H arbitrage explained
Right now Humanity (H) trades on 9 venues we scan: 8 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.0677 and the highest bid on Aster perp at $0.0678.
The widest H perpetual spread is between Bybit and Aster: long H on Bybit at $0.0677 and short on Aster at $0.0678 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 H route is to buy spot on Gate and short the perpetual on Aster: +0.10% gross, -0.10% net, with +0.030% a day of funding on the short leg.
Spot–spot H arbitrage (buy on Gate, withdraw, deposit and sell on Bybit) 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 H 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: H funding rates · H spread charts · Humanity price · arbitrage scanner for all coins.