HFT arbitrage between Bybit and Kraken: we compare the price of HFT on Bybit (futures) 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.

About Hashflow

Hashflow is a multichain decentralized exchange (DEX) that enables users to trade digital assets on leading blockchains including Ethereum, Arbitrum, Avalanche, BNB Chain, Optimism, Polygon, and Solana in just a matter of seconds. Hashflow leverages an intent-based smart order routing architecture to offer traders the best prices, access to over $8B in liquidity, and the ability to trade every token. Since launching in April 2021, Hashflow has facilitated over $18B in total trade volume, making it a top 10 DEX.

Decentralized Exchange (DEX), Exchange-based Tokens, Decentralized Finance (DeFi), BNB Chain Ecosystem

Over the past 24 hours the spread between Bybit and Kraken stayed between 0.66% and 3.40%, median 0.91% across 38 samples (futures to spot (basis)).

HFT: Bybit — deposit open, withdrawal open.

About HFT arbitrage

How do I read the HFT spread?

The spread is how many percent higher HFT 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 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 HFT alerts?

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