SOSO arbitrage explained
Right now SoSoValue (SOSO) trades on 4 venues we scan: 2 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on MEXC spot at $0.3254 and the highest bid on Bybit spot at $0.3255.
The widest SOSO perpetual spread is between Bybit and Variational: long SOSO on Bybit at $0.3255 and short on Variational at $0.3249 for -0.18% gross, or -0.34% 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 pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best SOSO route is to buy spot on MEXC and short the perpetual on Bybit: -0.06% gross, -0.26% net, with +0.030% a day of funding on the short leg.
Spot–spot SOSO arbitrage (buy on MEXC, withdraw, deposit and sell on Bybit) shows +0.03% 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 SOSO 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: SOSO funding rates · SOSO spread charts · SoSoValue price · arbitrage scanner for all coins.