DBR arbitrage explained
Right now deBridge (DBR) trades on 6 venues we scan: 3 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.0182 and the highest bid on KuCoin spot at $0.0183.
The widest DBR perpetual spread is between Bybit and MEXC: long DBR on Bybit at $0.0182 and short on MEXC at $0.0182 for -0.16% gross, or -0.32% 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 DBR route is to buy spot on Bybit and short the perpetual on Bybit: -0.22% gross, -0.42% net, with +0.030% a day of funding on the short leg.
Spot–spot DBR arbitrage (buy on Bybit, withdraw, deposit and sell on KuCoin) shows -0.05% 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 DBR 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: DBR funding rates · DBR spread charts · deBridge price · arbitrage scanner for all coins.