AR arbitrage explained
Right now Arweave (AR) trades on 10 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on KuCoin perp at $4.25 and the highest bid on Gate spot at $4.26.
The widest AR perpetual spread is between KuCoin and Hyperliquid: long AR on KuCoin at $4.25 and short on Hyperliquid at $4.26 for +0.11% gross, or -0.05% 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 AR route is to buy spot on Binance and short the perpetual on Hyperliquid: -0.01% gross, -0.21% net, with +0.030% a day of funding on the short leg.
Spot–spot AR arbitrage (buy on Binance, withdraw, deposit and sell on Gate) shows +0.02% 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 AR 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: AR funding rates · AR spread charts · Arweave price · arbitrage scanner for all coins.