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 $2.35 and the highest bid on Binance perp at $2.36.
The widest FOLKS perpetual spread is between KuCoin and Binance: long FOLKS on KuCoin at $2.35 and short on Binance at $2.36 for +0.21% gross, or +0.05% 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 MEXC and short the perpetual on Binance: +0.16% gross, -0.04% net, with +0.030% a day of funding on the short leg.
Spot–spot FOLKS arbitrage (buy on MEXC, withdraw, deposit and sell on KuCoin) 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.