← All observations

Sharp price moves on 25 October 2026: 31 events across multiple exchanges

Key takeaways

  • 31 moves: 20 up and 11 down; two coins moved both ways during the day (T, HOOKED).
  • The strongest move was KIMCHI: +78.6% in 56 minutes, confirmed by 3 exchanges.
  • BITLIGHT fell the most: −40.4% in 23 minutes on 2 exchanges.
  • T rose 56.2% in 30 minutes, HOOKED 49.2% in 66 minutes.
  • The fastest was LIGHT: −33.5% in 22 minutes on 8 exchanges.

On 25 October 2026 (UTC) QuickRadar recorded 31 moves of 20% or more (the detector looks for such a change in 30–120-minute windows), confirmed by at least 2 exchanges: 20 up and 11 down. The strongest was KIMCHI: +78.6% in 56 min. The widest confirmation came for APR — 12 exchanges. The 10 strongest are covered in detail; the rest are in the summary table.

Summary of the day

#CoinDirectionStrongest episodeDurationStart (UTC)ExchangesEpisodes
1T 1 of 3up+56.2%30 min00:09:4441
2BIRB 1 of 2up+32.2%47 min00:10:4081
3STEEMup+31.9%120 min00:51:4741
4UPdown−21.2%102 min01:42:1822
5BMTdown−20.2%102 min01:45:5081
6GTCup+20.2%91 min02:00:1721
7LIGHT 1 of 2down−21.0%88 min02:46:4351
8IRYS 1 of 2up+30.2%74 min02:50:59 series from 00:22:58115
9BIRB 2 of 2up+25.8%43 min03:24:17102
10APR 1 of 3up+31.1%120 min03:51:19123
11JCT 1 of 2up+20.1%87 min04:03:3141
12ORDERup+20.1%117 min04:57:0941
13T 2 of 3up+35.0%60 min07:00:5431
14HOOKED 1 of 4up+49.2%66 min07:52:4922
15JCT 2 of 2up+22.6%117 min08:26:2591
16TAGup+30.9%89 min08:34:2472
17LIGHT 2 of 2down−33.5%22 min08:45:0681
18BITLIGHTdown−40.4%23 min08:45:1921
19APR 2 of 3up+30.1%119 min11:10:13 series from 10:06:39123
20XCNup+42.2%43 min11:36:2454
21T 3 of 3down−20.1%88 min12:11:3521
22IRYS 2 of 2up+21.1%70 min14:18:42101
23HOOKED 2 of 4up+22.3%37 min14:46:0721
24Qdown−30.1%69 min15:17:5492
25MEZOdown−35.7%47 min15:42:1121
26APR 3 of 3up+20.9%110 min17:15:51111
27RLSdown−20.1%65 min17:52:2421
28HOOKED 3 of 4down−20.8%120 min17:53:1221
29KIMCHIup+78.6%56 min20:51:0633
30HOOKED 4 of 4down−27.0%111 min21:44:3621
31BRup+20.6%118 min22:26:3661

“Duration” is the time from the price extreme inside the detector window to the moment the move was recorded; it can be shorter than the window itself. A “k of n” mark means the coin moved more than once during the day; these are separate moves, not a repeated row. “Start” is the start of the strongest episode; for a series of episodes the time the series began is shown next to it. “Also …” is the same asset that other exchanges list under a different ticker.

Moves

T: up 56.2% in 30 min

The move was confirmed by 4 exchanges: Binance, Bybit, Bitget, Gate. The detector flagged it at 00:09:44 UTC; the primary event was registered by our system at 00:22:05 UTC. Within the detector window (30 min) the price low is 0.00463 and the high is 0.00723; at the event it was 0.00723. Trading volume over the day reached $3.7M (maximum across legs).

  • Binance · futures
  • Bybit · futures
Exchange prices aligned to the level 60 minutes before t0 (start of the move). Dashed lines are spot, solid lines are futures.

Prices by exchange

Exchange · market−60 min−30 min−10 mint0+10 min+30 minExtremeΔFirst threshold crossing (UTC)Crossing price
Binance · futures0.004570.00461050.00462750.0057550.0067180.00716850.007472 · 00:45+63.5%00:02:44.4440.005483
Binance · spot———0.005750.0069650.0074250.00788 · 00:45———
Bybit · futures0.0045730.0046140.00463250.00561150.00669250.0071510.0075475 · 00:41+65.0%00:09:24.9060.005696
Bitget · futures———0.00561450.0066520.0070950.0074495 · 01:03—00:09:35.3060.005615
Bitget · spot—————0.0073520.007787 · 00:33———
Gate · futures—————0.0071560.0074785 · 00:41—00:49:38.8780.007323
Gate · spot—————0.00737250.007827 · 00:44———

Price is the bid/ask midpoint; a dash means no series point fresher than 120 s (300 s for the −60 min column). Δ is measured from the price 60 minutes before t0 to the extreme (minimum for drops, maximum for pumps). An asterisk marks a base taken from the first point of the window. “First threshold crossing” is the moment our detector first recorded this exchange's price passing the sharp-move threshold (detector clock, to the millisecond); it can be earlier than t0, the moment the detector recorded the move as a whole after stitching exchange data; if one exchange crossed the threshold within half an hour before a second one did, its time is noticeably earlier than t0. “Crossing price” is the exchange's price at that moment. A dash means no crossing is recorded for this exchange and market: the move happened before the detector began saving crossings, the record expired, or the threshold was crossed by another exchange or by another market of this one.

Spread between exchanges

In the move window the arbitrage engine recorded events for 1 pair; the largest net spread is 0.2%: Futures–futures, buy on Gate, sell on Bybit.

Time (UTC)TypeBuy · priceSell · priceSpreadNetDepth
00:11:18Futures–futuresGate
0.006043
Bybit
0.006061
0.3%0.2%$10K

Net is the executable spread: buy at the ask, sell at the bid, after fees (basis events have no net figure, only the spread). Depth is how many dollars fill without slippage.

Funding

ExchangeLast payment before t0RateFirst after t0Rate
Binance25.10 00:00+0.0010%——
Bybit25.10 00:00−0.0058%——
Gate25.10 00:00+0.0050%——
KuCoin25.10 00:00+0.0050%——
MEXC25.10 00:00+0.0007%——

The rate is per funding interval (it differs by exchange), in percent; times are UTC. «After t0» is shown only if the payment had already happened when the snapshot was taken.

Open interest

ExchangeWindow startAt t0Window endChange
Binance$1.4M$1.9M$4.5M+227.7%
Bitget$609K$837K$1.3M+116.7%
Bybit$727K$996K$2.2M+205.7%
GATE$60.6K$78.7K$150K+147.6%
Kucoin$399K$503K$959K+140.4%
MEXC$1.8M$2M$2.1M+17.7%

Open interest in dollars, one-minute series; exchanges without a series are omitted.

BIRB: up 32.2% in 47 min

The move was confirmed by 8 exchanges: Bitget, Bybit, BingX, KuCoin, Coinbase, Aster DEX, Binance, Gate. The detector flagged it at 00:10:40 UTC; the primary event was registered by our system at 00:11:11 UTC. Within the detector window (60 min) the price low is 0.08578 and the high is 0.11341; at the event it was 0.11341. Trading volume over the day reached $790M (maximum across legs).

  • Bitget · futures
  • Bitget · spot
  • Bybit · futures
  • Bybit · spot
  • BingX · futures
  • BingX · spot
  • KuCoin · futures
  • KuCoin · spot
  • Coinbase · spot
  • Aster DEX · futures
  • Binance · futures
  • Gate · futures
  • Gate · spot
Exchange prices aligned to the level 60 minutes before t0 (start of the move). Dashed lines are spot, solid lines are futures. Values outside the scale (thin-market outliers) are clipped at the edge: 36.

Prices by exchange

Exchange · market−60 min−30 min−10 mint0+10 min+30 minExtremeΔFirst threshold crossing (UTC)Crossing price
Bitget · futures0.0855950.087030.086450.097370.083880.072830.10131 · 00:10+18.4%——
Bitget · spot0.0874850.089360.08960.103870.0903050.076010.10692 · 00:10+22.2%00:06:48.8690.10404
Bybit · futures0.086910.088390.0881250.0993550.086750.0750950.10282 · 00:10+18.3%——
Bybit · spot0.0874550.0892250.091110.104010.0917250.075960.10791 · 00:10+23.4%00:10:20.7760.10637
BingX · futures0.0855250.0869450.0862750.100420.083720.072860.10042 · 00:10+17.4%——
BingX · spot0.0873950.088870.090790.109550.0911750.076370.11244 · 00:10+28.7%00:10:25.7720.10654
KuCoin · futures0.085570.0870050.0861650.0983850.083950.072690.10106 · 00:10+18.1%——
KuCoin · spot0.087210.0886350.0892450.108320.091340.0763050.11077 · 00:10+27.0%00:10:29.7010.10832
Coinbase · spot0.0865750.088340.0897850.104080.0911950.076070.10728 · 00:10+23.9%00:10:53.0890.10823
Aster DEX · futures0.0855050.086940.0871570.096780.083910.0727850.10274 · 00:10+20.2%00:10:54.0690.10274
Binance · futures0.085510.0869050.0863450.096340.0837850.0727350.1005 · 00:10+17.5%00:10:55.4400.1005
Gate · futures0.08570.086950.0864550.098840.0838750.0727550.09958 · 00:10+16.2%——
Gate · spot0.0874450.0888750.089910.105480.090310.076070.10733 · 00:10+22.7%00:11:03.1950.10554

Price is the bid/ask midpoint; a dash means no series point fresher than 120 s (300 s for the −60 min column). Δ is measured from the price 60 minutes before t0 to the extreme (minimum for drops, maximum for pumps). An asterisk marks a base taken from the first point of the window. “First threshold crossing” is the moment our detector first recorded this exchange's price passing the sharp-move threshold (detector clock, to the millisecond); it can be earlier than t0, the moment the detector recorded the move as a whole after stitching exchange data; if one exchange crossed the threshold within half an hour before a second one did, its time is noticeably earlier than t0. “Crossing price” is the exchange's price at that moment. A dash means no crossing is recorded for this exchange and market: the move happened before the detector began saving crossings, the record expired, or the threshold was crossed by another exchange or by another market of this one.

Spread between exchanges

No arbitrage events were recorded in the window. By the price series at t0 (00:10:40 UTC) the highest futures price was on BingX and the lowest on Binance: a 4.2% gap. This is a gap between price feeds, not an executable spread: fees and order-book depth are not included.

Funding

ExchangeLast payment before t0RateFirst after t0Rate
Binance25.10 00:00−0.9398%——
BingX25.10 00:00−0.9050%——
Bybit25.10 00:00−0.6402%25.10 01:00−2.0000%
Gate25.10 00:00−1.0056%——
KuCoin25.10 00:00−0.8717%——
MEXC25.10 00:00−0.9339%——

The rate is per funding interval (it differs by exchange), in percent; times are UTC. «After t0» is shown only if the payment had already happened when the snapshot was taken.

Open interest

ExchangeWindow startAt t0Window endChange
Binance$5.4M$6.3M$5M−6.4%
Bingx$153K$154K$156K+1.6%
Bitget$1.2M$1.4M$1.2M−1.2%
Bybit$4.2M$4.9M$4.2M−0.6%
GATE$385K$429K$358K−6.9%
Kucoin$1.5M$1.5M$1.3M−13.5%
MEXC$349K$372K$268K−23.3%

Open interest in dollars, one-minute series; exchanges without a series are omitted.

IRYS: a series of 5 episodes — the strongest up 30.2% in 74 min

The move was confirmed by 11 exchanges: BingX, KuCoin, Bitget, OKX, Aster DEX, MEXC, Bybit, Coinbase, On-chain DEX, Binance, Gate. The series began at 00:22:58 UTC; the strongest episode is #4: the detector flagged it at 02:50:59 UTC, the primary event was registered by our system at 02:58:53 UTC. Within the detector window (90 min) the price low is 0.03164 and the high is 0.04121; at the event it was 0.04121. Trading volume over the day reached $102M (maximum across legs).

The detector re-announces a long move every 30 min, so it arrived as a chain of episodes:

#t0 (UTC)ChangeWindowExchanges
100:22:58−20.4%30 min3
200:52:59−25.5%60 min11
301:22:59−28.9%120 min11
402:50:59+30.2%90 min11
505:24:38−20.3%90 min2
  • BingX · futures
  • BingX · spot
  • KuCoin · futures
  • KuCoin · spot
  • Bitget · futures
  • Bitget · spot
  • OKX · futures
  • OKX · spot
  • Aster DEX · futures
  • MEXC · futures
  • MEXC · spot
  • Bybit · futures
  • Coinbase · spot
  • On-chain DEX · spot
  • Binance · futures
  • Gate · futures
  • Gate · spot
Exchange prices aligned to the level 60 minutes before t0 (start of the move). Dashed lines are spot, solid lines are futures. Values outside the scale (thin-market outliers) are clipped at the edge: 131.

Prices by exchange

Exchange · market−60 min−30 min−10 mint0+10 min+30 minExtremeΔFirst threshold crossing (UTC)Crossing price
BingX · futures0.042460.0414250.0425050.0371750.0363450.034150.04648 · 00:06+9.5%02:50:38.9920.03797
BingX · spot0.042430.0414150.043110.0373850.036550.034190.04769 · 00:06+12.4%00:22:38.9180.03802
KuCoin · futures0.042280.0412810.0422650.0369350.0360690.0337150.049204 · 04:14+16.4%00:52:42.4650.033842
KuCoin · spot0.042380.0413350.0426050.0370.0365250.0341150.049765 · 04:14+17.4%00:22:47.6490.03732
Bitget · futures0.042290.0412650.0424550.0370.036520.0339750.04634 · 00:06+9.6%00:22:53.9630.03693
Bitget · spot0.042380.0413650.0429150.0371950.0366350.0341550.04668 · 00:06+10.1%00:52:41.1620.03414
OKX · futures0.0423350.0412550.042370.036980.036310.034030.04605 · 00:06+8.8%——
OKX · spot0.0424150.0414250.043250.037220.0364350.0341950.04779 · 00:06+12.7%00:52:39.4460.03419
Aster DEX · futures0.04250.0413950.042880.037690.036410.034050.046071 · 00:07+8.4%00:52:39.5680.034071
MEXC · futures0.04240.0412750.0426150.037330.0363650.0340250.04918 · 04:14+16.0%00:52:39.7940.03406
MEXC · spot0.042360.0413350.042530.0372950.0365050.0342350.0498 · 04:14+17.6%——
Bybit · futures0.0423980.041410.0427060.0373360.0364060.0341510.047035 · 00:06+10.9%00:52:39.9390.03413
Coinbase · spot0.042390.0413450.044180.037150.03710.0341750.04657 · 00:06+9.9%00:52:40.8480.03415
On-chain DEX · spot0.0424330.0413520.0425060.0374750.0364480.03410.046524 · 00:06+9.6%00:52:40.9860.034152
Binance · futures0.0423650.04130.043140.03780.0364050.0340250.04609 · 00:06+8.8%00:52:49.1410.03407
Gate · futures0.042440.0412850.0425650.037150.036370.034010.04608 · 00:06+8.6%02:51:41.5640.03881
Gate · spot0.0423350.04130.044490.0380850.03720.0344350.04747 · 00:14+12.1%00:52:53.4630.03442

Price is the bid/ask midpoint; a dash means no series point fresher than 120 s (300 s for the −60 min column). Δ is measured from the price 60 minutes before t0 to the extreme (minimum for drops, maximum for pumps). An asterisk marks a base taken from the first point of the window. “First threshold crossing” is the moment our detector first recorded this exchange's price passing the sharp-move threshold (detector clock, to the millisecond); it can be earlier than t0, the moment the detector recorded the move as a whole after stitching exchange data; if one exchange crossed the threshold within half an hour before a second one did, its time is noticeably earlier than t0. “Crossing price” is the exchange's price at that moment. A dash means no crossing is recorded for this exchange and market: the move happened before the detector began saving crossings, the record expired, or the threshold was crossed by another exchange or by another market of this one.

Spread between exchanges

In the move window the arbitrage engine recorded events for 3 pairs; the largest net spread is 5.1%: Spot–futures, buy on Aster DEX, sell on Gate.

Time (UTC)TypeBuy · priceSell · priceSpreadNetDepth
06:00:22Spot–futuresAster DEX · futures
0.04278
Gate · spot
0.04505
5.3%5.1%—
00:16:32Basis (spot–futures)MEXC · futures
0.04259
Coinbase · spot
0.04161
2.3%——
03:10:38Basis (spot–futures)OKX · futures
0.03977
MEXC · spot
0.0391
1.7%——

Net is the executable spread: buy at the ask, sell at the bid, after fees (basis events have no net figure, only the spread). Depth is how many dollars fill without slippage.

Funding

ExchangeLast payment before t0RateFirst after t0Rate
Binance25.10 00:00−0.0035%25.10 01:00−0.0416%
BingX25.10 00:00+0.0013%25.10 01:00+0.0013%
Bybit25.10 00:00+0.0013%25.10 01:00+0.0013%
Gate25.10 00:00−0.0362%25.10 04:00−0.2589%
KuCoin25.10 00:00−0.0237%25.10 01:00−0.1102%
MEXC25.10 00:00−0.0033%25.10 01:00−0.0416%
OKX25.10 00:00−0.0592%25.10 04:00−0.3228%

The rate is per funding interval (it differs by exchange), in percent; times are UTC. «After t0» is shown only if the payment had already happened when the snapshot was taken.

Open interest

ExchangeWindow startAt t0Window endChange
Binance$15.7M$13.1M$13.5M−13.9%
Bingx$6.1M$5.4M$5.3M−13.5%
Bitget$2.8M$2.6M$3.1M+11.4%
Bybit$8.2M$7.2M$8.3M+1.2%
GATE$1M$855K$1.1M+7.2%
Kucoin$15.3M$14.3M$19.8M+29.3%
MEXC$2M$1.8M$2.1M+3.2%
OKX$4M$3.5M$4.3M+7.9%

Open interest in dollars, one-minute series; exchanges without a series are omitted.

APR: a series of 3 episodes — the strongest up 31.1% in 120 min

The move was confirmed by 12 exchanges: Gate, Coinbase, HTX, Bitget, OKX, Binance, KuCoin, Bybit, MEXC, BingX, Kraken, Aster DEX. The series began at 03:51:19 UTC; the strongest episode is #1: the detector flagged it at 03:51:19 UTC, the primary event was registered by our system at 04:00:37 UTC. Within the detector window (120 min) the price low is 0.0277 and the high is 0.0363; at the event it was 0.0363. Trading volume over the day reached $88.6M (maximum across legs).

The detector re-announces a long move every 30 min, so it arrived as a chain of episodes:

#t0 (UTC)ChangeWindowExchanges
103:51:19+31.1%120 min10
205:30:36+22.6%60 min10
306:17:58−30.1%60 min12
  • Gate · futures
  • Coinbase · spot
  • HTX · futures
  • Bitget · futures
  • Bitget · spot
  • OKX · futures
  • Binance · futures
  • KuCoin · futures
  • KuCoin · spot
Exchange prices aligned to the level 60 minutes before t0 (start of the move). Dashed lines are spot, solid lines are futures.

Prices by exchange

Exchange · market−60 min−30 min−10 mint0+10 min+30 minExtremeΔFirst threshold crossing (UTC)Crossing price
Gate · futures0.0310050.0292650.0303350.0329450.035680.036670.054465 · 06:10+75.7%03:50:59.7770.03281
Coinbase · spot0.03090.02920.03030.03280.03520.03690.0544 · 06:02+76.1%03:51:01.1140.0328
HTX · futures0.031150.029350.030450.03310.03490.03720.0547 · 06:01+75.6%03:51:05.7980.033
Bitget · futures0.0311350.0293150.0303450.0329550.0344550.0370250.054405 · 06:10+74.7%03:51:08.0000.03299
Bitget · spot0.0311850.0292850.0302850.03280.034410.0369850.05435 · 06:10+74.3%05:30:22.2080.04841
OKX · futures0.0311350.0293250.0303950.0329850.0345150.0369850.05478 · 06:01+75.9%03:51:08.0700.03298
Binance · futures0.0310750.029320.0303650.0328450.034760.036960.05471 · 06:01+76.1%03:51:08.5470.03293
KuCoin · futures0.0309250.029270.030370.0328550.036080.036930.05473 · 06:01+77.0%03:51:13.6870.03289
KuCoin · spot0.03080.02930.030350.032950.03470.03670.0543 · 06:10+76.3%05:30:17.6340.048
Bybit · futures——0.030350.032750.034650.036950.05465 · 06:02—04:00:18.8950.036
MEXC · futures——0.0304050.0328450.0354050.0369050.054735 · 06:02—04:00:26.5150.03597
MEXC · spot——0.0303350.032830.036450.0370.0545 · 06:02———
BingX · futures——0.0303450.0328050.03470.036940.05455 · 06:02—04:00:28.6380.03616
BingX · spot——0.03030.03280.03590.0370.05445 · 06:02———
Kraken · spot——————0.04176 · 06:31—06:47:57.2060.03768
Aster DEX · futures——————0.041875 · 06:31—07:04:54.7860.038607

Price is the bid/ask midpoint; a dash means no series point fresher than 120 s (300 s for the −60 min column). Δ is measured from the price 60 minutes before t0 to the extreme (minimum for drops, maximum for pumps). An asterisk marks a base taken from the first point of the window. “First threshold crossing” is the moment our detector first recorded this exchange's price passing the sharp-move threshold (detector clock, to the millisecond); it can be earlier than t0, the moment the detector recorded the move as a whole after stitching exchange data; if one exchange crossed the threshold within half an hour before a second one did, its time is noticeably earlier than t0. “Crossing price” is the exchange's price at that moment. A dash means no crossing is recorded for this exchange and market: the move happened before the detector began saving crossings, the record expired, or the threshold was crossed by another exchange or by another market of this one.

Spread between exchanges

No arbitrage events were recorded in the window. By the price series at t0 (03:51:19 UTC) the highest futures price was on HTX and the lowest on Bybit: a 1.1% gap. This is a gap between price feeds, not an executable spread: fees and order-book depth are not included.

Funding

ExchangeLast payment before t0RateFirst after t0Rate
Binance25.10 00:00+0.0050%25.10 04:00+0.0050%
BingX25.10 00:00+0.0050%25.10 04:00+0.0050%
Bybit25.10 00:00+0.0050%25.10 04:00+0.0050%
Gate25.10 00:00+0.0050%25.10 04:00+0.0169%
HTX25.10 00:00+0.0050%25.10 04:00+0.0050%
KuCoin25.10 00:00+0.0050%25.10 04:00+0.0050%
MEXC25.10 00:00+0.0050%25.10 04:00+0.0050%
OKX25.10 00:00+0.0050%25.10 04:00+0.0050%

The rate is per funding interval (it differs by exchange), in percent; times are UTC. «After t0» is shown only if the payment had already happened when the snapshot was taken.

Open interest

ExchangeWindow startAt t0Window endChange
Binance$8M$8.6M$10.6M+31.7%
Bingx$2M$2M$3.7M+84.1%
Bitget$1.8M$1.9M$2.4M+36.0%
Bybit$1.6M$1.9M$2.8M+78.2%
GATE$233K$247K$377K+61.9%
HTX$44.6K$44.8K$62.8K+40.8%
Kucoin$855K$903K$1.2M+36.2%
MEXC$554K$600K$693K+25.2%
OKX$1.4M$1.6M$2.2M+60.7%

Open interest in dollars, one-minute series; exchanges without a series are omitted.

Liquidations

Time (UTC)ExchangeSideNotionalPrice
04:58:40Binanceshort$44.6K0.04527
06:17:54Bybitlong$63.8K0.0419
06:21:33Bybitlong$68.8K0.0382
06:49:48Bybitlong$28.6K0.0342

TAG: a series of 2 episodes — the strongest up 30.9% in 89 min

The move was confirmed by 7 exchanges: On-chain DEX, Binance, BingX, Bitget, MEXC, Gate, KuCoin. The series began at 08:34:24 UTC; the strongest episode is #1: the detector flagged it at 08:34:24 UTC, the primary event was registered by our system at 08:36:36 UTC. Within the detector window (90 min) the price low is 0.0005277 and the high is 0.00069076; at the event it was 0.00069076. Trading volume over the day reached $11M (maximum across legs).

The detector re-announces a long move every 30 min, so it arrived as a chain of episodes:

#t0 (UTC)ChangeWindowExchanges
108:34:24+30.9%90 min6
210:51:13−23.2%120 min7
  • On-chain DEX · spot
  • Binance · futures
  • BingX · futures
Exchange prices aligned to the level 60 minutes before t0 (start of the move). Dashed lines are spot, solid lines are futures.

Prices by exchange

Exchange · market−60 min−30 min−10 mint0+10 min+30 minExtremeΔFirst threshold crossing (UTC)Crossing price
On-chain DEX · spot0.000550360.000553080.000559230.00063560.000632880.000643450.00070407 · 08:41+27.9%08:34:04.7930.00062114
Binance · futures0.00055040.00055320.00055940.00062520.000629250.000646750.0007053 · 08:39+28.1%08:34:19.2620.0006252
BingX · futures0.000551150.00055320.00055830.000617750.00062770.00064640.00070605 · 08:39+28.1%08:35:44.5460.0006518
Bitget · futures————0.00062640.00064720.0007041 · 08:41—08:36:17.6480.0006754
Bitget · spot————0.000624810.000647110.00070557 · 08:41—10:51:06.0900.00051368
MEXC · futures—————0.00064240.00067815 · 08:56—09:06:21.4500.000638
Gate · futures—————0.000644350.0006737 · 08:56———
Gate · spot—————0.000646750.00067665 · 08:56—09:06:25.5410.0006379
KuCoin · futures——————0.0006299 · 09:17———
KuCoin · spot—————0.0006420.0006785 · 08:56—10:51:02.0020.0005193

Price is the bid/ask midpoint; a dash means no series point fresher than 120 s (300 s for the −60 min column). Δ is measured from the price 60 minutes before t0 to the extreme (minimum for drops, maximum for pumps). An asterisk marks a base taken from the first point of the window. “First threshold crossing” is the moment our detector first recorded this exchange's price passing the sharp-move threshold (detector clock, to the millisecond); it can be earlier than t0, the moment the detector recorded the move as a whole after stitching exchange data; if one exchange crossed the threshold within half an hour before a second one did, its time is noticeably earlier than t0. “Crossing price” is the exchange's price at that moment. A dash means no crossing is recorded for this exchange and market: the move happened before the detector began saving crossings, the record expired, or the threshold was crossed by another exchange or by another market of this one.

Spread between exchanges

In the move window the arbitrage engine recorded events for 3 pairs; the largest net spread is 2.6%: On-chain pool – CEX futures, buy on On-chain DEX, sell on MEXC.

Time (UTC)TypeBuy · priceSell · priceSpreadNetDepth
09:00:59On-chain pool – CEX futuresOn-chain DEX · spot
0.00065202
MEXC · futures
0.0006693
2.7%2.6%—
09:05:46Futures–futuresMEXC
0.0006465
Binance
0.0006507
0.6%0.6%—
08:37:31Futures–DEXGate · futures
0.0006552
Aster DEX · futures
0.000658
0.4%0.3%—

Net is the executable spread: buy at the ask, sell at the bid, after fees (basis events have no net figure, only the spread). Depth is how many dollars fill without slippage.

Funding

ExchangeLast payment before t0RateFirst after t0Rate
Binance25.10 08:00+0.0050%——
BingX25.10 08:00+0.0050%——
Gate25.10 08:00−0.0106%——
KuCoin25.10 08:00+0.0050%——
MEXC25.10 08:00+0.0050%——

The rate is per funding interval (it differs by exchange), in percent; times are UTC. «After t0» is shown only if the payment had already happened when the snapshot was taken.

Open interest

ExchangeWindow startAt t0Window endChange
Binance$4.3M$4.8M$4.5M+5.1%
Bingx$1.1M$1.1M$1.7M+47.6%
Bitget$2.4M$2.6M$2.4M−1.1%
GATE$513K$558K$461K−10.3%
Kucoin$85.1K$92.4K$305K+258.1%
MEXC$4.3M$4.7M$3.1M−29.3%

Open interest in dollars, one-minute series; exchanges without a series are omitted.

LIGHT: down 33.5% in 22 min

The move was confirmed by 8 exchanges: OKX, KuCoin, Bybit, Gate, MEXC, Binance, Bitget, Aster DEX. The detector flagged it at 08:45:06 UTC; the primary event was registered by our system at 08:45:40 UTC. Within the detector window (30 min) the price low is 0.21002 and the high is 0.31594; at the event it was 0.21002. Trading volume over the day reached $101M (maximum across legs).

  • OKX · futures
  • KuCoin · futures
  • KuCoin · spot
  • Bybit · futures
  • Gate · futures
  • Gate · spot
  • MEXC · futures
  • MEXC · spot
  • Binance · futures
  • Bitget · spot
  • Aster DEX · futures
Exchange prices aligned to the level 60 minutes before t0 (start of the move). Dashed lines are spot, solid lines are futures. Values outside the scale (thin-market outliers) are clipped at the edge: 25.

Prices by exchange

Exchange · market−60 min−30 min−10 mint0+10 min+30 minExtremeΔFirst threshold crossing (UTC)Crossing price
OKX · futures0.28280.310950.305650.24380.23170.256350.1942 · 08:46−31.3%08:44:46.5590.2494
KuCoin · futures0.281970.310580.305260.243570.232080.25660.18605 · 08:46−34.0%——
KuCoin · spot0.282550.31120.306150.2460.23230.25750.1998 · 08:46−29.3%08:44:52.1830.2464
Bybit · futures0.28290.311740.30590.239310.231750.257180.20174 · 08:46−28.7%08:44:53.3040.2383
Gate · futures0.282950.311650.30550.245550.23250.256550.201 · 08:46−29.0%——
Gate · spot0.282630.310410.306140.245150.231440.256940.19172 · 08:46−32.2%08:44:53.8630.24515
MEXC · futures0.282950.31090.3080.23920.23210.256350.192 · 08:46−32.1%——
MEXC · spot0.28230.310850.30610.2470.23220.25930.198 · 08:46−29.9%08:44:57.6870.247
Binance · futures0.28320.31090.305950.24040.2320.256950.1868 · 08:46−34.0%08:45:00.0790.2404
Bitget · spot0.283080.310780.305660.257090.231330.256590.19558 · 08:46−30.9%08:45:05.6760.2446
Aster DEX · futures0.28330.311250.30620.246380.231250.256950.1972 · 08:46−30.4%08:45:29.6810.21286

Price is the bid/ask midpoint; a dash means no series point fresher than 120 s (300 s for the −60 min column). Δ is measured from the price 60 minutes before t0 to the extreme (minimum for drops, maximum for pumps). An asterisk marks a base taken from the first point of the window. “First threshold crossing” is the moment our detector first recorded this exchange's price passing the sharp-move threshold (detector clock, to the millisecond); it can be earlier than t0, the moment the detector recorded the move as a whole after stitching exchange data; if one exchange crossed the threshold within half an hour before a second one did, its time is noticeably earlier than t0. “Crossing price” is the exchange's price at that moment. A dash means no crossing is recorded for this exchange and market: the move happened before the detector began saving crossings, the record expired, or the threshold was crossed by another exchange or by another market of this one.

Spread between exchanges

In the move window the arbitrage engine recorded events for 1 pair; the largest spread is 2.5%: Basis (spot–futures), buy on KuCoin, sell on MEXC.

Time (UTC)TypeBuy · priceSell · priceSpreadNetDepth
08:46:13Basis (spot–futures)KuCoin · futures
0.2181
MEXC · spot
0.21259
2.5%——

Net is the executable spread: buy at the ask, sell at the bid, after fees (basis events have no net figure, only the spread). Depth is how many dollars fill without slippage.

Funding

ExchangeLast payment before t0RateFirst after t0Rate
Binance25.10 08:00+0.0177%——
Bybit25.10 08:00+0.0050%——
Gate25.10 08:00+0.0100%——
KuCoin25.10 08:00−0.0367%——
MEXC25.10 08:00+0.0177%——
OKX25.10 08:00+0.0050%——

The rate is per funding interval (it differs by exchange), in percent; times are UTC. «After t0» is shown only if the payment had already happened when the snapshot was taken.

Open interest

ExchangeWindow startAt t0Window endChange
Binance$9M$9.7M$7.3M−18.4%
Bybit$3.6M$3.6M$3.5M−3.6%
GATE$1.1M$1.2M$942K−17.6%
Kucoin$3.3M$3.6M$3.1M−7.8%
MEXC$793K$859K$706K−11.0%
OKX$1.5M$1.6M$1.3M−11.1%

Open interest in dollars, one-minute series; exchanges without a series are omitted.

APR: a series of 3 episodes — the strongest up 30.1% in 119 min

The move was confirmed by 12 exchanges: BingX, Coinbase, OKX, HTX, Bybit, Kraken, Binance, Bitget, Gate, KuCoin, Aster DEX, MEXC. The series began at 10:06:39 UTC; the strongest episode is #2: the detector flagged it at 11:10:13 UTC, the primary event was registered by our system at 11:19:09 UTC. Within the detector window (120 min) the price low is 0.03247 and the high is 0.04225; at the event it was 0.04225. Trading volume over the day reached $12.5M (maximum across legs).

The detector re-announces a long move every 30 min, so it arrived as a chain of episodes:

#t0 (UTC)ChangeWindowExchanges
110:06:39+20.8%90 min7
211:10:13+30.1%120 min12
312:28:08+20.1%30 min4
  • BingX · futures
  • BingX · spot
  • Coinbase · spot
  • OKX · futures
  • HTX · futures
  • Bybit · futures
  • Kraken · spot
  • Binance · futures
  • Bitget · futures
  • Bitget · spot
  • Gate · futures
  • KuCoin · futures
  • KuCoin · spot
  • Aster DEX · futures
  • MEXC · futures
  • MEXC · spot
Exchange prices aligned to the level 60 minutes before t0 (start of the move). Dashed lines are spot, solid lines are futures. Values outside the scale (thin-market outliers) are clipped at the edge: 18.

Prices by exchange

Exchange · market−60 min−30 min−10 mint0+10 min+30 minExtremeΔFirst threshold crossing (UTC)Crossing price
BingX · futures0.0329950.0344450.0356250.0383150.0357450.0377850.044995 · 11:27+36.4%10:06:19.3770.03843
BingX · spot0.0330.03460.035750.038350.03570.03780.0449 · 11:30+36.1%——
Coinbase · spot0.032850.03440.03550.03840.03570.03770.04565 · 12:35+39.0%10:06:19.8900.0384
OKX · futures0.032890.034510.035630.038520.03570.037720.04484 · 11:28+36.3%10:06:23.1550.03851
HTX · futures—0.03460.03570.03850.035850.037950.04575 · 12:35+39.7%*10:22:36.8720.0396
Bybit · futures—0.034350.035550.03820.03570.037650.04625 · 12:35+41.2%*10:22:38.4580.0395
Kraken · spot—0.0344050.0355950.038410.035260.0377550.045 · 11:27+37.8%*10:22:42.6430.03932
Binance · futures—0.034510.0356050.0383950.0357450.037740.04489 · 11:28+37.1%*10:38:06.5470.03872
Bitget · futures—0.0345250.0356450.0383450.0356950.037970.045045 · 11:28+37.3%*11:09:52.9750.03911
Bitget · spot—0.0345350.035630.0384050.0356350.0380650.044915 · 11:28+36.9%*——
Gate · futures—0.0345750.0356750.0385050.0357050.0377150.04519 · 11:27+37.8%*11:09:59.2600.03914
KuCoin · futures—0.034510.035660.038470.0357650.0378450.044955 · 11:28+37.1%*——
KuCoin · spot—0.03450.03570.03840.035750.03810.0449 · 11:37+37.3%*11:10:04.6660.0394
Aster DEX · futures—0.0344950.0356450.038410.035760.03770.044725 · 11:27+36.4%*11:10:08.7540.03933
MEXC · futures—0.0344950.0355750.0383750.0356450.0380250.04627 · 12:35+41.5%*11:10:10.1700.0393
MEXC · spot—0.0344150.035530.037990.035650.038010.045785 · 12:35+40.1%*——

Price is the bid/ask midpoint; a dash means no series point fresher than 120 s (300 s for the −60 min column). Δ is measured from the price 60 minutes before t0 to the extreme (minimum for drops, maximum for pumps). An asterisk marks a base taken from the first point of the window. “First threshold crossing” is the moment our detector first recorded this exchange's price passing the sharp-move threshold (detector clock, to the millisecond); it can be earlier than t0, the moment the detector recorded the move as a whole after stitching exchange data; if one exchange crossed the threshold within half an hour before a second one did, its time is noticeably earlier than t0. “Crossing price” is the exchange's price at that moment. A dash means no crossing is recorded for this exchange and market: the move happened before the detector began saving crossings, the record expired, or the threshold was crossed by another exchange or by another market of this one.

Spread between exchanges

No arbitrage events were recorded in the window. By the price series at t0 (10:06:39 UTC) the highest futures price was on OKX and the lowest on Bybit: a 0.8% gap. This is a gap between price feeds, not an executable spread: fees and order-book depth are not included.

Funding

ExchangeLast payment before t0RateFirst after t0Rate
Binance25.10 08:00+0.0393%25.10 12:00+0.0276%
BingX25.10 08:00+0.0409%25.10 12:00+0.0267%
Bybit25.10 08:00+0.0050%25.10 12:00+0.0050%
Gate25.10 08:00+0.0050%25.10 12:00+0.0088%
HTX25.10 08:00+0.0050%25.10 12:00+0.0050%
KuCoin25.10 08:00+0.0050%25.10 12:00+0.0050%
MEXC25.10 08:00+0.0396%25.10 12:00+0.0275%
OKX25.10 08:00+0.0050%25.10 12:00+0.0050%

The rate is per funding interval (it differs by exchange), in percent; times are UTC. «After t0» is shown only if the payment had already happened when the snapshot was taken.

Open interest

ExchangeWindow startAt t0Window endChange
Binance$9.2M$11.3M$13.6M+48.8%
Bingx$3.7M$4.1M$5.5M+48.4%
Bitget$2M$2.3M$2.9M+45.8%
Bybit$2.7M$3.4M$3.9M+45.5%
GATE$318K$352K$405K+27.5%
HTX$59.6K$70.5K$90.1K+51.1%
Kucoin$1.1M$1.4M$1.8M+66.5%
MEXC$592K$1M$856K+44.6%
OKX$2.1M$2.5M$2.9M+38.6%

Open interest in dollars, one-minute series; exchanges without a series are omitted.

XCN: a series of 4 episodes — the strongest up 42.2% in 43 min

The move was confirmed by 5 exchanges: Gate, Coinbase, Kraken, HTX, KuCoin. The series began at 11:36:24 UTC; the strongest episode is #1: the detector flagged it at 11:36:24 UTC, the primary event was registered by our system at 11:45:28 UTC. Within the detector window (60 min) the price low is 0.003914 and the high is 0.005566; at the event it was 0.005566. Trading volume over the day reached $2M (maximum across legs).

The detector re-announces a long move every 30 min, so it arrived as a chain of episodes:

#t0 (UTC)ChangeWindowExchanges
111:36:24+42.2%60 min4
212:37:31−23.8%60 min2
313:07:43−22.1%90 min2
413:37:43−21.2%120 min4
  • Gate · spot
  • Coinbase · spot
Exchange prices aligned to the level 60 minutes before t0 (start of the move). Dashed lines are spot, solid lines are futures. Values outside the scale (thin-market outliers) are clipped at the edge: 3.

Prices by exchange

Exchange · market−60 min−30 min−10 mint0+10 min+30 minExtremeΔFirst threshold crossing (UTC)Crossing price
Gate · futures————0.0045750.0042540.0046635 · 11:59———
Gate · spot0.0040140.00395050.0041790.00494750.0049510.00432250.005566 · 11:45+38.7%11:36:04.2740.004888
Coinbase · spot0.0040105—0.00417150.0047890.0048440.00432650.005167 · 11:58+28.8%11:36:05.9630.00473
Kraken · spot————0.00480.0043150.005115 · 11:51—11:45:19.0220.00482
HTX · spot————0.004805—0.0051 · 12:00—11:45:24.6650.004712
KuCoin · spot——0.00417950.00477960.00485060.00433220.0052085 · 11:58—13:07:28.7630.0041659

Price is the bid/ask midpoint; a dash means no series point fresher than 120 s (300 s for the −60 min column). Δ is measured from the price 60 minutes before t0 to the extreme (minimum for drops, maximum for pumps). An asterisk marks a base taken from the first point of the window. “First threshold crossing” is the moment our detector first recorded this exchange's price passing the sharp-move threshold (detector clock, to the millisecond); it can be earlier than t0, the moment the detector recorded the move as a whole after stitching exchange data; if one exchange crossed the threshold within half an hour before a second one did, its time is noticeably earlier than t0. “Crossing price” is the exchange's price at that moment. A dash means no crossing is recorded for this exchange and market: the move happened before the detector began saving crossings, the record expired, or the threshold was crossed by another exchange or by another market of this one.

Spread between exchanges

In the move window the arbitrage engine recorded events for 1 pair; the largest net spread is 0.1%: Spot–spot, buy on Kraken, sell on Gate.

Time (UTC)TypeBuy · priceSell · priceSpreadNetDepth
11:41:24Spot–spotKraken
0.00466
Gate
0.004685
0.5%0.1%$1.6K

Net is the executable spread: buy at the ask, sell at the bid, after fees (basis events have no net figure, only the spread). Depth is how many dollars fill without slippage.

Funding

ExchangeLast payment before t0RateFirst after t0Rate
BingX25.10 08:00−0.0415%25.10 12:00−1.0660%
Bybit25.10 08:00−0.0604%25.10 12:00−1.4347%
Gate25.10 08:00+0.0050%25.10 12:00−0.6243%

The rate is per funding interval (it differs by exchange), in percent; times are UTC. «After t0» is shown only if the payment had already happened when the snapshot was taken.

Open interest

ExchangeWindow startAt t0Window endChange
Bingx$220K$220K$220K0.0%
Bybit$1.3M$1.7M$1.9M+43.0%
GATE$139K$166K$191K+37.8%

Open interest in dollars, one-minute series; exchanges without a series are omitted.

Q: a series of 2 episodes — the strongest down 30.1% in 69 min

The move was confirmed by 9 exchanges: On-chain DEX, Gate, Binance, MEXC, Bitget, KuCoin, Bybit, Aster DEX, BingX. The series began at 15:17:54 UTC; the strongest episode is #1: the detector flagged it at 15:17:54 UTC, the primary event was registered by our system at 15:25:42 UTC. Within the detector window (90 min) the price low is 0.057619 and the high is 0.082489; at the event it was 0.057619. Trading volume over the day reached $85.9M (maximum across legs).

The detector re-announces a long move every 30 min, so it arrived as a chain of episodes:

#t0 (UTC)ChangeWindowExchanges
115:17:54−30.1%90 min9
216:25:42−20.5%120 min9
  • On-chain DEX · spot
  • Gate · futures
  • Gate · spot
  • Binance · futures
  • MEXC · futures
  • MEXC · spot
  • Bitget · futures
  • Bitget · spot
  • KuCoin · futures
  • KuCoin · spot
  • Bybit · futures
  • Aster DEX · futures
  • BingX · futures
  • BingX · spot
Exchange prices aligned to the level 60 minutes before t0 (start of the move). Dashed lines are spot, solid lines are futures.

Prices by exchange

Exchange · market−60 min−30 min−10 mint0+10 min+30 minExtremeΔFirst threshold crossing (UTC)Crossing price
On-chain DEX · spot0.0821770.0750430.067210.0622320.0569470.057150.055841 · 15:30−32.0%14:56:28.2060.06594
Gate · futures0.0821510.0751390.0674660.0623230.0571910.058040.056324 · 15:46−31.4%——
Gate · spot0.0823280.0759630.0673750.0621680.0574330.0574580.055827 · 15:32−32.2%15:17:49.2150.062292
Binance · futures—0.0753380.0671460.062330.0572150.0577130.055425 · 15:30−30.0%*15:25:24.1610.058476
MEXC · futures—0.0757340.0673820.0622520.0575120.0574030.055574 · 15:30−30.0%*15:25:25.1810.058733
MEXC · spot—0.0750610.0673880.0635130.0573070.0575990.055405 · 15:30−30.4%*——
Bitget · futures—0.075420.0673980.0621310.0574090.05760.056024 · 15:30−29.2%*——
Bitget · spot—0.0759790.0672140.0623770.0572720.0575850.056237 · 15:30−29.2%*15:25:26.0640.057882
KuCoin · futures—0.0752950.0672560.0622630.0574860.0576470.056329 · 15:32−29.0%*15:25:27.0730.058634
KuCoin · spot—0.075470.0671440.0622910.0572540.0574320.056041 · 15:30−29.6%*16:25:23.3020.063106
Bybit · futures—0.0754950.06720.0624250.0574050.0575650.055715 · 15:30−30.0%*15:25:27.7380.05911
Aster DEX · futures—0.0756090.0671080.062090.056920.0576470.056396 · 15:30−28.8%*15:25:29.3990.058712
BingX · futures—0.0756830.0671660.0623450.0574010.0581120.056111 · 15:32−29.2%*15:25:35.3480.05869
BingX · spot—0.0770770.0672180.0634650.057130.0577360.056407 · 15:30−29.1%*——

Price is the bid/ask midpoint; a dash means no series point fresher than 120 s (300 s for the −60 min column). Δ is measured from the price 60 minutes before t0 to the extreme (minimum for drops, maximum for pumps). An asterisk marks a base taken from the first point of the window. “First threshold crossing” is the moment our detector first recorded this exchange's price passing the sharp-move threshold (detector clock, to the millisecond); it can be earlier than t0, the moment the detector recorded the move as a whole after stitching exchange data; if one exchange crossed the threshold within half an hour before a second one did, its time is noticeably earlier than t0. “Crossing price” is the exchange's price at that moment. A dash means no crossing is recorded for this exchange and market: the move happened before the detector began saving crossings, the record expired, or the threshold was crossed by another exchange or by another market of this one.

Spread between exchanges

No arbitrage events were recorded in the window. By the price series at t0 (15:17:54 UTC) the highest futures price was on Bybit and the lowest on Aster DEX: a 0.5% gap. This is a gap between price feeds, not an executable spread: fees and order-book depth are not included.

Funding

ExchangeLast payment before t0RateFirst after t0Rate
Binance25.10 12:00−0.0559%25.10 16:00+0.0050%
BingX25.10 12:00−0.0064%25.10 16:00+0.0050%
Bybit25.10 12:00−0.0759%25.10 16:00+0.0050%
Gate25.10 12:00−0.0724%25.10 16:00−0.0336%
HTX25.10 12:00+0.0050%25.10 16:00+0.0050%
KuCoin25.10 12:00−0.0476%25.10 16:00−0.0182%
MEXC25.10 12:00−0.0559%25.10 16:00+0.0050%

The rate is per funding interval (it differs by exchange), in percent; times are UTC. «After t0» is shown only if the payment had already happened when the snapshot was taken.

Open interest

ExchangeWindow startAt t0Window endChange
Binance$14.5M$11.8M$11.3M−22.1%
Bingx$2.3M$2.7M$3.1M+34.5%
Bitget$6M$4.7M$4.3M−28.0%
Bybit$5.4M$3.8M$4.2M−23.0%
GATE$502K$445K$753K+50.2%
HTX$21.5K$20.1K$20.7K−3.9%
Kucoin$2.8M$2.4M$2.1M−23.0%
MEXC$804K$632K$765K−4.7%

Open interest in dollars, one-minute series; exchanges without a series are omitted.

KIMCHI: a series of 3 episodes — the strongest up 78.6% in 56 min

The move was confirmed by 3 exchanges: BingX, MEXC, Gate. The series began at 20:51:06 UTC; the strongest episode is #1: the detector flagged it at 20:51:06 UTC, the primary event was registered by our system at 20:51:07 UTC. Within the detector window (60 min) the price low is 0.00593 and the high is 0.01359; at the event it was 0.01059. Trading volume over the day reached $1.1M (maximum across legs).

The detector re-announces a long move every 30 min, so it arrived as a chain of episodes:

#t0 (UTC)ChangeWindowExchanges
120:51:06+78.6%60 min2
222:34:09−20.9%90 min3
323:32:44−20.2%120 min2
  • BingX · futures
Exchange prices aligned to the level 60 minutes before t0 (start of the move). Dashed lines are spot, solid lines are futures. Values outside the scale (thin-market outliers) are clipped at the edge: 3.

Prices by exchange

Exchange · market−60 min−30 min−10 mint0+10 min+30 minExtremeΔFirst threshold crossing (UTC)Crossing price
BingX · futures0.0060150.0133550.011120.0107050.0117150.011930.014475 · 20:23+140.6%20:50:46.8520.01059
MEXC · futures———0.010750.011570.011920.01263 · 21:14—20:50:49.4630.0107
MEXC · spot——0.0111350.010650.0118350.012160.01306 · 21:17———
Gate · futures——0.0109750.0106080.0115330.0117580.012405 · 21:14—22:33:49.3780.009813

Price is the bid/ask midpoint; a dash means no series point fresher than 120 s (300 s for the −60 min column). Δ is measured from the price 60 minutes before t0 to the extreme (minimum for drops, maximum for pumps). An asterisk marks a base taken from the first point of the window. “First threshold crossing” is the moment our detector first recorded this exchange's price passing the sharp-move threshold (detector clock, to the millisecond); it can be earlier than t0, the moment the detector recorded the move as a whole after stitching exchange data; if one exchange crossed the threshold within half an hour before a second one did, its time is noticeably earlier than t0. “Crossing price” is the exchange's price at that moment. A dash means no crossing is recorded for this exchange and market: the move happened before the detector began saving crossings, the record expired, or the threshold was crossed by another exchange or by another market of this one.

Spread between exchanges

No arbitrage events were recorded in the window. By the price series at t0 (20:51:06 UTC) the highest futures price was on MEXC and the lowest on Gate: a 1.3% gap. This is a gap between price feeds, not an executable spread: fees and order-book depth are not included.

Funding

ExchangeLast payment before t0RateFirst after t0Rate
BingX25.10 20:00−0.0088%26.10 00:00+0.0098%
Gate25.10 20:00+0.0050%26.10 00:00−0.0366%
MEXC25.10 20:00−0.0126%26.10 00:00+0.0140%

The rate is per funding interval (it differs by exchange), in percent; times are UTC. «After t0» is shown only if the payment had already happened when the snapshot was taken.

Methodology and caveats

  • What counts as an event. A sharp move is a price change of 20% or more in a window of 30, 60, 90 or 120 minutes (the window is how far back the detector looks; the move itself can be much shorter than the window). The review includes moves confirmed by at least 2 exchanges: a single-exchange move is usually a thin pair or a false tick.
  • Prices. bid/ask series from the exchanges; a series price is the midpoint. A point is written when the price changes, typically every 7–18 seconds. «Price at a moment» is the last point not later than that moment and not older than 120 seconds.
  • First threshold crossing. This is the time on our detector's clock (to the millisecond): the moment it first recorded the exchange's price passing the move threshold. It shows the order in which exchange data reached the detector, not proof of who moved first: data delivery delays differ between exchanges. Where these columns are absent or show a dash, the order of exchanges in the text is the order in which events reached our stream (resolution about 1 second, about 3 for HTX and BingX).
  • Time. All times are UTC. «Registered by our system» is the moment the event was written to our database, not the moment an alert was sent.
  • Spread. Executable spread: buy at the ask, sell at the bid; net is after fees. Rows are events of our arbitrage engine, not a promise of a trade: order-book depth and withdrawals may not allow it.
  • Data limits. Price series lose some points over the following hours (that is how price history is stored), so snapshots taken later than scheduled are poorer. In this review 0 of 147 snapshots were taken more than 5 minutes late.
  • This is information, not investment advice. The data describe what happened; the review makes no forecasts.