TRUTH arbitrage explained
Right now Swarm Network (TRUTH) trades on 7 venues we scan: 7 perpetual markets, 2 spot markets and 0 DEX pools. The lowest ask is on KuCoin spot at $0.0142 and the highest bid on OKX perp at $0.0142.
The widest TRUTH perpetual spread is between Gate and OKX: long TRUTH on Gate at $0.0142 and short on OKX at $0.0142 for +0.21% 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 +0.060% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best TRUTH route is to buy spot on KuCoin and short the perpetual on OKX: +0.33% gross, +0.13% net, with +0.132% a day of funding on the short leg.
Spot–spot TRUTH arbitrage (buy on KuCoin, withdraw, deposit and sell on MEXC) 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 TRUTH 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: TRUTH funding rates · TRUTH spread charts · Swarm Network price · arbitrage scanner for all coins.