MUSEBOOK arbitrage explained
Right now musebook (MUSEBOOK) trades on 2 venues we scan: 2 perpetual markets, 2 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.00003126 and the highest bid on Gate perp at $0.00003135.
The widest MUSEBOOK perpetual spread is between Gate and MEXC: long MUSEBOOK on Gate at $0.00003149 and short on MEXC at $0.00003132 for -0.54% gross, or -0.70% 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 +0.090% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best MUSEBOOK route is to buy spot on Gate and short the perpetual on Gate: +0.29% gross, +0.09% net, with +0.030% a day of funding on the short leg.
Spot–spot MUSEBOOK arbitrage (buy on Gate, withdraw, deposit and sell on MEXC) shows -0.13% 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 MUSEBOOK 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: MUSEBOOK funding rates · MUSEBOOK spread charts · musebook price · arbitrage scanner for all coins.