1INCH arbitrage explained
Right now 1INCH trades on 8 venues we scan: 8 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.0993 and the highest bid on KuCoin spot at $0.0995.
The widest 1INCH perpetual spread is between Bybit and MEXC: long 1INCH on Bybit at $0.0993 and short on MEXC at $0.0993 for +0.07% gross, or -0.09% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.048% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best 1INCH route is to buy spot on Bybit and short the perpetual on MEXC: -0.24% gross, -0.44% net, with -0.058% a day of funding on the short leg.
Spot–spot 1INCH arbitrage (buy on Bybit, withdraw, deposit and sell on KuCoin) shows -0.04% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small 1INCH gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: 1INCH funding rates · 1INCH spread charts · 1INCH price · arbitrage scanner for all coins.