DRIFT: Coinbase ↔ KuCoin arbitrage

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

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

Over the past 24 hours the spread between Coinbase and KuCoin stayed between 0.67% and 0.92%, median 0.77% across 18 samples (spot to spot).

DRIFT: Coinbase — deposit open, withdrawal open; KuCoin — deposit open, withdrawal open.

Open interest in DRIFT right now — $6.8M: Binance $2.1M, BingX $2.1M, Bybit $1.6M, KuCoin $646.4K, Bitget $376.1K. 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 KuCoin. 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.