GP arbitrage
live
Live Graphite Protocol price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.
Best net spread-3.81%Gate → MEXC · Perp–Perp
Best perp–perp spread-3.65%Gate → MEXC
Markets tracked32 venues · 2 perp · 1 spot · 0 DEX
Price range1.45%$0.00296 – $0.003003
GP price on every exchange
GP arbitrage explained
Right now Graphite Protocol (GP) trades on 2 venues we scan: 2 perpetual markets, 1 spot market and 0 DEX pools. The lowest ask is on Gate perp at $0.00301 and the highest bid on MEXC spot at $0.002969.
The widest GP perpetual spread is between Gate and MEXC: long GP on Gate at $0.00301 and short on MEXC at $0.0029 for -3.65% gross, or -3.81% 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 -0.105% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best GP route is to buy spot on MEXC and short the perpetual on Gate: -4.18% gross, -4.38% net, with +0.030% a day of funding on the short leg.
Small GP 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: GP funding rates · GP spread charts · Graphite Protocol price · arbitrage scanner for all coins.
Is there a GP arbitrage opportunity right now?
The best GP route right now is to buy on Gate → sell on MEXC (Perp–Perp): -3.65% gross and -3.81% after fees. After fees it is not profitable, which is normal for liquid coins.
Which exchange has the cheapest GP?
Gate (perp) has the lowest GP ask at $0.00301, and MEXC (spot) the highest bid at $0.002969. Prices update every 15 seconds on this page.
How many exchanges list GP?
ArbiLayer tracks 3 GP markets on 2 venues: 2 perpetual, 1 spot and 0 DEX pools.
How do I arbitrage GP without transferring coins?
Use two perpetual contracts: go long GP on the cheaper exchange (Gate now) and short it on the more expensive one (MEXC), then close both legs when the spread converges. The coins never move between exchanges.
Arbitrage for other coins