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Tread.fi (TREAD) arbitrage

As of 2026-10-25 05:51 UTC, the best route is to buy TREAD on Kraken at 0.677 USD and sell on Hyperliquid at 0.68664 USDC, 1.08% after taker fees, +$11 on $1,000 at the best book prices, the withdrawal fee is unknown and not counted. The transfer status of TREAD between these exchanges is unknown.

Futures: no TREAD route is in profit after fees right now.

TREAD on 3 exchanges spot and 1 in futures: live routes, past spreads and how long they last.

Prices at · open routes a minute older; real time in the scanners on paid plans · How we count

Price
$0.682904
24h volume
$641.7K
Exchanges
3
3 spot · 1 futures
Routes now
1
0 take · 1 risky
Gaps in 7 days
92
55 over a minute

Tread.fi (TREAD) right now

TREAD is cheapest on Kraken ($0.682904) and dearest on Hyperliquid ($0.687404): 0.66% apart across 2 exchanges with a liquid spot market, before fees.

1 route in profit after fees is worth a look ("take" or "risky"); the best: Kraken → Hyperliquid, 1.08%.

Over 7 days a spread in profit opened 92 times, and 55 of them lasted a minute or longer; one usually closed within 2 min 30 s.

Tread.fi (TREAD) arbitrage opportunities now

Spot → spot, with a transfer

RouteSpreadSize at best priceTransferVerdict
Kraken → HyperliquidUSD → USDC1.079%—Kraken does not publish network statusRisky

Tread.fi (TREAD): net spread between exchanges

Where to buy and where to sell: the net spread after taker fees at the best book prices, for every pair of exchanges with a liquid spot market. A cell in profit with an open transfer leads to the route page.

Where to buy ↓ / where to sell →, net spread after taker fees, data as of 2026-10-25 05:51 UTC
Buy ↓ / sell →HyperliquidKrakenMEXC
Hyperliquid—−1.08%−2.99%
Kraken+0.23% (transfer unverified)—−2.63%
MEXC−0.35%−1.29%—
  • +0.00% ⊘ — transfer closed: withdrawal or deposit closed, no common network or different tokens under the ticker, do not count on that profit
  • +0.00% ✕ — the engine flags the pair as suspect (price outlier, dead book), do not count on that profit
  • +0.00% ! — verdict avoid
  • +0.00% ? — the exchanges publish no network status, whether the coins can arrive is unknown
  • −0.00% — not in profit after fees

Tread.fi (TREAD) arbitrage strategy

No TREAD route worth taking with an open transfer right now. Gaps of a minute or longer open several times a week, though — here is how to catch the next one:

  1. Watch Kraken TREAD/USD → Hyperliquid TREAD/USDC: the spread opened there 30 times in 7 days, 24 of them for a minute or longer; it usually lasts 9 min 38 s.
  2. Check the transfer in advance: Kraken or Hyperliquid does not publish its network status.
  3. Set an alert on the route: you hear when the spread pays after fees. Then buy on Kraken and sell on Hyperliquid.

The route and its alert →

Tread.fi (TREAD) price on every exchange

Refreshed every 10 seconds. The best buy and sell prices are highlighted.

Spot · 3

ExchangeBidAskBook spread24h volume
HyperliquidTREAD/USDC0.6866400.6866500.00%$436.3K
KrakenTREAD/USD0.6814000.6827000.19%$144.7K
MEXCTREAD/USDT0.6677000.6890003.14%$36K

Perpetual futures · 1

ExchangeBidAskBook spreadFunding24h volume
KrakenTREAD/USD0.6771000.6772000.01%0.4958%/1h$24.7K

How often Tread.fi (TREAD) spreads open

Exchange pairs between which the price drifted apart with a profit after fees over 7 days. “Over a minute” counts the gaps that held for a minute or longer: those can be caught. The rest are flashes of seconds that close before an order arrives.

MarketRouteOver a minuteGapsMedian lifetime
spot → spotKraken spot USD → Hyperliquid spot USDC24309 min 38 s
spot ↔ perpMEXC spot → MEXC perp102136 s
spot → spotHyperliquid spot USDC → Kraken spot USD10191 min 03 s
spot → spotMEXC spot → Hyperliquid spot USDC6112 min 06 s
spot → spotHyperliquid spot USDC → MEXC spot3936 s
spot → spotKraken spot USD → MEXC spot223 min 18 s

Networks, deposits and withdrawals

Whether the coin can be moved between exchanges: withdrawals open where you buy and deposits open where you sell. Refreshed every 5 minutes.

NetworkExchangeDepositWithdrawWithdrawal fee
ETHBitvavoopenopen1.6 TREAD
MEXCopenopen1 TREAD

Gaps of a minute or longer, last 7 days

When (UTC)MarketRouteSpreadLastedTransfer
Oct 25, 03:33 AMspot → spotMEXC → Hyperliquid2.393%1 h 38 minTransfer status unknown
Oct 24, 09:33 PMspot → spotKraken → Hyperliquid0.913%40 min 51 sTransfer status unknown
Oct 24, 07:21 PMspot → spotKraken → Hyperliquid0.872%17 min 48 sTransfer status unknown
Oct 24, 06:43 PMspot → spotKraken → Hyperliquid1.946%21 min 18 sTransfer status unknown
Oct 24, 05:50 PMspot → spotMEXC → Hyperliquid0.571%9 min 03 sTransfer status unknown
Oct 24, 05:29 PMspot → spotKraken → Hyperliquid2.206%55 min 00 sTransfer status unknown
Oct 24, 05:18 PMspot → spotKraken → Hyperliquid2.547%9 min 39 sTransfer status unknown
Oct 24, 04:44 PMspot → spotKraken → Hyperliquid1.675%21 min 33 sTransfer status unknown
Oct 24, 04:25 PMspot → spotKraken → Hyperliquid2.157%12 min 44 sTransfer status unknown
Oct 24, 04:15 PMspot → spotKraken → Hyperliquid1.710%6 min 57 sTransfer status unknown
Oct 24, 01:17 PMspot → spotKraken → Hyperliquid1.268%1 min 39 sTransfer status unknown
Oct 24, 01:12 PMspot → spotKraken → Hyperliquid0.649%1 min 06 sTransfer status unknown
Oct 24, 12:41 PMspot → spotHyperliquid → Kraken1.373%11 min 39 sTransfer status unknown
Oct 24, 12:13 PMspot → spotHyperliquid → Kraken0.488%1 min 03 sTransfer status unknown
Oct 24, 12:02 PMspot → spotKraken → Hyperliquid0.483%1 min 27 sTransfer status unknown
Oct 24, 10:36 AMspot → spotKraken → Hyperliquid0.871%6 min 54 sTransfer status unknown
Oct 24, 10:36 AMspot → spotMEXC → Hyperliquid0.855%5 min 42 sTransfer status unknown
Oct 24, 10:22 AMspot → spotKraken → Hyperliquid0.870%4 min 36 sTransfer status unknown
Oct 24, 08:54 AMspot → spotHyperliquid → Kraken0.560%3 min 03 sTransfer status unknown
Oct 24, 08:35 AMspot → spotMEXC → Hyperliquid2.374%14 min 36 sTransfer status unknown
Oct 24, 08:35 AMspot → spotKraken → Hyperliquid2.247%14 min 36 sTransfer status unknown
Oct 24, 07:40 AMspot → spotHyperliquid → MEXC0.855%9 min 06 sTransfer status unknown
Oct 24, 07:37 AMspot → spotHyperliquid → Kraken1.265%4 min 57 sTransfer status unknown
Oct 24, 07:29 AMspot → spotKraken → Hyperliquid0.964%2 min 15 sTransfer status unknown
Oct 24, 07:08 AMspot → spotKraken → Hyperliquid0.459%11 min 03 sTransfer status unknown
Oct 24, 06:26 AMspot ↔ perpMEXC → MEXC0.124%1 min 54 s—
Oct 24, 05:55 AMspot → spotHyperliquid → MEXC1.163%20 min 42 sTransfer status unknown
Oct 24, 05:17 AMspot → spotHyperliquid → MEXC0.231%2 min 21 sTransfer status unknown
Oct 24, 04:37 AMspot → spotHyperliquid → Kraken1.303%28 min 30 sTransfer status unknown
Oct 24, 01:27 AMspot ↔ perpMEXC → MEXC1.146%14 min 39 s—
Oct 24, 01:20 AMspot → spotHyperliquid → Kraken0.919%2 h 01 minTransfer status unknown
Oct 24, 12:55 AMspot → spotKraken → Hyperliquid1.642%2 min 30 sTransfer status unknown
Oct 23, 11:37 PMspot → spotKraken → Hyperliquid2.048%1 h 14 minTransfer status unknown
Oct 23, 11:17 PMspot → spotKraken → Hyperliquid1.358%3 min 45 sTransfer status unknown
Oct 23, 11:04 PMspot → spotHyperliquid → Kraken2.016%5 min 12 sTransfer status unknown
Oct 23, 08:14 PMspot → spotKraken → Hyperliquid1.626%52 min 21 sTransfer status unknown
Oct 23, 10:03 AMspot → spotKraken → Hyperliquid0.955%27 min 00 sTransfer status unknown
Oct 22, 01:09 AMspot ↔ perpMEXC → MEXC0.513%7 min 45 s—
Oct 22, 01:02 AMspot ↔ perpMEXC → MEXC0.221%3 min 09 s—
Oct 21, 05:42 PMspot → spotHyperliquid → Kraken2.156%10 min 18 sTransfer status unknown
Oct 21, 02:40 AMspot → spotKraken → Hyperliquid0.839%29 min 54 sTransfer status unknown
Oct 21, 02:40 AMspot → spotMEXC → Hyperliquid0.352%2 min 06 sTransfer status unknown
Oct 20, 09:43 PMspot → spotKraken → Hyperliquid1.740%49 min 03 sTransfer status unknown
Oct 20, 04:49 PMspot → spotKraken → Hyperliquid1.466%32 min 24 sTransfer status unknown
Oct 20, 02:46 PMspot → spotMEXC → Hyperliquid2.484%2 min 30 sTransfer status unknown
Oct 19, 09:15 PMspot → spotHyperliquid → Kraken2.282%6 min 48 sTransfer status unknown
Oct 19, 03:59 PMspot ↔ perpMEXC → MEXC0.964%1 min 21 s—
Oct 19, 03:59 PMspot → spotKraken → MEXC1.667%3 min 18 sTransfer status unknown
Oct 19, 03:16 PMspot ↔ perpMEXC → MEXC1.347%5 min 30 s—
Oct 19, 03:11 PMspot ↔ perpMEXC → MEXC0.118%1 min 12 s—

Spread at the peak after taker fees. Lifetime is measured to about 3 s.

More on Tread.fi (TREAD)

TREAD trades on: Hyperliquid, Kraken, MEXC

FAQ

Is there an arbitrage opportunity in Tread.fi (TREAD) right now?

1 route is open now; the best nets 1.08% after trading and withdrawal fees between Kraken and Hyperliquid.

Why is the Tread.fi (TREAD) spread so high on some exchanges?

1 route in profit after fees is worth a look ("take" or "risky"); the engine's commonest warnings: best-level size unknown; transfer status unknown. We have no network status from Hyperliquid and Kraken, so a transfer there cannot be checked.

Where is Tread.fi (TREAD) cheapest to buy?

Cheapest now on Kraken: $0.682904; dearest on Hyperliquid: $0.687404, 0.66% apart. 2 exchanges with a liquid TREAD market compared, at the mid between bid and ask.

What is the Tread.fi (TREAD) spread now?

0.66% between the cheapest (Kraken) and the dearest (Hyperliquid) exchange, before fees. No route worth taking with an open transfer right now.