.72% | -0.78% | -0.88% | -0.76% | -0.88% | -0.78% | -0.83% | -0.78% | -0.80% | -0.80% | -0.79% | -0.82% | -1.23% | -1.13% | -0.83% | -0.75% | -0.88% | -1.01% | -0.95% | — | -0.91% | -1.22% |

## Perpetual prices by exchange

| Exchange | Market | Bid | Ask | Book spread | 24h volume | Taker fee |
| --- | --- | --- | --- | --- | --- | --- |
| WhiteBIT | [S/USDT:USDT](https://whitebit.com/trade/S-PERP?type=futures) | 0.03769 | 0.0379 | 0.554% | $3.6M | 0.055% |
| Gate | [S/USDT:USDT](https://www.gate.com/futures/USDT/S_USDT) | 0.0379 | 0.03793 | 0.079% | $60.5K | 0.050% |
| Extended | [S/USDC:USDC](https://app.extended.exchange/perp/S-USD) | 0.03792 | 0.03795 | 0.079% | $84K | 0.200% |
| Binance | [S/USDT:USDT](https://www.binance.com/en/futures/SUSDT) | 0.03795 | 0.03796 | 0.026% | $5.1M | 0.050% |
| MEXC | [S/USDT:USDT](https://www.mexc.com/futures/S_USDT) | 0.03795 | 0.03796 | 0.026% | $866.7K | 0.020% |
| WEEX | [S/USDT:USDT](https://www.weex.com/futures/S-USDT) | 0.03794 | 0.03796 | 0.053% | $154.1K | 0.080% |
| Toobit | [S/USDT:USDT](https://www.toobit.com/en-US/futures/S-SWAP-USDT) | 0.03795 | 0.03796 | 0.026% | $695.4K | 0.100% |
| Bybit | [S/USDT:USDT](https://www.bybit.com/trade/usdt/SUSDT) | 0.03795 | 0.03797 | 0.053% | $1.9M | 0.060% |
| OKX | [S/USDT:USDT](https://www.okx.com/trade-swap/s-usdt-swap) | 0.03796 | 0.03797 | 0.026% | $1M | 0.050% |
| XT.COM | [S/USDT:USDT](https://www.xt.com/en/futures/trade/s_usdt) | 0.03794 | 0.03797 | 0.079% | $754.6K | 0.060% |
| Deepcoin | [S/USDT:USDT](https://www.deepcoin.com/en/swap/S-USDT) | 0.03795 | 0.03797 | 0.053% | $2.1M | 0.150% |
| Bitget | [S/USDT:USDT](https://www.bitget.com/futures/usdt/SUSDT) | 0.03794 | 0.03798 | 0.105% | $944.2K | 0.060% |
| KuCoin | [S/USDT:USDT](https://www.kucoin.com/trade/futures/SUSDTM) | 0.03797 | 0.03798 | 0.026% | $3.8M | 0.060% |
| BingX | [S/USDT:USDT](https://bingx.com/en/perpetual/S-USDT) | 0.03794 | 0.03798 | 0.105% | $6.6M | 0.050% |
| Aster | [S/USDT:USDT](https://www.asterdex.com/en/trade/pro/futures/SUSDT) | 0.03793 | 0.03798 | 0.132% | $6.3K | 0.035% |
| BTSE | [S/USDT:USDT](https://www.btse.com/en/futures/S-PERP) | 0.03791 | 0.03799 | 0.211% | $183.8K | 0.055% |
| WOOFi Pro | [S/USDC:USDC](https://pro.woofi.com/en/trade/S_PERP) | 0.03794 | 0.03801 | 0.184% | $1.9M | 0.050% |
| Hyperliquid | [S/USDC:USDC](https://app.hyperliquid.xyz/trade/S) | 0.03794 | 0.038014 | 0.195% | $349.9K | 0.045% |
| Crypto.com | [S/USD:USD](https://crypto.com/exchange/trade/SUSD-PERP) | 0.03802 | 0.03803 | 0.026% | $200 | 0.500% |

### Perpetual net spread for every exchange pair

Rows are where you buy at the ask, columns are where you sell at the bid; figures are after taker fees on every fill.

| Buy on ↓, sell on → | Crypto.com | KuCoin | OKX | Binance | MEXC | Toobit | Bybit | Deepcoin | WEEX | XT.COM | Bitget | BingX | WOOFi Pro | Hyperliquid | Aster | Extended | BTSE | Gate | WhiteBIT |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| WhiteBIT | -0.79% | -0.05% | -0.05% | -0.08% | -0.02% | -0.18% | -0.10% | -0.28% | -0.16% | -0.12% | -0.12% | -0.10% | -0.10% | -0.09% | -0.10% | -0.46% | -0.19% | -0.21% | — |
| Gate | -0.86% | -0.11% | -0.12% | -0.15% | -0.09% | -0.25% | -0.17% | -0.35% | -0.23% | -0.19% | -0.19% | -0.17% | -0.17% | -0.16% | -0.17% | -0.53% | -0.26% | — | -0.84% |
| Extended | -1.22% | -0.47% | -0.47% | -0.50% | -0.44% | -0.60% | -0.52% | -0.70% | -0.59% | -0.55% | -0.55% | -0.53% | -0.53% | -0.52% | -0.52% | — | -0.62% | -0.63% | -1.20% |
| Binance | -0.94% | -0.19% | -0.20% | — | -0.17% | -0.33% | -0.25% | -0.43% | -0.31% | -0.27% | -0.27% | -0.25% | -0.25% | -0.24% | -0.25% | -0.61% | -0.34% | -0.36% | -0.92% |
| MEXC | -0.88% | -0.13% | -0.14% | -0.17% | — | -0.27% | -0.19% | -0.37% | -0.25% | -0.21% | -0.21% | -0.19% | -0.19% | -0.18% | -0.19% | -0.55% | -0.28% | -0.30% | -0.86% |
| WEEX | -1.00% | -0.25% | -0.26% | -0.29% | -0.23% | -0.39% | -0.31% | -0.49% | — | -0.33% | -0.33% | -0.31% | -0.31% | -0.30% | -0.31% | -0.67% | -0.40% | -0.42% | -0.98% |
| Toobit | -1.04% | -0.29% | -0.30% | -0.33% | -0.27% | — | -0.35% | -0.53% | -0.41% | -0.37% | -0.37% | -0.35% | -0.35% | -0.34% | -0.35% | -0.71% | -0.44% | -0.46% | -1.02% |
| Bybit | -0.99% | -0.24% | -0.25% | -0.27% | -0.21% | -0.37% | — | -0.47% | -0.36% | -0.32% | -0.32% | -0.30% | -0.30% | -0.29% | -0.30% | -0.65% | -0.39% | -0.40% | -0.97% |
| OKX | -0.97% | -0.22% | — | -0.25% | -0.19% | -0.35% | -0.27% | -0.45% | -0.34% | -0.30% | -0.30% | -0.28% | -0.28% | -0.27% | -0.28% | -0.63% | -0.37% | -0.38% | -0.95% |
| XT.COM | -0.99% | -0.24% | -0.25% | -0.27% | -0.21% | -0.37% | -0.29% | -0.47% | -0.36% | — | -0.32% | -0.30% | -0.30% | -0.29% | -0.30% | -0.65% | -0.39% | -0.40% | -0.97% |
| Deepcoin | -1.17% | -0.42% | -0.43% | -0.45% | -0.39% | -0.55% | -0.47% | — | -0.54% | -0.50% | -0.50% | -0.48% | -0.48% | -0.47% | -0.48% | -0.83% | -0.57% | -0.58% | -1.15% |
| Bitget | -1.01% | -0.27% | -0.27% | -0.30% | -0.24% | -0.40% | -0.32% | -0.50% | -0.39% | -0.35% | — | -0.33% | -0.33% | -0.32% | -0.32% | -0.68% | -0.41% | -0.43% | -0.99% |
| KuCoin | -1.01% | — | -0.27% | -0.30% | -0.24% | -0.40% | -0.32% | -0.50% | -0.39% | -0.35% | -0.35% | -0.33% | -0.33% | -0.32% | -0.32% | -0.68% | -0.41% | -0.43% | -0.99% |
| BingX | -0.99% | -0.25% | -0.25% | -0.28% | -0.22% | -0.38% | -0.30% | -0.48% | -0.37% | -0.33% | -0.33% | — | -0.31% | -0.30% | -0.30% | -0.66% | -0.39% | -0.41% | -0.97% |
| Aster | -0.96% | -0.22% | -0.22% | -0.25% | -0.19% | -0.35% | -0.27% | -0.45% | -0.34% | -0.30% | -0.30% | -0.28% | -0.28% | -0.27% | — | -0.63% | -0.36% | -0.38% | -0.94% |
| BTSE | -1.03% | -0.28% | -0.29% | -0.32% | -0.26% | -0.42% | -0.34% | -0.52% | -0.40% | -0.36% | -0.36% | -0.34% | -0.34% | -0.33% | -0.34% | -0.69% | — | -0.45% | -1.01% |
| WOOFi Pro | -1.07% | -0.33% | -0.33% | -0.36% | -0.30% | -0.46% | -0.38% | -0.56% | -0.44% | -0.40% | -0.40% | -0.38% | — | -0.37% | -0.38% | -0.74% | -0.47% | -0.49% | -1.05% |
| Hyperliquid | -1.07% | -0.33% | -0.33% | -0.36% | -0.30% | -0.46% | -0.38% | -0.56% | -0.44% | -0.40% | -0.40% | -0.38% | -0.38% | — | -0.38% | -0.74% | -0.47% | -0.49% | -1.05% |
| Crypto.com | — | -1.28% | -1.28% | -1.31% | -1.25% | -1.41% | -1.33% | -1.51% | -1.40% | -1.36% | -1.36% | -1.34% | -1.34% | -1.33% | -1.33% | -1.69% | -1.43% | -1.44% | -2.00% |

## Frequently asked questions

### Is there a S arbitrage opportunity right now?

No. The best S routes do not cover taker fees at the moment.

### Which exchange has the cheapest S?

Lowest ask price: Spot: Bitget at 0.03802; Perpetual: WhiteBIT at 0.0379.

### How is the net spread calculated?

Net spread = (best bid on the sell exchange − best ask on the buy exchange) ÷ best ask − taker fees. Spot routes pay one taker fee per exchange. Perpetual routes pay two per exchange, to open and to close. Max profit is read from both order books, so it includes slippage, and spot routes also subtract the withdrawal fee.