RATS arbitrage explained
Right now GoldenRat (RATS) trades on 7 venues we scan: 7 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.0000386 and the highest bid on MEXC perp at $0.00003875.
The widest RATS perpetual spread is between Gate and Binance: long RATS on Gate at $0.00003864 and short on Binance at $0.00003875 for +0.28% gross, or +0.12% 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 RATS route is to buy spot on Gate and short the perpetual on Binance: +0.39% gross, +0.19% net, with +0.030% a day of funding on the short leg.
Spot–spot RATS arbitrage (buy on Gate, withdraw, deposit and sell on Bybit) shows +0.28% 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 RATS 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: RATS funding rates · RATS spread charts · GoldenRat price · arbitrage scanner for all coins.