BANK arbitrage explained
Right now Lorenzo Protocol (BANK) trades on 8 venues we scan: 8 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.0277 and the highest bid on HTX perp at $0.0278.
The widest BANK perpetual spread is between Binance and HTX: long BANK on Binance at $0.0277 and short on HTX at $0.0278 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 +0.004% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best BANK route is to buy spot on Gate and short the perpetual on HTX: +0.14% gross, -0.06% net, with +0.015% a day of funding on the short leg.
Spot–spot BANK arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows -0.11% 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 BANK 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: BANK funding rates · BANK spread charts · Lorenzo Protocol price · arbitrage scanner for all coins.