EDU arbitrage explained
Right now Open Campus (EDU) trades on 7 venues we scan: 7 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on KuCoin spot at $0.0627 and the highest bid on Bybit perp at $0.0628.
The widest EDU perpetual spread is between MEXC and Bybit: long EDU on MEXC at $0.0627 and short on Bybit at $0.0628 for +0.13% gross, or -0.03% 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 EDU route is to buy spot on KuCoin and short the perpetual on Bybit: +0.18% gross, -0.02% net, with +0.030% a day of funding on the short leg.
Spot–spot EDU arbitrage (buy on KuCoin, withdraw, deposit and sell on Gate) shows +0.02% 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 EDU 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: EDU funding rates · EDU spread charts · Open Campus price · arbitrage scanner for all coins.