T arbitrage explained
Right now Threshold Network (T) trades on 8 venues we scan: 7 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Binance perp at $0.00507 and the highest bid on Gate spot at $0.005078.
The widest T perpetual spread is between Binance and Gate: long T on Binance at $0.00507 and short on Gate at $0.005075 for +0.10% gross, or -0.06% 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 -0.232% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best T route is to buy spot on OKX and short the perpetual on Gate: +0.06% gross, -0.14% net, with -0.252% a day of funding on the short leg.
Spot–spot T arbitrage (buy on OKX, withdraw, deposit and sell on Gate) shows +0.12% 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 T 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: T funding rates · T spread charts · Threshold Network price · arbitrage scanner for all coins.