LYN arbitrage explained
Right now Everlyn (LYN) trades on 7 venues we scan: 7 perpetual markets, 2 spot markets and 0 DEX pools. The lowest ask is on KuCoin spot at $0.0199 and the highest bid on Bitget perp at $0.02.
The widest LYN perpetual spread is between Bybit and Bitget: long LYN on Bybit at $0.0199 and short on Bitget at $0.02 for +0.30% gross, or +0.14% 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 +1.163% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best LYN route is to buy spot on KuCoin and short the perpetual on Bitget: +0.35% gross, +0.15% net, with +1.320% a day of funding on the short leg.
Spot–spot LYN arbitrage (buy on KuCoin, withdraw, deposit and sell on MEXC) shows -0.10% 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 LYN 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: LYN funding rates · LYN spread charts · Everlyn price · arbitrage scanner for all coins.