TRUST arbitrage explained
Right now Intuition (TRUST) trades on 9 venues we scan: 8 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.0545 and the highest bid on Bybit perp at $0.0547.
The widest TRUST perpetual spread is between MEXC and Bybit: long TRUST on MEXC at $0.0545 and short on Bybit at $0.0547 for +0.39% gross, or +0.23% 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 -0.875% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best TRUST route is to buy spot on Gate and short the perpetual on Bybit: +0.46% gross, +0.26% net, with -0.613% a day of funding on the short leg.
Spot–spot TRUST arbitrage (buy on Gate, withdraw, deposit and sell on KuCoin) shows -0.11% 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 TRUST 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: TRUST funding rates · TRUST spread charts · Intuition price · arbitrage scanner for all coins.