HAEDAL arbitrage explained
Right now Haedal Protocol (HAEDAL) trades on 7 venues we scan: 7 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.0188 and the highest bid on Gate perp at $0.0188.
The widest HAEDAL perpetual spread is between Binance and Gate: long HAEDAL on Binance at $0.0188 and short on Gate at $0.0188 for +0.05% gross, or -0.11% 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 +0.064% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best HAEDAL route is to buy spot on Binance and short the perpetual on Gate: 0.00% gross, -0.20% net, with +0.030% a day of funding on the short leg.
Spot–spot HAEDAL arbitrage (buy on Binance, withdraw, deposit and sell on MEXC) shows -0.05% 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 HAEDAL 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: HAEDAL funding rates · HAEDAL spread charts · Haedal Protocol price · arbitrage scanner for all coins.