BB arbitrage explained
Right now BitBoard (BB) trades on 7 venues we scan: 7 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.008961 and the highest bid on Binance spot at $0.00898.
The widest BB perpetual spread is between Bybit and KuCoin: long BB on Bybit at $0.008961 and short on KuCoin at $0.00897 for +0.10% 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 +0.267% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best BB route is to buy spot on Bitget and short the perpetual on KuCoin: -0.11% gross, -0.31% net, with +0.030% a day of funding on the short leg.
Spot–spot BB arbitrage (buy on Bitget, withdraw, deposit and sell on Binance) shows 0.00% 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 BB 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: BB funding rates · BB spread charts · BitBoard price · arbitrage scanner for all coins.