RED arbitrage explained
Right now RedStone (RED) trades on 7 venues we scan: 7 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.1512 and the highest bid on Bybit spot at $0.1517.
The widest RED perpetual spread is between MEXC and Bybit: long RED on MEXC at $0.1512 and short on Bybit at $0.1515 for +0.21% gross, or +0.05% 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 +0.074% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best RED route is to buy spot on Gate and short the perpetual on Bybit: -0.01% gross, -0.21% net, with +0.030% a day of funding on the short leg.
Spot–spot RED arbitrage (buy on Gate, withdraw, deposit and sell on Bybit) 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 RED 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: RED funding rates · RED spread charts · RedStone price · arbitrage scanner for all coins.