BARD arbitrage between Bybit and HTX: we compare the price of BARD on Bybit (futures) and HTX (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About Lombard

Lombard is building onchain Bitcoin capital markets to unlock the full potential of the defining asset of this generation. Founded in 2024, the company pioneered Bitcoin’s integration into DeFi with LBTC — the leading yield-bearing Bitcoin, secured by a decentralized consortium of 14 digital asset institutions — which today stands as the largest Bitcoin LST. Lombard is developing full-stack infrastructure to accelerate onchain BTC adoption for holders, protocols, and platforms, spanning BTC assets, a Staking SDK, and supporting services. The company is built and backed by digital asset leaders, including top DeFi protocols, institutions, and exchanges.

Decentralized Finance (DeFi), BNB Chain Ecosystem, Ethereum Ecosystem, Binance HODLer Airdrops

BARD: Bybit — deposit open, withdrawal open; HTX — deposit open, withdrawal open.

Open interest in BARD right now — $8.7M: Binance $2.4M, BingX $2.4M, Bybit $1.5M, OKX $1.1M, Bitget $813.1K. See OI BARD.

News about BARD

Kraken Institutional supports Lombard’s transition to institutional Bitcoin yield

About BARD arbitrage

How do I read the BARD spread?

The spread is how many percent higher BARD trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on Bybit and HTX. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get BARD alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.