# W Arbitrage: Live Price Spreads Across Exchanges

As of 2026-10-03 16:44 UTC, ArbTide tracks W spot and perpetual prices across exchanges. On spot markets, the best route has a 0.12% gross spread, which fees turn into a -0.18% net loss. On perpetual markets, you can buy W on Bybit at 0.01379 and sell on Hyperliquid at 0.01382, a 0.01% net spread after 0.21% in taker fees.

## Spot prices by exchange

| Exchange | Market | Bid | Ask | Book spread | 24h volume | Taker fee |
| --- | --- | --- | --- | --- | --- | --- |
| DigiFinex | [W/USDT](https://www.digifinex.com/en-ww/trade/USDT/W) | 0.0137 | 0.0138 | 0.725% | $123.5K | 0.200% |
| Crypto.com | [W/USD](https://crypto.com/exchange/trade/W_USD) | 0.013813 | 0.013819 | 0.043% | $119.1K | 0.500% |
| Kraken | [W/USD](https://pro.kraken.com/app/trade/w-usd) | 0.0138 | 0.01382 | 0.145% | $227.3K | 0.260% |
| Toobit | [W/USDT](https://www.toobit.com/en-US/spot/W_USDT) | 0.01381 | 0.01382 | 0.072% | $192.3K | 0.100% |
| Gate | [W/USDT](https://www.gate.com/trade/W_USDT) | 0.013812 | 0.013821 | 0.065% | $243K | 0.200% |
| MEXC | [W/USDT](https://www.mexc.com/exchange/W_USDT) | 0.013809 | 0.013821 | 0.087% | $384.5K | 0.080% |
| OKX | [W/USDT](https://www.okx.com/trade-spot/w-usdt) | 0.013812 | 0.013823 | 0.080% | $728.1K | 0.150% |
| XT.COM | [W/USDT](https://www.xt.com/en/trade/w_usdt) | 0.013812 | 0.013825 | 0.094% | $146.1K | 0.200% |
| Deepcoin | [W/USDT](https://www.deepcoin.com/en/spot/W-USDT) | 0.01381 | 0.013825 | 0.108% | $10.6K | 0.150% |
| WEEX | [W/USDT](https://www.weex.com/spot/W-USDT) | 0.013813 | 0.013827 | 0.101% | $28.7K | 0.100% |
| Binance | [W/USDT](https://www.binance.com/en/trade/W_USDT?type=spot) | 0.01381 | 0.01383 | 0.145% | $1.2M | 0.100% |
| Bybit | [W/USDT](https://www.bybit.com/en/trade/spot/W/USDT) | 0.013816 | 0.01383 | 0.101% | $567.8K | 0.100% |
| Bitget | [W/USDT](https://www.bitget.com/spot/WUSDT) | 0.01381 | 0.01383 | 0.145% | $107.7K | 0.100% |
| KuCoin | [W/USDT](https://www.kucoin.com/trade/W-USDT) | 0.01381 | 0.01383 | 0.145% | $135.9K | 0.100% |
| BtcTurk | [W/USDT](https://kripto.btcturk.com/pro/al-sat/W_USDT) | 0.01379 | 0.01383 | 0.289% | $13.3K | 0.090% |
| BingX | [W/USDT](https://bingx.com/en/spot/WUSDT) | 0.0138 | 0.01384 | 0.289% | $78.3K | 0.100% |
| WhiteBIT | W/USDT | 0.0138 | 0.01384 | 0.289% | $176.6K | 0.100% |
| BTSE | [W/USD](https://www.btse.com/en/trading/W-USD) | 0.0138 | 0.01384 | 0.289% | $467.7K | 0.020% |
| Bitstamp | [W/USD](https://www.bitstamp.net/markets/w/usd/) | 0.013795 | 0.013845 | 0.361% | $605.7 | 0.400% |
| Revolut X | [W/USD](https://exchange.revolut.com/trade/W-USD) | 0.013741 | 0.013886 | 1.044% | $654 | 0.090% |
| HTX | [W/USDT](https://www.htx.com/trade/w_usdt) | 0.0137 | 0.0139 | 1.439% | $169.9 | 0.200% |

### 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 → | Bybit | Crypto.com | WEEX | Gate | OKX | XT.COM | Toobit | Deepcoin | Binance | Bitget | KuCoin | MEXC | Kraken | BingX | WhiteBIT | BTSE | Bitstamp | BtcTurk | Revolut X | DigiFinex | HTX |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| DigiFinex | -0.18% | -0.61% | -0.21% | -0.31% | -0.26% | -0.31% | -0.23% | -0.28% | -0.23% | -0.23% | -0.23% | -0.21% | -0.46% | -0.30% | -0.30% | -0.22% | -0.64% | -0.36% | -0.72% | — | -1.12% |
| Crypto.com | -0.62% | — | -0.64% | -0.75% | -0.70% | -0.75% | -0.67% | -0.72% | -0.67% | -0.67% | -0.67% | -0.65% | -0.90% | -0.74% | -0.74% | -0.66% | -1.07% | -0.80% | -1.15% | -1.56% | -1.56% |
| Kraken | -0.39% | -0.81% | -0.41% | -0.52% | -0.47% | -0.52% | -0.43% | -0.48% | -0.43% | -0.43% | -0.43% | -0.42% | — | -0.50% | -0.50% | -0.42% | -0.84% | -0.57% | -0.92% | -1.33% | -1.33% |
| Toobit | -0.23% | -0.65% | -0.25% | -0.36% | -0.31% | -0.36% | — | -0.32% | -0.27% | -0.27% | -0.27% | -0.26% | -0.50% | -0.34% | -0.34% | -0.26% | -0.68% | -0.41% | -0.76% | -1.17% | -1.17% |
| Gate | -0.34% | -0.76% | -0.36% | — | -0.42% | -0.47% | -0.38% | -0.43% | -0.38% | -0.38% | -0.38% | -0.37% | -0.61% | -0.45% | -0.45% | -0.37% | -0.79% | -0.51% | -0.87% | -1.28% | -1.28% |
| MEXC | -0.22% | -0.64% | -0.24% | -0.35% | -0.30% | -0.35% | -0.26% | -0.31% | -0.26% | -0.26% | -0.26% | — | -0.49% | -0.33% | -0.33% | -0.25% | -0.67% | -0.39% | -0.75% | -1.16% | -1.16% |
| OKX | -0.30% | -0.72% | -0.32% | -0.43% | — | -0.43% | -0.34% | -0.39% | -0.34% | -0.34% | -0.34% | -0.33% | -0.58% | -0.42% | -0.42% | -0.34% | -0.75% | -0.48% | -0.83% | -1.24% | -1.24% |
| XT.COM | -0.37% | -0.79% | -0.39% | -0.49% | -0.44% | — | -0.41% | -0.46% | -0.41% | -0.41% | -0.41% | -0.40% | -0.64% | -0.48% | -0.48% | -0.40% | -0.82% | -0.54% | -0.90% | -1.30% | -1.30% |
| Deepcoin | -0.32% | -0.74% | -0.34% | -0.44% | -0.39% | -0.44% | -0.36% | — | -0.36% | -0.36% | -0.36% | -0.35% | -0.59% | -0.43% | -0.43% | -0.35% | -0.77% | -0.49% | -0.85% | -1.25% | -1.25% |
| WEEX | -0.28% | -0.70% | — | -0.41% | -0.36% | -0.41% | -0.32% | -0.37% | -0.32% | -0.32% | -0.32% | -0.31% | -0.56% | -0.40% | -0.40% | -0.32% | -0.73% | -0.46% | -0.81% | -1.22% | -1.22% |
| Binance | -0.30% | -0.72% | -0.32% | -0.43% | -0.38% | -0.43% | -0.34% | -0.39% | — | -0.34% | -0.34% | -0.33% | -0.58% | -0.42% | -0.42% | -0.34% | -0.75% | -0.48% | -0.83% | -1.24% | -1.24% |
| Bybit | — | -0.72% | -0.32% | -0.43% | -0.38% | -0.43% | -0.34% | -0.39% | -0.34% | -0.34% | -0.34% | -0.33% | -0.58% | -0.42% | -0.42% | -0.34% | -0.75% | -0.48% | -0.83% | -1.24% | -1.24% |
| Bitget | -0.30% | -0.72% | -0.32% | -0.43% | -0.38% | -0.43% | -0.34% | -0.39% | -0.34% | — | -0.34% | -0.33% | -0.58% | -0.42% | -0.42% | -0.34% | -0.75% | -0.48% | -0.83% | -1.24% | -1.24% |
| KuCoin | -0.30% | -0.72% | -0.32% | -0.43% | -0.38% | -0.43% | -0.34% | -0.39% | -0.34% | -0.34% | — | -0.33% | -0.58% | -0.42% | -0.42% | -0.34% | -0.75% | -0.48% | -0.83% | -1.24% | -1.24% |
| BtcTurk | -0.29% | -0.71% | -0.31% | -0.42% | -0.37% | -0.42% | -0.33% | -0.38% | -0.33% | -0.33% | -0.33% | -0.32% | -0.57% | -0.41% | -0.41% | -0.33% | -0.74% | — | -0.82% | -1.23% | -1.23% |
| BingX | -0.37% | -0.80% | -0.40% | -0.50% | -0.45% | -0.50% | -0.42% | -0.47% | -0.42% | -0.42% | -0.42% | -0.40% | -0.65% | — | -0.49% | -0.41% | -0.83% | -0.55% | -0.91% | -1.31% | -1.31% |
| WhiteBIT | -0.37% | -0.80% | -0.40% | -0.50% | -0.45% | -0.50% | -0.42% | -0.47% | -0.42% | -0.42% | -0.42% | -0.40% | -0.65% | -0.49% | — | -0.41% | -0.83% | -0.55% | -0.91% | -1.31% | -1.31% |
| BTSE | -0.29% | -0.72% | -0.32% | -0.42% | -0.37% | -0.42% | -0.34% | -0.39% | -0.34% | -0.34% | -0.34% | -0.32% | -0.57% | -0.41% | -0.41% | — | -0.75% | -0.47% | -0.83% | -1.23% | -1.23% |
| Bitstamp | -0.71% | -1.13% | -0.73% | -0.84% | -0.79% | -0.84% | -0.75% | -0.80% | -0.75% | -0.75% | -0.75% | -0.74% | -0.99% | -0.83% | -0.83% | -0.75% | — | -0.89% | -1.24% | -1.65% | -1.65% |
| Revolut X | -0.69% | -1.12% | -0.72% | -0.82% | -0.77% | -0.82% | -0.74% | -0.79% | -0.74% | -0.74% | -0.74% | -0.72% | -0.97% | -0.81% | -0.81% | -0.73% | -1.15% | -0.87% | — | -1.63% | -1.63% |
| HTX | -0.90% | -1.33% | -0.93% | -1.03% | -0.98% | -1.03% | -0.95% | -1.00% | -0.95% | -0.95% | -0.95% | -0.93% | -1.18% | -1.02% | -1.02% | -0.94% | -1.36% | -1.08% | -1.43% | -1.84% | — |

## Perpetual prices by exchange

| Exchange | Market | Bid | Ask | Book spread | 24h volume | Taker fee |
| --- | --- | --- | --- | --- | --- | --- |
| Bybit | [W/USDT:USDT](https://www.bybit.com/trade/usdt/WUSDT) | 0.013785 | 0.01379 | 0.036% | $2M | 0.060% |
| Extended | [W/USDC:USDC](https://app.extended.exchange/perp/W-USD) | 0.013795 | 0.013799 | 0.029% | $22.6K | 0.200% |
| WEEX | [W/USDT:USDT](https://www.weex.com/futures/W-USDT) | 0.013794 | 0.0138 | 0.043% | $62.9K | 0.080% |
| Crypto.com | [W/USD:USD](https://crypto.com/exchange/trade/WUSD-PERP) | 0.013799 | 0.0138 | 0.007% | $10 | 0.500% |
| Deepcoin | [W/USDT:USDT](https://www.deepcoin.com/en/swap/W-USDT) | 0.013798 | 0.0138 | 0.014% | $292.4K | 0.150% |
| Gate | [W/USDT:USDT](https://www.gate.com/futures/USDT/W_USDT) | 0.013793 | 0.013805 | 0.087% | $191K | 0.050% |
| BingX | [W/USDT:USDT](https://bingx.com/en/perpetual/W-USDT) | 0.0138 | 0.013807 | 0.051% | $6.8M | 0.050% |
| OKX | [W/USDT:USDT](https://www.okx.com/trade-swap/w-usdt-swap) | 0.013807 | 0.013808 | 0.007% | $2M | 0.050% |
| Bitget | [W/USDT:USDT](https://www.bitget.com/futures/usdt/WUSDT) | 0.0138 | 0.01381 | 0.072% | $818.6K | 0.060% |
| XT.COM | [W/USDT:USDT](https://www.xt.com/en/futures/trade/w_usdt) | 0.0138 | 0.01381 | 0.072% | $574.3K | 0.060% |
| Binance | [W/USDT:USDT](https://www.binance.com/en/futures/WUSDT) | 0.013807 | 0.013811 | 0.029% | $5.5M | 0.050% |
| MEXC | [W/USDT:USDT](https://www.mexc.com/futures/W_USDT) | 0.01381 | 0.013811 | 0.007% | $286.4K | 0.020% |
| Toobit | [W/USDT:USDT](https://www.toobit.com/en-US/futures/W-SWAP-USDT) | 0.013803 | 0.013815 | 0.087% | $594.6K | 0.100% |
| KuCoin | [W/USDT:USDT](https://www.kucoin.com/trade/futures/WUSDTM) | 0.0138 | 0.01382 | 0.145% | $195K | 0.060% |
| Kraken | [W/USD:USD](https://pro.kraken.com/app/trade/futures-w-usd-perp) | 0.013804 | 0.013824 | 0.145% | $44K | 0.050% |
| BTSE | [W/USDT:USDT](https://www.btse.com/en/futures/W-PERP) | 0.01379 | 0.01383 | 0.289% | $606.9K | 0.055% |
| Hyperliquid | [W/USDC:USDC](https://app.hyperliquid.xyz/trade/W) | 0.01382 | 0.01385 | 0.217% | $790K | 0.045% |
| WhiteBIT | [W/USDT:USDT](https://whitebit.com/trade/W-PERP?type=futures) | 0.013747 | 0.013859 | 0.808% | $450K | 0.055% |

### 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 → | Hyperliquid | MEXC | OKX | Binance | Kraken | Toobit | BingX | Bitget | XT.COM | KuCoin | Crypto.com | Deepcoin | Extended | WEEX | Gate | BTSE | Bybit | WhiteBIT |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Bybit | +0.01% | -0.01% | -0.10% | -0.10% | -0.12% | -0.23% | -0.15% | -0.17% | -0.17% | -0.17% | -1.05% | -0.36% | -0.48% | -0.25% | -0.20% | -0.23% | — | -0.54% |
| Extended | -0.34% | -0.36% | -0.44% | -0.44% | -0.46% | -0.57% | -0.49% | -0.51% | -0.51% | -0.51% | -1.40% | -0.71% | — | -0.60% | -0.54% | -0.58% | -0.62% | -0.89% |
| WEEX | -0.11% | -0.13% | -0.21% | -0.21% | -0.23% | -0.34% | -0.26% | -0.28% | -0.28% | -0.28% | -1.17% | -0.47% | -0.60% | — | -0.31% | -0.34% | -0.39% | -0.65% |
| Crypto.com | -0.95% | -0.97% | -1.05% | -1.05% | -1.07% | -1.18% | -1.10% | -1.12% | -1.12% | -1.12% | — | -1.31% | -1.44% | -1.20% | -1.15% | -1.18% | -1.23% | -1.49% |
| Deepcoin | -0.25% | -0.27% | -0.35% | -0.35% | -0.37% | -0.48% | -0.40% | -0.42% | -0.42% | -0.42% | -1.31% | — | -0.74% | -0.50% | -0.45% | -0.48% | -0.53% | -0.79% |
| Gate | -0.08% | -0.10% | -0.19% | -0.19% | -0.21% | -0.31% | -0.24% | -0.26% | -0.26% | -0.26% | -1.14% | -0.45% | -0.57% | -0.34% | — | -0.32% | -0.36% | -0.63% |
| BingX | -0.10% | -0.12% | -0.20% | -0.20% | -0.22% | -0.33% | — | -0.27% | -0.27% | -0.27% | -1.16% | -0.47% | -0.59% | -0.35% | -0.30% | -0.33% | -0.38% | -0.64% |
| OKX | -0.10% | -0.13% | — | -0.21% | -0.23% | -0.34% | -0.26% | -0.28% | -0.28% | -0.28% | -1.17% | -0.47% | -0.59% | -0.36% | -0.31% | -0.34% | -0.39% | -0.65% |
| Bitget | -0.14% | -0.16% | -0.24% | -0.24% | -0.26% | -0.37% | -0.29% | — | -0.31% | -0.31% | -1.20% | -0.51% | -0.63% | -0.40% | -0.34% | -0.37% | -0.42% | -0.69% |
| XT.COM | -0.14% | -0.16% | -0.24% | -0.24% | -0.26% | -0.37% | -0.29% | -0.31% | — | -0.31% | -1.20% | -0.51% | -0.63% | -0.40% | -0.34% | -0.37% | -0.42% | -0.69% |
| Binance | -0.12% | -0.15% | -0.23% | — | -0.25% | -0.36% | -0.28% | -0.30% | -0.30% | -0.30% | -1.19% | -0.49% | -0.62% | -0.38% | -0.33% | -0.36% | -0.41% | -0.67% |
| MEXC | -0.06% | — | -0.17% | -0.17% | -0.19% | -0.30% | -0.22% | -0.24% | -0.24% | -0.24% | -1.13% | -0.43% | -0.56% | -0.32% | -0.27% | -0.30% | -0.35% | -0.61% |
| Toobit | -0.25% | -0.28% | -0.36% | -0.36% | -0.38% | — | -0.41% | -0.43% | -0.43% | -0.43% | -1.32% | -0.62% | -0.74% | -0.51% | -0.46% | -0.49% | -0.54% | -0.80% |
| KuCoin | -0.21% | -0.23% | -0.31% | -0.31% | -0.34% | -0.44% | -0.36% | -0.38% | -0.38% | — | -1.27% | -0.58% | -0.70% | -0.47% | -0.42% | -0.45% | -0.49% | -0.76% |
| Kraken | -0.22% | -0.24% | -0.32% | -0.32% | — | -0.45% | -0.37% | -0.39% | -0.39% | -0.39% | -1.28% | -0.59% | -0.71% | -0.48% | -0.42% | -0.46% | -0.50% | -0.77% |
| BTSE | -0.27% | -0.29% | -0.38% | -0.38% | -0.40% | -0.51% | -0.43% | -0.45% | -0.45% | -0.45% | -1.33% | -0.64% | -0.76% | -0.53% | -0.48% | — | -0.56% | -0.82% |
| Hyperliquid | — | -0.42% | -0.50% | -0.50% | -0.52% | -0.63% | -0.55% | -0.57% | -0.57% | -0.57% | -1.46% | -0.77% | -0.89% | -0.65% | -0.60% | -0.63% | -0.68% | -0.94% |
| WhiteBIT | -0.48% | -0.50% | -0.59% | -0.59% | -0.61% | -0.71% | -0.64% | -0.66% | -0.66% | -0.66% | -1.54% | -0.85% | -0.97% | -0.74% | -0.69% | -0.72% | -0.76% | — |

## Frequently asked questions

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

Yes. On perpetual markets, you can buy W on Bybit at 0.01379 and sell on Hyperliquid at 0.01382, a 0.01% net spread after 0.21% in taker fees.

### Which exchange has the cheapest W?

Lowest ask price: Spot: DigiFinex at 0.0138; Perpetual: Bybit at 0.01379.

### 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.