LRC arbitrage explained
Right now Loopring (LRC) trades on 6 venues we scan: 5 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on OKX spot at $0.009639 and the highest bid on MEXC spot at $0.009666.
The widest LRC perpetual spread is between Bybit and Variational: long LRC on Bybit at $0.00966 and short on Variational at $0.009645 for -0.16% gross, or -0.32% 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 -0.000% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best LRC route is to buy spot on OKX and short the perpetual on Variational: +0.06% gross, -0.14% net, with +0.030% a day of funding on the short leg.
Spot–spot LRC arbitrage (buy on OKX, withdraw, deposit and sell on MEXC) shows +0.28% 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 LRC 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: LRC funding rates · LRC spread charts · Loopring price · arbitrage scanner for all coins.