NAORIS arbitrage explained
Right now NaoX Protocol (NAORIS) trades on 8 venues we scan: 8 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on MEXC spot at $0.0322 and the highest bid on Bybit perp at $0.0323.
The widest NAORIS perpetual spread is between Gate and Bybit: long NAORIS on Gate at $0.0323 and short on Bybit at $0.0323 for +0.22% gross, or +0.06% 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 NAORIS route is to buy spot on MEXC and short the perpetual on Bybit: +0.31% gross, +0.11% net, with +0.030% a day of funding on the short leg.
Spot–spot NAORIS arbitrage (buy on MEXC, withdraw, deposit and sell on Gate) shows -0.09% 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 NAORIS 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: NAORIS funding rates · NAORIS spread charts · NaoX Protocol price · arbitrage scanner for all coins.