MAVIA arbitrage explained
Right now Heroes of Mavia (MAVIA) trades on 6 venues we scan: 6 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.0315 and the highest bid on KuCoin perp at $0.0316.
The widest MAVIA perpetual spread is between Gate and KuCoin: long MAVIA on Gate at $0.0316 and short on KuCoin at $0.0316 for +0.16% gross, or -0.00% 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 MAVIA route is to buy spot on Gate and short the perpetual on KuCoin: +0.38% gross, +0.18% net, with +0.030% a day of funding on the short leg.
Spot–spot MAVIA arbitrage (buy on Gate, withdraw, deposit and sell on Bybit) 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 MAVIA 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: MAVIA funding rates · MAVIA spread charts · Heroes of Mavia price · arbitrage scanner for all coins.