AIO arbitrage explained
Right now OlaXBT (AIO) trades on 7 venues we scan: 7 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.0407 and the highest bid on MEXC perp at $0.0408.
The widest AIO perpetual spread is between Gate and Binance: long AIO on Gate at $0.0407 and short on Binance at $0.0408 for +0.17% gross, or +0.01% 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 +0.011% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best AIO route is to buy spot on KuCoin and short the perpetual on Binance: +0.10% gross, -0.10% net, with +0.030% a day of funding on the short leg.
Spot–spot AIO arbitrage (buy on KuCoin, withdraw, deposit and sell on Bitget) shows +0.00% 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 AIO 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: AIO funding rates · AIO spread charts · OlaXBT price · arbitrage scanner for all coins.