PROM arbitrage explained
Right now Prom (PROM) trades on 6 venues we scan: 6 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $5.30 and the highest bid on KuCoin perp at $5.31.
The widest PROM perpetual spread is between Binance and KuCoin: long PROM on Binance at $5.30 and short on KuCoin at $5.31 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 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best PROM route is to buy spot on Gate and short the perpetual on KuCoin: +0.07% gross, -0.13% net, with +0.030% a day of funding on the short leg.
Spot–spot PROM arbitrage (buy on Gate, withdraw, deposit and sell on KuCoin) shows +0.03% 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 PROM 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: PROM funding rates · PROM spread charts · Prom price · arbitrage scanner for all coins.