STONK arbitrage explained
Right now STONK trades on 5 venues we scan: 5 perpetual markets, 2 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.2051 and the highest bid on Bitget perp at $0.2058.
The widest STONK perpetual spread is between Bybit and Bitget: long STONK on Bybit at $0.2057 and short on Bitget at $0.2058 for +0.05% gross, or -0.11% 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 STONK route is to buy spot on Gate and short the perpetual on Bitget: +0.34% gross, +0.14% net, with +0.030% a day of funding on the short leg.
Spot–spot STONK arbitrage (buy on Gate, withdraw, deposit and sell on MEXC) shows +0.09% 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 STONK 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: STONK funding rates · STONK spread charts · STONK price · arbitrage scanner for all coins.