DEXE arbitrage explained
Right now DeXe (DEXE) trades on 8 venues we scan: 7 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on KuCoin spot at $1.85 and the highest bid on Bybit perp at $1.85.
The widest DEXE perpetual spread is between Gate and Bybit: long DEXE on Gate at $1.85 and short on Bybit at $1.85 for +0.11% gross, or -0.05% 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 DEXE route is to buy spot on KuCoin and short the perpetual on Bybit: +0.11% gross, -0.09% net, with +0.030% a day of funding on the short leg.
Spot–spot DEXE arbitrage (buy on KuCoin, withdraw, deposit and sell on Binance) shows +0.01% 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.