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 Gate perp at $0.00999 and the highest bid on MEXC spot at $0.01.
The widest LRC perpetual spread is between Gate and Bybit: long LRC on Gate at $0.00999 and short on Bybit at $0.00999 for 0.00% gross, or -0.16% 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 Gate and short the perpetual on Bybit: -0.01% gross, -0.21% net, with +0.030% a day of funding on the short leg.
Spot–spot LRC arbitrage (buy on Gate, withdraw, deposit and sell on MEXC) shows +0.35% 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.