SAFE arbitrage explained
Right now Safe (SAFE) trades on 8 venues we scan: 6 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.1114 and the highest bid on Gate perp at $0.1114.
The widest SAFE perpetual spread is between Bybit and Gate: long SAFE on Bybit at $0.1114 and short on Gate at $0.1114 for +0.08% gross, or -0.08% 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 SAFE route is to buy spot on Bybit and short the perpetual on Gate: -0.09% gross, -0.29% net, with +0.030% a day of funding on the short leg.
Spot–spot SAFE arbitrage (buy on Bybit, withdraw, deposit and sell on Gate) shows -0.09% 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 SAFE 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: SAFE funding rates · SAFE spread charts · Safe price · arbitrage scanner for all coins.