ATH arbitrage explained
Right now Aethir (ATH) trades on 9 venues we scan: 9 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $0.006768 and the highest bid on Bitget spot at $0.00679.
The widest ATH perpetual spread is between Variational and MEXC: long ATH on Variational at $0.006768 and short on MEXC at $0.006786 for +0.27% gross, or +0.11% 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 ATH route is to buy spot on Gate and short the perpetual on MEXC: +0.06% gross, -0.14% net, with +0.030% a day of funding on the short leg.
Spot–spot ATH arbitrage (buy on Gate, withdraw, deposit and sell on Bitget) shows +0.12% 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 ATH 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: ATH funding rates · ATH spread charts · Aethir price · arbitrage scanner for all coins.