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 KuCoin spot at $0.2044 and the highest bid on OKX perp at $0.2048.
The widest LIGHT perpetual spread is between KuCoin and OKX: long LIGHT on KuCoin at $0.2044 and short on OKX at $0.2048 for +0.18% gross, or +0.02% 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 -0.056% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best LIGHT route is to buy spot on KuCoin and short the perpetual on OKX: +0.20% gross, -0.00% net, with +0.136% a day of funding on the short leg.
Spot–spot LIGHT arbitrage (buy on KuCoin, withdraw, deposit and sell on Gate) shows -0.06% 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.