OKB arbitrage explained
Right now OKB trades on 7 venues we scan: 7 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $130.65 and the highest bid on HTX perp at $131.28.
The widest OKB perpetual spread is between OKX and HTX: long OKB on OKX at $130.65 and short on HTX at $131.28 for +0.48% gross, or +0.32% 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 OKX and short the perpetual on HTX: +0.47% gross, +0.27% 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 -0.02% 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.