ALPINE arbitrage explained
Right now Alpine F1 Team Fan Token (ALPINE) trades on 7 venues we scan: 6 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.3693 and the highest bid on Gate spot at $0.3703.
The widest ALPINE perpetual spread is between Gate and KuCoin: long ALPINE on Gate at $0.3693 and short on KuCoin at $0.3696 for +0.08% gross, or -0.08% 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 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best ALPINE route is to buy spot on Bitget and short the perpetual on KuCoin: +0.03% gross, -0.17% net, with +0.030% a day of funding on the short leg.
Spot–spot ALPINE arbitrage (buy on Bitget, withdraw, deposit and sell on Gate) shows +0.22% 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 ALPINE 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: ALPINE funding rates · ALPINE spread charts · Alpine F1 Team Fan Token price · arbitrage scanner for all coins.