P2P Arbitrage – Live Spread
Cross-exchange spreads on USDT right now. Buy where it's cheapest, sell where it's richest, pocket the difference.
Only merchant pairs whose offered liquidity covers your trade size are shown. Numbers are gross of network fees, withdrawal limits, and slippage — real execution typically removes another 0.1–0.3% as merchants exit before payment confirms.
All live P2P merchants
| Platform | Merchant | Buy (INR) | Sell (INR) | Payment | Completion | |
|---|---|---|---|---|---|---|
| Kucoin | Zigs Safehaven Merchant$ | ₹114.00 | ₹99.01 | UPI | 99.2% | Trade |
| Kucoin | SHIV BHAKT | ₹107.89 | ₹102.21 | IMPS | 97.9% | Trade |
| Kucoin | Dollar Drive | ₹106.00 | ₹98.57 | UPI | 96.3% | Trade |
| Kucoin | YADAV TRADER .. | — | ₹102.00 | UPI | 97.4% | Trade |
| Kucoin | 2 MIN PAYMENT SIR ONLY | — | ₹101.32 | IMPS, Google Pay +7 | 95.6% | Trade |
| Kucoin | Quick Payx | — | ₹102.51 | Google Pay, Bank Transfer (India) +5 | 97.9% | Trade |
| Kucoin | SAMIMMOLLA | — | ₹98.00 | UPI, IMPS +5 | 99.7% | Trade |
| Kucoin | SufionX - SFPL_INDIA | ₹109.25 | ₹101.20 | UPI, Bank Transfer (India) +1 | 99.6% | Trade |
| Htx | Fograsikz | — | ₹135.81 | Alipay, WeChat | 94.0% | Trade |
| Htx | khursheedalam | ₹106.50 | ₹101.50 | IMPS, UPI +1 | 83.0% | Trade |
| Htx | Make_Profit | — | ₹101.31 | Paytm, IMPS +1 | 100.0% | Trade |
| Kucoin | Jay Shri Krishna | ₹108.65 | ₹87.50 | UPI | 94.5% | Trade |
| Kucoin | Guptas | — | ₹92.51 | Google Pay, Paytm +4 | 94.4% | Trade |
| Kucoin | Patel-Trader | ₹107.50 | ₹102.55 | Digital eRupee | 96.9% | Trade |
| Kucoin | Bhumi-Farms | — | ₹101.50 | UPI, Paytm +4 | 91.2% | Trade |
| Kucoin | Crypto-World | — | ₹96.56 | Bank Transfer (India), Airtel Money +6 | 92.7% | Trade |
| Okx | King's-Traders | — | ₹95.00 | UPI, IMPS +3 | 98.5% | Trade |
| Okx | PEREYRAEXCHANGE | — | ₹95.38 | bank, UPI +2 | 88.1% | Trade |
| Okx | AMMAN_CRYPTO | — | ₹93.23 | bank, UPI +3 | 98.5% | Trade |
| Okx | worldexchanger | — | ₹93.00 | bank, UPI +1 | 98.6% | Trade |
| Okx | Pay°in°Second | — | ₹94.10 | bank, UPI +3 | 99.5% | Trade |
| Okx | M5TradeXHuB | — | ₹93.30 | bank, UPI +3 | 97.7% | Trade |
| Kucoin | Born to rich | ₹108.99 | ₹100.10 | UPI, Paytm | 78.1% | Trade |
| Okx | CR7TRADER+ | — | ₹91.18 | bank, UPI +3 | 99.7% | Trade |
| Okx | NexusExchange | — | ₹95.01 | bank, UPI +3 | 99.7% | Trade |
| Kucoin | Crypto_Profit | ₹108.49 | ₹102.31 | UPI | 97.1% | Trade |
How P2P arbitrage works
At any moment, the cheapest BUY price on one P2P exchange may be lower than the highest SELL price on another. That gap is the arbitrage. You buy USDT cheap on exchange A, transfer it to exchange B (or hold across pre-funded accounts), and sell at the higher price.
The "Spread" card at the top of this page shows the live difference. Above 1% is worth a closer look — below that, network fees and slippage usually eat the margin.
What shrinks the spread
Network fee when moving USDT between exchanges — typically a few cents on TRC-20 USDT, more on ERC-20. Free if you keep balances pre-funded on both exchanges.
Slippage — the cheap merchant may go offline before you confirm payment, or the merchant on the sell side may pull their offer. Realistic execution is 70–80% on tight spreads, near-100% on wide ones.
Withdrawal limits — some exchanges throttle daily withdrawals, capping how often you can rotate capital between venues.
Sizing trades
The merchants in the live table show their max trade size — start small (≈$300–500 equivalent) on a new merchant pair, scale once you've cleared two or three round-trips successfully. Never park capital on an exchange longer than the trade itself; P2P escrow is fine but exchange-level risk is real.
Live data on OpenRate
For deeper market data — per-exchange ad books, payment-method breakdowns and 24h volume — see the live dashboards on openrate.live.