LPT arbitrage explained
Right now Livepeer (LPT) trades on 9 venues we scan: 9 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $1.64 and the highest bid on Variational perp at $1.64.
The widest LPT perpetual spread is between Binance and Variational: long LPT on Binance at $1.64 and short on Variational at $1.64 for +0.28% gross, or +0.12% 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 +0.037% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best LPT route is to buy spot on Binance and short the perpetual on Variational: +0.16% gross, -0.04% net, with -0.013% a day of funding on the short leg.
Spot–spot LPT arbitrage (buy on Binance, withdraw, deposit and sell on Gate) 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 LPT 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: LPT funding rates · LPT spread charts · Livepeer price · arbitrage scanner for all coins.