XNY: Binance ↔ Kraken arbitrage

XNY arbitrage between Binance and Kraken: we compare the price of XNY on Binance (futures) and Kraken (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 Codatta

Artificial Intelligence (AI), Big Data, BNB Chain Ecosystem, OKX Ventures Portfolio

Open interest in XNY right now — $6.3M: Binance $4.0M, BingX $1.1M, KuCoin $677.0K, Bybit $524.3K. See OI XNY.

About XNY arbitrage

How do I read the XNY spread?

The spread is how many percent higher XNY 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 Binance and Kraken. 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 XNY alerts?

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