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 Bybit perp at $0.0202 and the highest bid on Bitget perp at $0.0202.
The widest LYN perpetual spread is between Bybit and Bitget: long LYN on Bybit at $0.0202 and short on Bitget at $0.0202 for +0.20% gross, or +0.04% 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 +0.250% 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 MEXC and short the perpetual on Bitget: +0.20% gross, -0.00% net, with +0.280% a day of funding on the short leg.
Spot–spot LYN arbitrage (buy on MEXC, withdraw, deposit and sell on KuCoin) shows -0.25% 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.