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 $0.1262 and the highest bid on Bybit perp at $0.1264.
The widest GLM perpetual spread is between Binance and Bybit: long GLM on Binance at $0.1262 and short on Bybit at $0.1264 for +0.13% gross, or -0.03% 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 +0.006% 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 Gate 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 GLM arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows +0.02% 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.