BMT arbitrage between KuCoin and Kraken: we compare the price of BMT on KuCoin (spot) and Kraken (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.

Over the past 24 hours the spread between KuCoin and Kraken stayed between 0.18% and 1.83%, median 0.94% across 52 samples (spot to spot).

BMT: KuCoin — deposit open, withdrawal open.

Open interest in BMT right now — $8.3M: Binance $3.2M, BingX $1.8M, KuCoin $1.8M, Bybit $1.5M. See OI BMT.

About BMT arbitrage

How do I read the BMT spread?

The spread is how many percent higher BMT 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 KuCoin and Kraken. 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 BMT alerts?

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