VTHO arbitrage explained
Right now VeThor (VTHO) trades on 6 venues we scan: 4 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.000689 and the highest bid on Bybit spot at $0.000693.
The widest VTHO perpetual spread is between Binance and MEXC: long VTHO on Binance at $0.000689 and short on MEXC at $0.00069 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 +0.001% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best VTHO route is to buy spot on Binance and short the perpetual on MEXC: -0.48% gross, -0.68% net, with -0.997% a day of funding on the short leg.
Spot–spot VTHO arbitrage (buy on Binance, withdraw, deposit and sell on Bybit) shows -0.04% 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 VTHO 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: VTHO funding rates · VTHO spread charts · VeThor price · arbitrage scanner for all coins.