LIGHT arbitrage explained
Right now Bitlight (LIGHT) trades on 8 venues we scan: 7 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.1971 and the highest bid on OKX perp at $0.1975.
The widest LIGHT perpetual spread is between Bybit and OKX: long LIGHT on Bybit at $0.1973 and short on OKX at $0.1975 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 +0.094% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best LIGHT route is to buy spot on Gate and short the perpetual on OKX: +0.19% gross, -0.01% net, with +0.124% a day of funding on the short leg.
Spot–spot LIGHT arbitrage (buy on Gate, withdraw, deposit and sell on Bitget) shows -0.07% 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 LIGHT 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: LIGHT funding rates · LIGHT spread charts · Bitlight price · arbitrage scanner for all coins.