OGN arbitrage explained
Right now Origin Token (OGN) trades on 7 venues we scan: 7 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.0219 and the highest bid on KuCoin spot at $0.0221.
The widest OGN perpetual spread is between Bybit and Binance: long OGN on Bybit at $0.0219 and short on Binance at $0.022 for +0.14% 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 +0.413% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best OGN route is to buy spot on Binance and short the perpetual on Binance: -0.50% gross, -0.70% net, with -0.653% a day of funding on the short leg.
Spot–spot OGN arbitrage (buy on Binance, 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 OGN 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: OGN funding rates · OGN spread charts · Origin Token price · arbitrage scanner for all coins.