TURBO arbitrage explained
Right now Turbo (TURBO) trades on 9 venues we scan: 9 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.000984 and the highest bid on KuCoin perp at $0.000984.
The widest TURBO perpetual spread is between MEXC and KuCoin: long TURBO on MEXC at $0.000984 and short on KuCoin at $0.000984 for +0.03% gross, or -0.13% 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 -0.013% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best TURBO route is to buy spot on Gate and short the perpetual on KuCoin: +0.01% gross, -0.19% net, with +0.017% a day of funding on the short leg.
Spot–spot TURBO arbitrage (buy on Gate, withdraw, deposit and sell on OKX) shows +0.01% 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 TURBO 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: TURBO funding rates · TURBO spread charts · Turbo price · arbitrage scanner for all coins.