PIRATE arbitrage between Bybit and Gate: we compare the price of PIRATE on Bybit (spot) and Gate (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.

Over the past 24 hours the spread between Bybit and Gate stayed between 0.28% and 27.39%, median 1.85% across 134 samples (spot to spot).

PIRATE: Bybit — deposit open, withdrawal open; Gate — deposit open, withdrawal open.

About PIRATE arbitrage

How do I read the PIRATE spread?

The spread is how many percent higher PIRATE 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 Gate. 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 PIRATE alerts?

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