RON arbitrage explained
Right now Ronin (RON) trades on 4 venues we scan: 3 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.0686 and the highest bid on OKX spot at $0.0692.
The widest RON perpetual spread is between MEXC and KuCoin: long RON on MEXC at $0.0686 and short on KuCoin at $0.0687 for +0.10% gross, or -0.06% 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 +0.028% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best RON route is to buy spot on Gate and short the perpetual on KuCoin: -0.30% gross, -0.50% net, with +0.030% a day of funding on the short leg.
Spot–spot RON arbitrage (buy on Gate, withdraw, deposit and sell on OKX) shows +0.42% 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 RON 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: RON funding rates · RON spread charts · Ronin price · arbitrage scanner for all coins.