ARK arbitrage explained
Right now ARK trades on 7 venues we scan: 7 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.2105 and the highest bid on Bybit perp at $0.2118.
The widest ARK perpetual spread is between Binance and Bybit: long ARK on Binance at $0.2105 and short on Bybit at $0.2118 for +0.60% gross, or +0.44% 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 +0.110% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best ARK route is to buy spot on Binance and short the perpetual on Bybit: +0.41% gross, +0.21% net, with -0.194% a day of funding on the short leg.
Spot–spot ARK arbitrage (buy on Binance, withdraw, deposit and sell on Gate) shows -0.09% 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 ARK 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: ARK funding rates · ARK spread charts · ARK price · arbitrage scanner for all coins.