SLX arbitrage explained
Right now Solstice (SLX) trades on 8 venues we scan: 8 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on KuCoin perp at $0.0611 and the highest bid on Bybit perp at $0.0614.
The widest SLX perpetual spread is between KuCoin and Bybit: long SLX on KuCoin at $0.0611 and short on Bybit at $0.0614 for +0.46% gross, or +0.30% 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 -0.029% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best SLX route is to buy spot on OKX and short the perpetual on Bybit: +0.33% gross, +0.13% net, with -0.036% a day of funding on the short leg.
Spot–spot SLX arbitrage (buy on OKX, withdraw, deposit and sell on Gate) shows 0.00% 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 SLX 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: SLX funding rates · SLX spread charts · Solstice price · arbitrage scanner for all coins.