NOT arbitrage explained
Right now Notcoin (NOT) trades on 10 venues we scan: 10 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.000456 and the highest bid on Bitget spot at $0.000457.
The widest NOT perpetual spread is between Gate and Binance: long NOT on Gate at $0.000456 and short on Binance at $0.000457 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 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best NOT route is to buy spot on OKX and short the perpetual on Binance: -0.13% gross, -0.33% net, with +0.030% a day of funding on the short leg.
Spot–spot NOT arbitrage (buy on OKX, withdraw, deposit and sell on Bitget) shows -0.07% 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 NOT 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: NOT funding rates · NOT spread charts · Notcoin price · arbitrage scanner for all coins.