LQTY arbitrage explained
Right now Liquity (LQTY) trades on 8 venues we scan: 8 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $0.2372 and the highest bid on MEXC spot at $0.2375.
The widest LQTY perpetual spread is between Binance and Bybit: long LQTY on Binance at $0.2372 and short on Bybit at $0.2373 for +0.04% 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 +0.002% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best LQTY route is to buy spot on OKX and short the perpetual on Bybit: -0.13% gross, -0.33% net, with +0.030% a day of funding on the short leg.
Spot–spot LQTY arbitrage (buy on OKX, withdraw, deposit and sell on MEXC) 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 LQTY 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: LQTY funding rates · LQTY spread charts · Liquity price · arbitrage scanner for all coins.