PLUME arbitrage explained
Right now Plume (PLUME) trades on 9 venues we scan: 9 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.0182 and the highest bid on KuCoin spot at $0.0183.
The widest PLUME perpetual spread is between Bybit and OKX: long PLUME on Bybit at $0.0182 and short on OKX at $0.0182 for +0.12% 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 PLUME route is to buy spot on Bitget and short the perpetual on OKX: +0.01% gross, -0.19% net, with +0.030% a day of funding on the short leg.
Spot–spot PLUME arbitrage (buy on Bitget, withdraw, deposit and sell on KuCoin) shows +0.12% 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 PLUME 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: PLUME funding rates · PLUME spread charts · Plume price · arbitrage scanner for all coins.