FET arbitrage explained
Right now Artificial Superintelligence Alliance (FET) trades on 10 venues we scan: 9 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.2312 and the highest bid on Bitget perp at $0.2314.
The widest FET perpetual spread is between Binance and Bitget: long FET on Binance at $0.2312 and short on Bitget at $0.2314 for +0.09% gross, or -0.07% 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 +0.002% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best FET route is to buy spot on Binance and short the perpetual on Bitget: +0.04% gross, -0.16% net, with +0.030% a day of funding on the short leg.
Spot–spot FET arbitrage (buy on Binance, withdraw, deposit and sell on Bybit) shows +0.04% 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 FET 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: FET funding rates · FET spread charts · Artificial Superintelligence Alliance price · arbitrage scanner for all coins.