SSV arbitrage explained
Right now SSV Network (SSV) trades on 8 venues we scan: 8 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $2.86 and the highest bid on Bitget spot at $2.86.
The widest SSV perpetual spread is between Bybit and Binance: long SSV on Bybit at $2.86 and short on Binance at $2.86 for +0.11% gross, or -0.05% 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 +0.030% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best SSV route is to buy spot on Gate and short the perpetual on Binance: 0.00% gross, -0.20% net, with +0.011% a day of funding on the short leg.
Spot–spot SSV arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows +0.17% 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 SSV 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: SSV funding rates · SSV spread charts · SSV Network price · arbitrage scanner for all coins.