BTT arbitrage explained
Right now BitTorrent (BTT) trades on 6 venues we scan: 3 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Bitget spot at $0.00000037 and the highest bid on MEXC perp at $0.00000037.
The widest BTT perpetual spread is between Bybit and MEXC: long BTT on Bybit at $0.00000037 and short on MEXC at $0.00000037 for -0.03% gross, or -0.19% 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 -0.001% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best BTT route is to buy spot on Bitget and short the perpetual on Bybit: +0.05% gross, -0.15% net, with -0.882% a day of funding on the short leg.
Spot–spot BTT arbitrage (buy on Bitget, withdraw, deposit and sell on Gate) 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 BTT 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: BTT funding rates · BTT spread charts · BitTorrent price · arbitrage scanner for all coins.