GIGGLE arbitrage explained
Right now Giggle Fund (GIGGLE) trades on 9 venues we scan: 9 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $35.92 and the highest bid on Bybit perp at $35.95.
The widest GIGGLE perpetual spread is between Binance and Bybit: long GIGGLE on Binance at $35.92 and short on Bybit at $35.95 for +0.08% gross, or -0.08% 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 GIGGLE route is to buy spot on Binance and short the perpetual on Bybit: +0.06% gross, -0.14% net, with +0.030% a day of funding on the short leg.
Spot–spot GIGGLE arbitrage (buy on Binance, withdraw, deposit and sell on Gate) shows +0.03% 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 GIGGLE 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: GIGGLE funding rates · GIGGLE spread charts · Giggle Fund price · arbitrage scanner for all coins.