DODO arbitrage explained
Right now DODO trades on 5 venues we scan: 2 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on MEXC spot at $0.0188 and the highest bid on MEXC perp at $0.0188.
The widest DODO perpetual spread is between KuCoin and MEXC: long DODO on KuCoin at $0.0189 and short on MEXC at $0.0188 for -0.26% gross, or -0.42% 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 -0.145% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best DODO route is to buy spot on MEXC and short the perpetual on MEXC: +0.27% gross, +0.07% net, with +0.176% a day of funding on the short leg.
Spot–spot DODO arbitrage (buy on MEXC, withdraw, deposit and sell on Binance) 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 DODO 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: DODO funding rates · DODO spread charts · DODO price · arbitrage scanner for all coins.