Live example: how a spread closes (as of Oct 8)

ONE (Harmony) is a great example of how arbitrage works.

First screenshot: on September 23, the price of ONE on Gate spot and Binance futures diverged by almost 68%. Between Gate and OKX (Futures), the gap reached 71.6% (see the next screenshot with our Telegram alerts).

Just a day later, the Gate → OKX spread had shrunk to 35.7%. Half the gap closed in a single day.

Today, the Gate → Binance (Futures) spread is around 8.5%, so prices have almost converged.

Feel free to check the exchanges and compare prices yourself. Want to know why the spread blew out and what anomalies were behind it? Ask our AI assistant: it digs up all the relevant info on request.

Don't want to miss opportunities like this? Message us, we'll jump on a call and help you pick the right plan: @arbitrage_scanner_support_bot

Especially now that the markets are finally starting to move 🙈