M Arbitrage: Live Price Spreads Across Exchanges
LiveAs of · refreshes every 15 s
As of 2026-10-03 00:40 UTC, ArbTide tracks M spot and perpetual prices across exchanges. On spot markets, the best route has a -0.06% gross spread, which fees turn into a -0.36% net loss. On perpetual markets, you can buy M on Gate at 1.0646 and sell on Bybit at 1.067, a 0.01% net spread after 0.22% in taker fees.
M spot prices by exchange
- Bitget1.065401Bid
- Market
- M/USDT
- Ask
- 1.066439
- Book spread
- 0.097%
- 24h volume
- $214K
- Taker fee
- 0.100%
- MEXC1.06512Bid
- Market
- M/USDT
- Ask
- 1.06671
- Book spread
- 0.149%
- 24h volume
- $86.9K
- Taker fee
- 0.050%
- WEEX1.064515Bid
- Market
- M/USDT
- Ask
- 1.066319
- Book spread
- 0.169%
- 24h volume
- $17.5K
- Taker fee
- 0.100%
- Gate1.064Bid
- Market
- M/USDT
- Ask
- 1.0646
- Book spread
- 0.056%
- 24h volume
- $88.1K
- Taker fee
- 0.200%
- HTX1.059269Bid
- Market
- M/USDT
- Ask
- 1.066067
- Book spread
- 0.638%
- 24h volume
- $357K
- Taker fee
- 0.200%
Showing 5 of 5
Net spread for every exchange pair
Each cell buys M at one exchange’s ask and sells at another’s bid, less taker fees on every fill. Cheapest asks are at the top, richest bids on the left, so profitable pairs gather in the top-left corner.
Loses after feesProfits after feesFigures are the net spread in % after taker fees on every fill; steps at 0.1%, 0.25%, 0.5%, 1%.
| Buy on ↓ sell on → | Bitget | MEXC | WEEX | Gate | HTX |
|---|---|---|---|---|---|
| Gateask 1.0646 | -0.22 | -0.20 | -0.31 | Same exchange | -0.90 |
| HTXask 1.066067 | -0.36 | -0.34 | -0.45 | -0.59 | Same exchange |
| WEEXask 1.066319 | -0.29 | -0.26 | Same exchange | -0.52 | -0.96 |
| Bitgetask 1.066439 | Same exchange | -0.27 | -0.38 | -0.53 | -0.97 |
| MEXCask 1.06671 | -0.27 | Same exchange | -0.36 | -0.50 | -0.95 |
M perpetual prices by exchange
- Bybit1.067Bid
- Market
- M/USDT:USDT
- Ask
- 1.0688
- Book spread
- 0.168%
- 24h volume
- $445.7K
- Taker fee
- 0.060%
- BingX1.0663Bid
- Market
- M/USDT:USDT
- Ask
- 1.0664
- Book spread
- 0.009%
- 24h volume
- $2.3M
- Taker fee
- 0.050%
- Bitget1.0656Bid
- Market
- M/USDT:USDT
- Ask
- 1.0674
- Book spread
- 0.169%
- 24h volume
- $421.7K
- Taker fee
- 0.060%
- Binance1.0653Bid
- Market
- M/USDT:USDT
- Ask
- 1.0654
- Book spread
- 0.009%
- 24h volume
- $1.3M
- Taker fee
- 0.050%
- MEXC1.0653Bid
- Market
- M/USDT:USDT
- Ask
- 1.0654
- Book spread
- 0.009%
- 24h volume
- $108.7K
- Taker fee
- 0.020%
- WEEX1.0649Bid
- Market
- M/USDT:USDT
- Ask
- 1.0657
- Book spread
- 0.075%
- 24h volume
- $578.6K
- Taker fee
- 0.080%
- Toobit1.0649Bid
- Market
- M/USDT:USDT
- Ask
- 1.0665
- Book spread
- 0.150%
- 24h volume
- $1.1M
- Taker fee
- 0.100%
- XT.COM1.0647Bid
- Market
- M/USDT:USDT
- Ask
- 1.067
- Book spread
- 0.216%
- 24h volume
- $116.4K
- Taker fee
- 0.060%
- Aster1.0639Bid
- Market
- M/USDT:USDT
- Ask
- 1.0671
- Book spread
- 0.300%
- 24h volume
- $4.9K
- Taker fee
- 0.035%
- Gate1.0635Bid
- Market
- M/USDT:USDT
- Ask
- 1.0646
- Book spread
- 0.103%
- 24h volume
- $428.3K
- Taker fee
- 0.050%
- KuCoin1.06173Bid
- Market
- M/USDT:USDT
- Ask
- 1.06657
- Book spread
- 0.454%
- 24h volume
- $1.2M
- Taker fee
- 0.060%
- WOOFi Pro1.0616Bid
- Market
- M/USDC:USDC
- Ask
- 1.0692
- Book spread
- 0.711%
- 24h volume
- $1M
- Taker fee
- 0.050%
- WhiteBIT1.0581Bid
- Market
- M/USDT:USDT
- Ask
- 1.0743
- Book spread
- 1.508%
- 24h volume
- $2.2M
- Taker fee
- 0.055%
| Bybit | M/USDT:USDT | 1.067 | 1.0688 | 0.168% | $445.7K | 0.060% |
| BingX | M/USDT:USDT | 1.0663 | 1.0664 | 0.009% | $2.3M | 0.050% |
| Bitget | M/USDT:USDT | 1.0656 | 1.0674 | 0.169% | $421.7K | 0.060% |
| Binance | M/USDT:USDT | 1.0653 | 1.0654 | 0.009% | $1.3M | 0.050% |
| MEXC | M/USDT:USDT | 1.0653 | 1.0654 | 0.009% | $108.7K | 0.020% |
| WEEX | M/USDT:USDT | 1.0649 | 1.0657 | 0.075% | $578.6K | 0.080% |
| Toobit | M/USDT:USDT | 1.0649 | 1.0665 | 0.150% | $1.1M | 0.100% |
| XT.COM | M/USDT:USDT | 1.0647 | 1.067 | 0.216% | $116.4K | 0.060% |
| Aster | M/USDT:USDT | 1.0639 | 1.0671 | 0.300% | $4.9K | 0.035% |
| Gate | M/USDT:USDT | 1.0635 | 1.0646 | 0.103% | $428.3K | 0.050% |
| KuCoin | M/USDT:USDT | 1.06173 | 1.06657 | 0.454% | $1.2M | 0.060% |
| WOOFi Pro | M/USDC:USDC | 1.0616 | 1.0692 | 0.711% | $1M | 0.050% |
| WhiteBIT | M/USDT:USDT | 1.0581 | 1.0743 | 1.508% | $2.2M | 0.055% |
Showing 13 of 13
Net spread for every exchange pair
Each cell buys M at one exchange’s ask and sells at another’s bid, less taker fees on every fill. Cheapest asks are at the top, richest bids on the left, so profitable pairs gather in the top-left corner.
Loses after feesProfits after feesFigures are the net spread in % after taker fees on every fill; steps at 0.1%, 0.25%, 0.5%, 1%.
| Buy on ↓ sell on → | Bybit | BingX | Bitget | Binance | MEXC | WEEX | Toobit | XT.COM | Aster | Gate | KuCoin | WOOFi Pro | WhiteBIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gateask 1.0646 | +0.01 | -0.04 | -0.13 | -0.13 | -0.07 | -0.23 | -0.27 | -0.21 | -0.24 | Same exchange | -0.49 | -0.48 | -0.82 |
| Binanceask 1.0654 | -0.07 | -0.12 | -0.20 | Same exchange | -0.15 | -0.31 | -0.35 | -0.29 | -0.31 | -0.38 | -0.56 | -0.56 | -0.90 |
| MEXCask 1.0654 | -0.01 | -0.06 | -0.14 | -0.15 | Same exchange | -0.25 | -0.29 | -0.23 | -0.25 | -0.32 | -0.50 | -0.50 | -0.84 |
| WEEXask 1.0657 | -0.16 | -0.20 | -0.29 | -0.30 | -0.24 | Same exchange | -0.44 | -0.37 | -0.40 | -0.47 | -0.65 | -0.64 | -0.98 |
| BingXask 1.0664 | -0.16 | Same exchange | -0.30 | -0.30 | -0.24 | -0.40 | -0.44 | -0.38 | -0.40 | -0.47 | -0.66 | -0.65 | -0.99 |
| Toobitask 1.0665 | -0.27 | -0.32 | -0.40 | -0.41 | -0.35 | -0.51 | Same exchange | -0.49 | -0.51 | -0.58 | -0.77 | -0.76 | -1.10 |
| KuCoinask 1.06657 | -0.20 | -0.25 | -0.33 | -0.34 | -0.28 | -0.44 | -0.48 | -0.42 | -0.44 | -0.51 | Same exchange | -0.69 | -1.02 |
| XT.COMask 1.067 | -0.24 | -0.29 | -0.37 | -0.38 | -0.32 | -0.48 | -0.52 | Same exchange | -0.48 | -0.55 | -0.73 | -0.73 | -1.06 |
| Asterask 1.0671 | -0.20 | -0.24 | -0.33 | -0.34 | -0.28 | -0.44 | -0.48 | -0.41 | Same exchange | -0.51 | -0.69 | -0.69 | -1.02 |
| Bitgetask 1.0674 | -0.28 | -0.32 | Same exchange | -0.42 | -0.36 | -0.51 | -0.55 | -0.49 | -0.52 | -0.59 | -0.77 | -0.76 | -1.10 |
| Bybitask 1.0688 | Same exchange | -0.45 | -0.54 | -0.55 | -0.49 | -0.64 | -0.68 | -0.62 | -0.65 | -0.72 | -0.90 | -0.89 | -1.23 |
| WOOFi Proask 1.0692 | -0.43 | -0.47 | -0.56 | -0.56 | -0.50 | -0.66 | -0.70 | -0.64 | -0.67 | -0.73 | -0.92 | Same exchange | -1.25 |
| WhiteBITask 1.0743 | -0.91 | -0.95 | -1.04 | -1.05 | -0.99 | -1.14 | -1.18 | -1.12 | -1.15 | -1.22 | -1.40 | -1.39 | Same exchange |
Holding perpetual positions? Compare M funding rates across exchanges.
Frequently asked questions
- Is there a M arbitrage opportunity right now?
- Yes. On perpetual markets, you can buy M on Gate at 1.0646 and sell on Bybit at 1.067, a 0.01% net spread after 0.22% in taker fees.
- Which exchange has the cheapest M?
- Lowest ask price: Spot: Gate at 1.0646; Perpetual: Gate at 1.0646.
- 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.
How the net spread is 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 on each exchange and require moving coins between exchanges or holding inventory on both. The Transfer column shows the cheapest open network, its withdrawal fee and the trade size where that fee equals the spread, or why the coin cannot move right now.
- Perpetual routes need no transfer: long on the cheaper exchange, short on the more expensive one, and close both when prices converge. They pay two taker fees on each exchange, and funding payments apply while the positions are open.
- Max profit is read from both order books: we buy up the asks and sell into the bids until the next level stops paying, and show the size where profit peaks. Routes we have not read yet show the size at the best price only, marked top.
- Only markets with at least $100K of 24h volume, a book spread under 2% and quotes updated in the last 60 seconds are compared, and both quotes must be taken within 15 seconds of each other. Spreads above 20% are dropped as likely different tokens sharing a ticker.
New to this? Read what crypto arbitrage is.