DEGEN arbitrage between Coinbase and Bybit: we compare the price of DEGEN on Coinbase (spot) and Bybit (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 Coinbase and Bybit stayed between 0.45% and 1.43%, median 0.72% across 37 samples (spot to spot).

DEGEN: Coinbase — deposit open, withdrawal open; Bybit — deposit open, withdrawal open.

About DEGEN arbitrage

How do I read the DEGEN spread?

The spread is how many percent higher DEGEN 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 Coinbase and Bybit. 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 DEGEN alerts?

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