LQTY arbitrage between HTX and Binance: we compare the price of LQTY on HTX (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 Liquity

LQTY is a token that captures the fee revenue generated by the Liquity Protocol via staking. Liquity is a decentralized borrowing protocol that allows you to draw 0% interest loans against Ether used as collateral. Loans are paid out in LUSD and need to maintain a minimum collateral ratio of only 110%. In addition to the collateral, the loans are secured by a Stability Pool containing LUSD and by fellow borrowers collectively acting as guarantors of last resort. Liquity as a protocol is non-custodial, immutable, and governance-free.

Decentralized Finance (DeFi), Arbitrum Ecosystem, Ethereum Ecosystem, Alameda Research Portfolio

Over the past 24 hours the spread between HTX and Binance stayed between 0.64% and 5.51%, median 2.10% across 30 samples (futures to spot (basis)).

LQTY: HTX — deposit open, withdrawal open; Binance — deposit open, withdrawal open.

Open interest in LQTY right now — $2.5M: Binance $808.6K, BingX $807.5K, Bybit $336.1K, KuCoin $205.3K, OKX $190.8K. See OI LQTY.

About LQTY arbitrage

How do I read the LQTY spread?

The spread is how many percent higher LQTY 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 HTX 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 LQTY alerts?

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