SLP arbitrage explained
Right now Smooth Love Potion (SLP) trades on 9 venues we scan: 7 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on KuCoin spot at $0.000642 and the highest bid on Binance spot at $0.000643.
The widest SLP perpetual spread is between Binance and Bitget: long SLP on Binance at $0.000643 and short on Bitget at $0.000643 for -0.02% gross, or -0.18% 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 SLP route is to buy spot on KuCoin and short the perpetual on Bitget: +0.12% gross, -0.08% net, with +0.030% a day of funding on the short leg.
Spot–spot SLP arbitrage (buy on KuCoin, withdraw, deposit and sell on Binance) shows +0.16% 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 SLP 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: SLP funding rates · SLP spread charts · Smooth Love Potion price · arbitrage scanner for all coins.