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 Bitget perp at $0.021 and the highest bid on KuCoin spot at $0.0211.
The widest OGN perpetual spread is between Bitget and KuCoin: long OGN on Bitget at $0.021 and short on KuCoin at $0.021 for +0.10% gross, or -0.06% 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 -0.079% per day, which the position pays 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 KuCoin: -0.19% gross, -0.39% net, with -0.347% a day of funding on the short leg.
Spot–spot OGN arbitrage (buy on Binance, withdraw, deposit and sell on Gate) shows 0.00% 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.