DATA arbitrage explained
Right now Data Network (DATA) trades on 6 venues we scan: 6 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $0.2052 and the highest bid on Bybit spot at $0.2059.
The widest DATA perpetual spread is between MEXC and Bybit: long DATA on MEXC at $0.2052 and short on Bybit at $0.2053 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 -2.024% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best DATA route is to buy spot on KuCoin and short the perpetual on Bybit: -0.29% gross, -0.49% net, with -1.998% a day of funding on the short leg.
Spot–spot DATA arbitrage (buy on KuCoin, withdraw, deposit and sell on Bybit) 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 DATA 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: DATA funding rates · DATA spread charts · Data Network price · arbitrage scanner for all coins.