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 $0.0596 and the highest bid on Bybit perp at $0.0598.
The widest SLX perpetual spread is between KuCoin and Bybit: long SLX on KuCoin at $0.0596 and short on Bybit at $0.0598 for +0.40% gross, or +0.24% 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 -0.189% 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 Bitget and short the perpetual on Bybit: +0.32% gross, +0.12% net, with -0.159% a day of funding on the short leg.
Spot–spot SLX arbitrage (buy on Bitget, withdraw, deposit and sell on Gate) shows +0.02% 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.