DRIFT: Coinbase ↔ Binance arbitrage

DRIFT arbitrage between Coinbase and Binance: we compare the price of DRIFT on Coinbase (spot) and Binance (futures) 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 Drift Protocol

Decentralized Finance (DeFi), Derivatives, Prediction Markets, Perpetuals

DRIFT: Coinbase — deposit open, withdrawal open.

Open interest in DRIFT right now — $7.0M: Binance $2.1M, BingX $2.1M, Bybit $1.6M, KuCoin $826.1K, Bitget $359.8K. See OI DRIFT.

About DRIFT arbitrage

How do I read the DRIFT spread?

The spread is how many percent higher DRIFT 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 Binance. 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 DRIFT alerts?

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