RVN arbitrage explained
Right now Ravencoin (RVN) trades on 8 venues we scan: 8 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on KuCoin spot at $0.00218 and the highest bid on Binance spot at $0.002192.
The widest RVN perpetual spread is between OKX and Bybit: long RVN on OKX at $0.002185 and short on Bybit at $0.002186 for +0.05% gross, or -0.11% 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 +0.103% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best RVN route is to buy spot on KuCoin and short the perpetual on Bybit: +0.28% gross, +0.08% net, with -0.109% a day of funding on the short leg.
Spot–spot RVN arbitrage (buy on KuCoin, withdraw, deposit and sell on Binance) shows +0.55% 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 RVN 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: RVN funding rates · RVN spread charts · Ravencoin price · arbitrage scanner for all coins.