VELODROME arbitrage explained
Right now VELODROME trades on 7 venues we scan: 6 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on OKX spot at $0.0345 and the highest bid on Gate spot at $0.0345.
The widest VELODROME perpetual spread is between Bybit and Gate: long VELODROME on Bybit at $0.0345 and short on Gate at $0.0345 for +0.06% gross, or -0.10% 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 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best VELODROME route is to buy spot on OKX and short the perpetual on Gate: +0.09% gross, -0.11% net, with +0.030% a day of funding on the short leg.
Spot–spot VELODROME 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 VELODROME 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: VELODROME funding rates · VELODROME spread charts · arbitrage scanner for all coins.