CLANKER arbitrage explained
Right now tokenbot (CLANKER) trades on 8 venues we scan: 8 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $13.96 and the highest bid on MEXC perp at $13.97.
The widest CLANKER perpetual spread is between Binance and MEXC: long CLANKER on Binance at $13.97 and short on MEXC at $13.97 for 0.00% gross, or -0.16% 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 +0.002% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best CLANKER route is to buy spot on Gate and short the perpetual on MEXC: +0.10% gross, -0.10% net, with +0.119% a day of funding on the short leg.
Spot–spot CLANKER arbitrage (buy on Gate, withdraw, deposit and sell on KuCoin) shows -0.08% 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 CLANKER 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: CLANKER funding rates · CLANKER spread charts · tokenbot price · arbitrage scanner for all coins.