BNT arbitrage explained
Right now Bancor Network (BNT) trades on 7 venues we scan: 6 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Bitget perp at $0.3278 and the highest bid on MEXC spot at $0.3285.
The widest BNT perpetual spread is between Bitget and Gate: long BNT on Bitget at $0.3278 and short on Gate at $0.3282 for +0.12% gross, or -0.04% 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 +0.071% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best BNT route is to buy spot on Gate and short the perpetual on Gate: +0.09% gross, -0.11% net, with +0.101% a day of funding on the short leg.
Spot–spot BNT arbitrage (buy on Gate, withdraw, deposit and sell on MEXC) shows +0.18% 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 BNT 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: BNT funding rates · BNT spread charts · Bancor Network price · arbitrage scanner for all coins.