SIGN arbitrage explained
Right now Sign (SIGN) trades on 9 venues we scan: 8 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.0119 and the highest bid on OKX perp at $0.012.
The widest SIGN perpetual spread is between Bybit and OKX: long SIGN on Bybit at $0.0119 and short on OKX at $0.012 for +0.48% gross, or +0.32% 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 SIGN route is to buy spot on Gate and short the perpetual on OKX: +0.23% gross, +0.03% net, with +0.030% a day of funding on the short leg.
Spot–spot SIGN arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows +0.08% 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 SIGN 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: SIGN funding rates · SIGN spread charts · Sign price · arbitrage scanner for all coins.