RARE arbitrage explained
Right now SuperRare (RARE) trades on 8 venues we scan: 8 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Bitget perp at $0.0156 and the highest bid on KuCoin perp at $0.0157.
The widest RARE perpetual spread is between Bitget and KuCoin: long RARE on Bitget at $0.0156 and short on KuCoin at $0.0157 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 RARE route is to buy spot on Binance and short the perpetual on KuCoin: +0.06% gross, -0.14% net, with +0.030% a day of funding on the short leg.
Spot–spot RARE arbitrage (buy on Binance, withdraw, deposit and sell on Bitget) shows -0.06% 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 RARE 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: RARE funding rates · RARE spread charts · SuperRare price · arbitrage scanner for all coins.