BANANAS31 arbitrage explained
Right now Banana For Scale (BANANAS31) trades on 8 venues we scan: 8 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.007067 and the highest bid on Binance spot at $0.007075.
The widest BANANAS31 perpetual spread is between Binance and Bybit: long BANANAS31 on Binance at $0.007067 and short on Bybit at $0.007072 for +0.07% gross, or -0.09% 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 BANANAS31 route is to buy spot on Gate and short the perpetual on Bybit: -0.01% gross, -0.21% net, with +0.030% a day of funding on the short leg.
Spot–spot BANANAS31 arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows +0.03% 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 BANANAS31 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: BANANAS31 funding rates · BANANAS31 spread charts · Banana For Scale price · arbitrage scanner for all coins.