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 MEXC spot at $0.0181 and the highest bid on Bybit perp at $0.0181.
The widest DBR perpetual spread is between Variational and Bybit: long DBR on Variational at $0.0182 and short on Bybit at $0.0181 for -0.17% gross, or -0.33% 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 MEXC and short the perpetual on Bybit: +0.06% gross, -0.14% net, with +0.030% a day of funding on the short leg.
Spot–spot DBR arbitrage (buy on MEXC, 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.