PEAQ arbitrage explained
Right now peaq (PEAQ) trades on 6 venues we scan: 3 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.0413 and the highest bid on MEXC spot at $0.0414.
The widest PEAQ perpetual spread is between Bybit and MEXC: long PEAQ on Bybit at $0.0413 and short on MEXC at $0.0412 for -0.15% gross, or -0.31% 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 -0.006% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best PEAQ route is to buy spot on Gate and short the perpetual on Bybit: -0.48% gross, -0.68% net, with -0.394% a day of funding on the short leg.
Spot–spot PEAQ arbitrage (buy on Gate, withdraw, deposit and sell on MEXC) shows +0.08% 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 PEAQ 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: PEAQ funding rates · PEAQ spread charts · peaq price · arbitrage scanner for all coins.