OFC arbitrage explained
Right now OneFootball Credits (OFC) trades on 4 venues we scan: 2 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on MEXC spot at $0.007418 and the highest bid on OKX perp at $0.007471.
The widest OFC perpetual spread is between MEXC and OKX: long OFC on MEXC at $0.007475 and short on OKX at $0.007471 for -0.05% gross, or -0.21% 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 +0.017% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best OFC route is to buy spot on MEXC and short the perpetual on MEXC: +0.71% gross, +0.51% net, with +0.050% a day of funding on the short leg.
Spot–spot OFC arbitrage (buy on MEXC, withdraw, deposit and sell on OKX) shows +0.70% 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 OFC 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: OFC funding rates · OFC spread charts · OneFootball Credits price · arbitrage scanner for all coins.