MPLX: Bybit ↔ Coinbase arbitrage

MPLX arbitrage between Bybit and Coinbase: we compare the price of MPLX on Bybit (spot) and Coinbase (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 Metaplex

Metaplex (MPLX) is the standard for launching tokens and NFTs on Solana. Used to create 99% of tokens and NFTs on Solana, Metaplex powers the network’s biggest stablecoins, RWAs, DEXs, launchpads, wallets, DePIN networks, DeFi apps and games, with more than 900 million assets created and over $10 billion in transaction value. 50% of Metaplex protocol revenue is used to buy back MPLX for the Metaplex DAO.

Gaming (GameFi), NFT, BNB Chain Ecosystem, Solana Ecosystem

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

About MPLX arbitrage

How do I read the MPLX spread?

The spread is how many percent higher MPLX 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 Coinbase. 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 MPLX alerts?

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