BR arbitrage explained
Right now Bedrock (BR) trades on 9 venues we scan: 9 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Bitget perp at $0.5818 and the highest bid on Variational perp at $0.5831.
The widest BR perpetual spread is between Bitget and Variational: long BR on Bitget at $0.5818 and short on Variational at $0.5831 for +0.23% gross, or +0.07% 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 +0.273% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best BR route is to buy spot on Bybit and short the perpetual on Variational: +0.14% gross, -0.06% net, with +0.030% a day of funding on the short leg.
Spot–spot BR 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 BR 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: BR funding rates · BR spread charts · Bedrock price · arbitrage scanner for all coins.