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 $0.009862 and the highest bid on Gate spot at $0.009864.
The widest LRC perpetual spread is between Bybit and MEXC: long LRC on Bybit at $0.00987 and short on MEXC at $0.00986 for -0.10% gross, or -0.26% 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 collects 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 Bybit: -0.02% gross, -0.22% net, with +0.030% a day of funding on the short leg.
Spot–spot LRC arbitrage (buy on OKX, withdraw, deposit and sell on Gate) shows +0.02% 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.