BAN arbitrage explained
Right now Comedian (BAN) trades on 8 venues we scan: 8 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.065 and the highest bid on KuCoin perp at $0.0652.
The widest BAN perpetual spread is between Gate and KuCoin: long BAN on Gate at $0.065 and short on KuCoin at $0.0652 for +0.38% gross, or +0.22% 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 BAN route is to buy spot on Gate and short the perpetual on KuCoin: +0.34% gross, +0.14% net, with +0.030% a day of funding on the short leg.
Spot–spot BAN arbitrage (buy on Gate, withdraw, deposit and sell on Bybit) shows -0.06% 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 BAN 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: BAN funding rates · BAN spread charts · Comedian price · arbitrage scanner for all coins.