ARGUS arbitrage explained
Right now Argus (ARGUS) trades on 3 venues we scan: 3 perpetual markets, 2 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.0142 and the highest bid on Aster perp at $0.0143.
The widest ARGUS perpetual spread is between MEXC and Aster: long ARGUS on MEXC at $0.0142 and short on Aster at $0.0143 for +0.56% gross, or +0.40% 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 +0.113% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best ARGUS route is to buy spot on MEXC and short the perpetual on Aster: -0.21% gross, -0.41% net, with +0.030% a day of funding on the short leg.
Spot–spot ARGUS arbitrage (buy on Gate, withdraw, deposit and sell on MEXC) shows -0.58% 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 ARGUS 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: ARGUS funding rates · ARGUS spread charts · Argus price · arbitrage scanner for all coins.