FOLKS arbitrage explained
Right now FOLKS trades on 8 venues we scan: 8 perpetual markets, 2 spot markets and 0 DEX pools. The lowest ask is on KuCoin perp at $2.46 and the highest bid on Bitget perp at $2.46.
The widest FOLKS perpetual spread is between KuCoin and Bitget: long FOLKS on KuCoin at $2.46 and short on Bitget at $2.46 for +0.15% gross, or -0.01% 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 FOLKS route is to buy spot on KuCoin and short the perpetual on Bitget: +0.13% gross, -0.07% net, with +0.030% a day of funding on the short leg.
Spot–spot FOLKS arbitrage (buy on KuCoin, withdraw, deposit and sell on MEXC) shows -0.19% 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 FOLKS 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: FOLKS funding rates · FOLKS spread charts · FOLKS price · arbitrage scanner for all coins.