PIPE arbitrage between Kraken and KuCoin: we compare the price of PIPE on Kraken (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 PIPE

PIPE is a community-driven memecoin launched on the Solana blockchain, designed to honor the Pi community and promote the Pi narrative globally. With a total supply of 1 billion tokens and a fair launch on Pump.fun, PIPE aims to secure Tier 1 exchange listings and position itself among the top 500 tokens by market capitalization. Memecoins have become a significant phenomenon in the cryptocurrency landscape, blending internet culture with blockchain technology. PIPE seeks to build upon this trend by creating a token that not only entertains but also pays tribute to the Pi community, fostering a sense of unity and shared purpose.

Solana Ecosystem, Meme, Solana Meme, Pump.fun Ecosystem

Over the past 24 hours the spread between Kraken and KuCoin stayed between 0.30% and 5.41%, median 2.00% across 83 samples (spot to spot).

PIPE: KuCoin — deposit open, withdrawal open.

About PIPE arbitrage

How do I read the PIPE spread?

The spread is how many percent higher PIPE 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 Kraken 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 PIPE alerts?

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