OKB arbitrage explained
Right now OKB trades on 8 venues we scan: 7 perpetual markets, 3 spot markets and 1 DEX pool. The lowest ask is on Gate perp at $131.74 and the highest bid on HTX perp at $132.01.
The widest OKB perpetual spread is between Gate and HTX: long OKB on Gate at $131.74 and short on HTX at $132.01 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 OKB route is to buy spot on Gate and short the perpetual on HTX: +0.20% gross, -0.00% net, with +0.030% a day of funding on the short leg.
Spot–spot OKB arbitrage (buy on Gate, withdraw, deposit and sell on OKX) shows +0.11% 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 OKB 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: OKB funding rates · OKB spread charts · OKB price · arbitrage scanner for all coins.