DEXE arbitrage explained
Right now DeXe (DEXE) trades on 8 venues we scan: 7 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $1.85 and the highest bid on Variational perp at $1.85.
The widest DEXE perpetual spread is between Binance and Variational: long DEXE on Binance at $1.85 and short on Variational at $1.85 for +0.16% gross, or -0.00% 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 pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best DEXE route is to buy spot on Gate and short the perpetual on Variational: +0.13% gross, -0.07% net, with +0.030% a day of funding on the short leg.
Spot–spot DEXE arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows -0.03% 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 DEXE 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: DEXE funding rates · DEXE spread charts · DeXe price · arbitrage scanner for all coins.