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 KuCoin spot at $0.0789 and the highest bid on Gate perp at $0.0791.
The widest BULLA perpetual spread is between Binance and Gate: long BULLA on Binance at $0.0791 and short on Gate at $0.0791 for +0.02% gross, or -0.14% 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 +0.226% 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 KuCoin and short the perpetual on Gate: +0.28% gross, +0.08% net, with +0.400% a day of funding on the short leg.
Spot–spot BULLA arbitrage (buy on KuCoin, withdraw, deposit and sell on MEXC) shows +0.11% 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.