LAPTOP arbitrage explained
Right now Hunter Biden's Laptop (LAPTOP) trades on 3 venues we scan: 2 perpetual markets, 2 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.089 and the highest bid on KuCoin spot at $0.0894.
The widest LAPTOP perpetual spread is between Gate and Aster: long LAPTOP on Gate at $0.089 and short on Aster at $0.088 for -1.12% gross, or -1.28% 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 +0.033% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best LAPTOP route is to buy spot on Gate and short the perpetual on Gate: -1.61% gross, -1.81% net, with -0.225% a day of funding on the short leg.
Spot–spot LAPTOP arbitrage (buy on Gate, withdraw, deposit and sell on KuCoin) shows -0.04% 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 LAPTOP 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: LAPTOP funding rates · LAPTOP spread charts · Hunter Biden's Laptop price · arbitrage scanner for all coins.