POWR arbitrage explained
Right now Powerledger (POWR) trades on 8 venues we scan: 8 perpetual markets, 2 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.0631 and the highest bid on Bybit perp at $0.0632.
The widest POWR perpetual spread is between Gate and Bybit: long POWR on Gate at $0.0631 and short on Bybit at $0.0632 for +0.19% gross, or +0.03% 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 -0.293% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best POWR route is to buy spot on Binance and short the perpetual on Bybit: +0.13% gross, -0.07% net, with -0.263% a day of funding on the short leg.
Spot–spot POWR arbitrage (buy on Binance, withdraw, deposit and sell on Gate) 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 POWR 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: POWR funding rates · POWR spread charts · Powerledger price · arbitrage scanner for all coins.