USDG arbitrage between Kraken and OKX: we compare the price of USDG on Kraken (spot) and OKX (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 Global Dollar

Global Dollar (USDG) is a single-currency stablecoin pegged to the US dollar. USDG is fully redeemable from Paxos on a one-to-one basis for US dollars. Global Dollar (USDG) is issued by Paxos Digital Singapore (PDS), which is a Major Payments Institution supervised by the Monetary Authority of Singapore. USDG is issued in the EU by Paxos Issuance Europe Oy (PIE), an Electronic Money Institution regulated by the Finnish Financial Supervisory Authority (FIN-FSA). USDG is fully compliant with the EU’s Markets in Crypto Assets Regulation (MiCA). USDG combines the stability and reach of US dollars with the added security and efficiency of blockchain technology. USDG is always available and accessible, offering high transfer speeds and programmability. USDG is always available for 1:1 redemption for US dollars, 24/7.…

Stablecoins, USD Stablecoin, Solana Ecosystem, Ethereum Ecosystem

About USDG arbitrage

How do I read the USDG spread?

The spread is how many percent higher USDG 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 OKX. 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 USDG alerts?

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