US arbitrage explained
Right now Talus (US) trades on 9 venues we scan: 8 perpetual markets, 4 spot markets and 1 DEX pool. The lowest ask is on Bitget spot at $0.0148 and the highest bid on Bybit perp at $0.0148.
The widest US perpetual spread is between Gate and Bybit: long US on Gate at $0.0148 and short on Bybit at $0.0148 for +0.22% 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 +0.359% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best US route is to buy spot on Bitget and short the perpetual on Bybit: +0.24% gross, +0.04% net, with +0.320% a day of funding on the short leg.
Spot–spot US arbitrage (buy on Bitget, withdraw, deposit and sell on MEXC) shows -0.03% 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 US 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: US funding rates · US spread charts · Talus price · arbitrage scanner for all coins.