LA arbitrage explained
Right now Lagrange (LA) trades on 8 venues we scan: 8 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $0.0641 and the highest bid on Gate spot at $0.0643.
The widest LA perpetual spread is between OKX and Bybit: long LA on OKX at $0.0641 and short on Bybit at $0.0642 for +0.08% gross, or -0.08% 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 LA route is to buy spot on KuCoin and short the perpetual on Bybit: -0.12% gross, -0.32% net, with +0.030% a day of funding on the short leg.
Spot–spot LA arbitrage (buy on KuCoin, withdraw, deposit and sell on Gate) 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 LA 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: LA funding rates · LA spread charts · Lagrange price · arbitrage scanner for all coins.