BLEND arbitrage explained
Right now Fluent (BLEND) trades on 7 venues we scan: 6 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on KuCoin perp at $0.0651 and the highest bid on Gate spot at $0.0652.
The widest BLEND perpetual spread is between KuCoin and Aster: long BLEND on KuCoin at $0.0651 and short on Aster at $0.0652 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 +0.290% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best BLEND route is to buy spot on Bybit and short the perpetual on Aster: -0.03% gross, -0.23% net, with +0.030% a day of funding on the short leg.
Spot–spot BLEND arbitrage (buy on Bybit, withdraw, deposit and sell on Gate) shows -0.02% 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 BLEND 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: BLEND funding rates · BLEND spread charts · Fluent price · arbitrage scanner for all coins.