BULLA arbitrage explained
Right now BULLA trades on 5 venues we scan: 4 perpetual markets, 2 spot markets and 0 DEX pools. The lowest ask is on Aster perp at $0.0806 and the highest bid on Gate perp at $0.0806.
The widest BULLA perpetual spread is between Aster and Gate: long BULLA on Aster at $0.0806 and short on Gate at $0.0806 for +0.05% gross, or -0.11% 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 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best BULLA route is to buy spot on MEXC and short the perpetual on Gate: -0.03% gross, -0.23% net, with +0.030% a day of funding on the short leg.
Spot–spot BULLA arbitrage (buy on KuCoin, withdraw, deposit and sell on MEXC) shows -0.58% 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 BULLA 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: BULLA funding rates · BULLA spread charts · BULLA price · arbitrage scanner for all coins.