NEX arbitrage explained
Right now Nexus (NEX) trades on 5 venues we scan: 5 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on KuCoin spot at $0.00000081 and the highest bid on MEXC perp at $0.00000081.
The widest NEX perpetual spread is between KuCoin and Bybit: long NEX on KuCoin at $0.00000081 and short on Bybit at $0.00000081 for 0.00% gross, or -0.16% 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 NEX route is to buy spot on KuCoin and short the perpetual on Bybit: +0.25% gross, +0.05% net, with +0.030% a day of funding on the short leg.
Spot–spot NEX arbitrage (buy on KuCoin, withdraw, deposit and sell on MEXC) shows +0.15% 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 NEX 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: NEX funding rates · NEX spread charts · Nexus price · arbitrage scanner for all coins.