BAND arbitrage explained
Right now Band (BAND) trades on 8 venues we scan: 8 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.2233 and the highest bid on Bitget perp at $0.2238.
The widest BAND perpetual spread is between Binance and Bitget: long BAND on Binance at $0.2233 and short on Bitget at $0.2238 for +0.22% gross, or +0.06% 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 BAND route is to buy spot on Gate and short the perpetual on Bitget: +0.13% gross, -0.07% net, with +0.030% a day of funding on the short leg.
Spot–spot BAND arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows -0.04% 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 BAND 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: BAND funding rates · BAND spread charts · Band price · arbitrage scanner for all coins.