XEC arbitrage explained
Right now eCash (XEC) trades on 7 venues we scan: 6 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on KuCoin perp at $0.00000756 and the highest bid on Binance perp at $0.00000758.
The widest XEC perpetual spread is between KuCoin and Binance: long XEC on KuCoin at $0.00000756 and short on Binance at $0.00000758 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 +0.404% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best XEC route is to buy spot on Binance and short the perpetual on Binance: -0.04% gross, -0.24% net, with +0.030% a day of funding on the short leg.
Spot–spot XEC arbitrage (buy on Binance, withdraw, deposit and sell on Gate) shows -0.11% 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 XEC 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: XEC funding rates · XEC spread charts · eCash price · arbitrage scanner for all coins.