POWER arbitrage explained
Right now Power Protocol (POWER) trades on 8 venues we scan: 8 perpetual markets, 2 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.0869 and the highest bid on Variational perp at $0.0871.
The widest POWER perpetual spread is between MEXC and Variational: long POWER on MEXC at $0.0869 and short on Variational at $0.0871 for +0.18% gross, or +0.02% 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 -0.027% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best POWER route is to buy spot on Bitget and short the perpetual on Variational: +0.04% gross, -0.16% net, with +0.030% a day of funding on the short leg.
Spot–spot POWER arbitrage (buy on MEXC, withdraw, deposit and sell on Bitget) shows -0.13% 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 POWER 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: POWER funding rates · POWER spread charts · Power Protocol price · arbitrage scanner for all coins.