RLC arbitrage explained
Right now iExec RLC (RLC) trades on 7 venues we scan: 5 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.6734 and the highest bid on MEXC spot at $0.6752.
The widest RLC perpetual spread is between Gate and Binance: long RLC on Gate at $0.6734 and short on Binance at $0.6739 for +0.07% gross, or -0.09% 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 +0.201% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best RLC route is to buy spot on Binance and short the perpetual on Binance: -0.18% gross, -0.38% net, with -0.142% a day of funding on the short leg.
Spot–spot RLC arbitrage (buy on Binance, withdraw, deposit and sell on MEXC) shows +0.01% 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 RLC 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: RLC funding rates · RLC spread charts · iExec RLC price · arbitrage scanner for all coins.