XVG arbitrage explained
Right now Verge (XVG) trades on 6 venues we scan: 6 perpetual markets, 2 spot markets and 0 DEX pools. The lowest ask is on Binance spot at $0.002921 and the highest bid on Bybit perp at $0.002924.
The widest XVG perpetual spread is between Binance and Bybit: long XVG on Binance at $0.002924 and short on Bybit at $0.002924 for 0.00% gross, or -0.16% 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 XVG route is to buy spot on Binance and short the perpetual on Bybit: +0.10% gross, -0.10% net, with +0.030% a day of funding on the short leg.
Spot–spot XVG arbitrage (buy on Binance, 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 XVG 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: XVG funding rates · XVG spread charts · Verge price · arbitrage scanner for all coins.