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 $0.0158 and the highest bid on Bybit perp at $0.0158.
The widest RARE perpetual spread is between Bitget and Bybit: long RARE on Bitget at $0.0158 and short on Bybit at $0.0158 for +0.08% gross, or -0.08% 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 Bybit: -0.04% gross, -0.24% net, with +0.030% a day of funding on the short leg.
Spot–spot RARE arbitrage (buy on Bitget, withdraw, deposit and sell on Binance) 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 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.