OG arbitrage explained
Right now OG Fan Token (OG) trades on 7 venues we scan: 7 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $2.79 and the highest bid on Bybit perp at $2.80.
The widest OG perpetual spread is between Binance and Bybit: long OG on Binance at $2.79 and short on Bybit at $2.80 for +0.18% gross, or +0.02% 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 +0.024% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best OG route is to buy spot on Gate and short the perpetual on Bybit: +0.22% gross, +0.02% net, with +0.030% a day of funding on the short leg.
Spot–spot OG arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows +0.14% 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 OG 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: OG funding rates · OG spread charts · OG Fan Token price · arbitrage scanner for all coins.