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 Variational perp at $0.5822 and the highest bid on Bitget spot at $0.5854.
The widest BR perpetual spread is between Variational and HTX: long BR on Variational at $0.5822 and short on HTX at $0.5852 for +0.52% gross, or +0.36% 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 -0.015% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best BR route is to buy spot on Gate and short the perpetual on HTX: +0.01% gross, -0.19% net, with +0.015% a day of funding on the short leg.
Spot–spot BR arbitrage (buy on Gate, withdraw, deposit and sell on Bitget) shows +0.04% 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.