FIGHT arbitrage explained
Right now FIGHT trades on 7 venues we scan: 7 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Bybit spot at $0.003821 and the highest bid on Gate perp at $0.003835.
The widest FIGHT perpetual spread is between Bybit and Gate: long FIGHT on Bybit at $0.003825 and short on Gate at $0.003835 for +0.26% gross, or +0.10% 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 FIGHT route is to buy spot on Bybit and short the perpetual on Gate: +0.37% gross, +0.17% net, with +0.030% a day of funding on the short leg.
Spot–spot FIGHT arbitrage (buy on MEXC, withdraw, deposit and sell on Bybit) shows -0.13% 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 FIGHT 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: FIGHT funding rates · FIGHT spread charts · FIGHT price · arbitrage scanner for all coins.