GLM arbitrage explained
Right now Golem (GLM) trades on 8 venues we scan: 7 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.1268 and the highest bid on KuCoin spot at $0.1269.
The widest GLM perpetual spread is between Binance and Gate: long GLM on Binance at $0.1268 and short on Gate at $0.1269 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 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best GLM route is to buy spot on Binance and short the perpetual on Gate: -0.08% gross, -0.28% net, with +0.015% a day of funding on the short leg.
Spot–spot GLM arbitrage (buy on Binance, withdraw, deposit and sell on OKX) shows -0.08% 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 GLM 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: GLM funding rates · GLM spread charts · Golem price · arbitrage scanner for all coins.