EGLD arbitrage explained
Right now MultiversX (EGLD) trades on 8 venues we scan: 8 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on MEXC spot at $3.94 and the highest bid on OKX spot at $4.07.
The widest EGLD perpetual spread is between Bybit and Gate: long EGLD on Bybit at $4.03 and short on Gate at $4.04 for +0.25% gross, or +0.09% 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 -0.386% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best EGLD route is to buy spot on MEXC and short the perpetual on Gate: +2.61% gross, +2.41% net, with -0.356% a day of funding on the short leg.
Spot–spot EGLD arbitrage (buy on MEXC, withdraw, deposit and sell on OKX) shows +3.20% 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 EGLD 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: EGLD funding rates · EGLD spread charts · MultiversX price · arbitrage scanner for all coins.