EVAA arbitrage explained
Right now EVAA Protocol (EVAA) trades on 7 venues we scan: 7 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.7162 and the highest bid on Bitget perp at $0.7173.
The widest EVAA perpetual spread is between Gate and Bitget: long EVAA on Gate at $0.7168 and short on Bitget at $0.7173 for +0.07% 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 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best EVAA route is to buy spot on Gate and short the perpetual on Bitget: +0.15% gross, -0.05% net, with +0.030% a day of funding on the short leg.
Spot–spot EVAA arbitrage (buy on Gate, withdraw, deposit and sell on Bitget) shows +0.06% 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 EVAA 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: EVAA funding rates · EVAA spread charts · EVAA Protocol price · arbitrage scanner for all coins.