🎯 Arb Desk Report

Date: March 4, 2026

However, a key caveat sits in the totals: total pump/dump volume and total buy/sell pressure are both listed as $0.0M. In other words, the data set provides price spreads and counterparties, but no disclosed liquidity or real-time depth to confirm executable size. For any serious arbitrage effort, you’ll need to verify available liquidity, confirm withdrawal paths and transfer times, and ensure your pre-funding and settlement plan matches the window implied by the observed quotes. Still, for a disciplined arb trader, these signals outline where the market has intrinsic price dispersion and where to prioritize quick tests with conservative sizing.

What to take away for today’s session

• Best spread: POWER, 17.87% (Bybit buy at $0.167300, Bitget sell at $0.197200).
• Cross-exchange patterns are prominent: Bitunix hands-off on the buy side for several POWER opportunities, while Bybit/Bitget frequently show up as the sell legs.
• Liquidity signals aren’t disclosed. Treat every top-line offer as a hypothesis until you confirm order book depth and available volume.

Now, let’s drill into the Top 5 opportunities with the exact prices and spreads, followed by risk assessment and executable viability.

🏆 Top 5 Arbitrage Opportunities

• Asset and spread: POWER, 17.87% spread
• Buy exchange and price: Bybit at $0.167300
• Sell exchange and price: Bitget at $0.197200
• Available volume: Not disclosed
• Window duration: Not disclosed
• Risk factors: Liquidity depth on both Bybit and Bitget for this tiny-cc asset; transfer and settlement latency between the two venues; potential price drift during cross-execution; counterparty risk during cross-margin or cross-exchange transfer windows.
• Executability take: Large guaranteed execution cannot be assumed from the current data. With no disclosed volumes, this is a high-probability signal that warrants a small, staged test (e.g., 1k–5k units) to validate depth and fill rate before scaling. If you can pre-fund both sides and have fast execution, this one is attractive, but proceed with caution given the liquidity unknowns.
• Quick profitability snapshot (per 10k units for illustration):
• Gross profit: $299.00
• Fees (assumed 0.075% per side): Buy fee ≈ $1.25475, Sell fee ≈ $1.47900; Total ≈ $2.73375
• Net profit: ≈ $296.27
• Net ROI (relative to buy price): ≈ 17.75%

• Asset and spread: POWER, 13.82% spread
• Buy exchange and price: Bitunix at $1.072670
• Sell exchange and price: Gate Futures at $1.123400
• Available volume: Not disclosed
• Window duration: Not disclosed
• Risk factors: Cross-exchange latency; Bitunix vs Gate Futures liquidity; withdrawal times and funding curves; potential price gaps during clearning.
• Executability take: Requires careful verification of order depth on both Bitunix and Gate Futures. The spread is sizable, but the USD notional is substantial; a small pilot order is prudent to confirm depth and fill quality before scaling.
• Profit calculations (per 10k units):
• Gross profit: $507.30
• Fees: Buy ≈ $8.04503, Sell ≈ $8.42550; Total ≈ $16.47053
• Net profit: ≈ $490.83
• Net ROI: ≈ 4.58%

• Asset and spread: POWER, 13.28% spread
• Buy exchange and price: Bitunix at $0.919990
• Sell exchange and price: Bybit at $0.977880
• Available volume: Not disclosed
• Window duration: Not disclosed
• Risk factors: Bitunix depth vs Bybit liquidity; price drift during cross-route; funding and withdrawal windows; potential slippage on the buy leg if Book depth is thin.
• Executability take: The heavy reliance on Bitunix as the buy leg with Bybit as the sell leg favors a quick depth check in both books. Likely executable in small tests, but volume confirmation is essential.
• Profit calculations (per 10k units):
• Gross profit: $578.90
• Fees: Buy ≈ $6.89999, Sell ≈ $7.33410; Total ≈ $14.23402
• Net profit: ≈ $564.67
• Net ROI: ≈ 6.13%

• Asset and spread: POWER, 12.97% spread
• Buy exchange and price: Bitunix at $0.864470
• Sell exchange and price: Bitget at $0.906992
• Available volume: Not disclosed
• Window duration: Not disclosed
• Risk factors: Bitunix vs Bitget liquidity specifics; potential cross-exchange settlement issues; funding windows and withdrawal timing concerns.
• Executability take: Moderately favorable for small tests; ensure you have sufficient pre-funding on both venues and monitor order book depth. If depth is good, scale in measured increments.
• Profit calculations (per 10k units):
• Gross profit: $425.22
• Fees: Buy ≈ $6.48353, Sell ≈ $6.80244; Total ≈ $13.28597
• Net profit: ≈ $411.93
• Net ROI: ≈ 4.77%

• Asset and spread: POWER, 11.57% spread
• Buy exchange and price: Bitget at $0.728560
• Sell exchange and price: Bybit at $0.764470
• Available volume: Not disclosed
• Window duration: Not disclosed
• Risk factors: Bitget liquidity on the buy leg; Bybit depth on the sell leg; cross-exchange timing gaps; potential slippage if markets move quickly.
• Executability take: Similar to the previous cases, executable in small sizes if depth is sufficient; pre-fund and validate latency. The moderate spread is tempting but still requires volume confirmation.
• Profit calculations (per 10k units):
• Gross profit: $359.10
• Fees: Buy ≈ $5.46420, Sell ≈ $5.73353; Total ≈ $11.19773
• Net profit: ≈ $347.90
• Net ROI: ≈ 4.77%

Notes on the Top 5

• Across these top opportunities, the most attractive in absolute terms is POWER with Bybit/Bitget on the front and back legs, delivering the strongest gross spread. However, the next tier remains substantial if depth supports size, with net profits in the several hundred-dollar range per 10k units at the assumed 0.075% per-side fee.
• All five rely on cross-exchange execution. Without disclosed volumes, assume tighter liquidity than the headline spreads imply, and proceed with staged tests and strict risk controls.

📊 Exchange Spread Patterns

• Consistent cross-pair activity exists among Bitunix, Bybit, Bitget, and Gate Futures. Specifically:
• Bitunix often acts as the buy leg when POWER moves toward Bybit or Bitget (e.g., Bitunix buy price around 0.92–1.07, paired with Bybit/Bitget sell legs near 0.98–1.07+).
• Bybit and Bitget frequently appear on the sell side (closing the spread with prices in the 0.76–0.80 range on those venues for related POWER pairs, and up to 0.1972 on the Bybit-to-Bitget POWER opportunity).
• Gate Futures shows up as a sell leg in at least one POWER pair (1.123400 sell price), indicating a tendency for Gate to be a higher-priced counterparty on some POWER trades.
• CHZ and DOT appear in separate single-op examples (e.g., CHZ on Bybit Spot vs Coinbase), suggesting more retail-like, exchange-specific dislocations rather than broad cross-exchange depth in the dataset.
• The recurring theme is cross-exchange liquidity gaps between Bitunix, Bybit, Bitget, and Gate Futures driving positive spreads. The presence of multiple POWER opportunities with Bitunix as the buy leg and Bybit/Bitget as sell legs is the clearest pattern, which is helpful for building a strategy that prioritizes pre-funding and rapid cross-exchange routing.

What this means for practitioners

• Favor pairs with known, repeatable depth across both legs and pre-funding across the two venues. The strongest signals appear when one side shows robust depth on Bitunix and the other side can accept immediate execution on Bybit/Bitget.
• Be mindful of the one-off CHZ and DOT patterns; these often reflect spot-to-spot or cross-exchange fee structures rather than the conventional cross-venue, same-asset arbitrage in POWER.

⚡ Speed vs Size Analysis

• Speed gives you a higher chance to lock in the quoted spread before it collapses, but it comes with slippage risk on thin liquidity. The 106-opportunity set contains several high-spread plays, but the lack of disclosed volume makes the true fill risk uncertain.
• Size matters: large notional trades can eat into the spread quickly via slippage, while very small trades may not be worth the transaction cost even if the edge exists. A staged approach is prudent: start with small units to confirm depth, then gradually scale as depth is verified.
• Practical guidance:
• Use limit orders or pegged quotes if available to reduce market impact.
• Pre-fund both exchanges for the leg you control, and consider using an auto-arb router with pre-defined max slippage thresholds.
• Monitor latency and order routing – even a 50–100 ms lag can turn a profitable theoretical spread into a guarded loss if the other side moves.

💰 Profit Calculations

Here’s a standardized framework using the five top opportunities and a hypothetical common execution assumption (0.075% fee per side; no withdrawal costs included). All figures shown are per unit traded and then extended to a 10k-unit notional for illustration.

• Formulae
• Gross spread per unit = Sell price − Buy price
• Fees per unit = Buy price × 0.00075 + Sell price × 0.00075
• Net profit per unit = Gross spread per unit − Fees per unit
• Notional profit for volume V = Net profit per unit × V
• Net ROI (per unit) = Net profit per unit ÷ Buy price

• Per-top-op net-profit and ROI (rounded)

• Gross = 0.029900; Fees ≈ 0.001? (0.000125475 + 0.000147900) = 0.000273375
• Net per unit ≈ 0.029626625; Net ROI ≈ 17.75%
• Notional (10k units): Net ≈ 296.27

• Gross = 0.050730; Fees ≈ 0.001647053
• Net per unit ≈ 0.0490829475; Net ROI ≈ 4.58%
• Notional (10k): Net ≈ 490.83

• Gross = 0.057890; Fees ≈ 0.001423403
• Net per unit ≈ 0.056466598; Net ROI ≈ 6.13%
• Notional (10k): Net ≈ 564.67

• Gross = 0.042522; Fees ≈ 0.001328597
• Net per unit ≈ 0.041193404; Net ROI ≈ 4.77%
• Notional (10k): Net ≈ 411.93

• Gross = 0.035910; Fees ≈ 0.001119773
• Net per unit ≈ 0.034790227; Net ROI ≈ 4.77%
• Notional (10k): Net ≈ 347.90

• Takeaways on profitability
• The loudest edge remains the first opportunity, with a robust gross edge that survives even after modest per-leg fees, delivering a strong net ROI of approximately 17.75%.
• The other four, while lower in relative percentage, still deliver meaningful net profits in the 4–6% range per unit after fees. When you scale to tens of thousands of units, these can become material.
• A conservative, risk-aware approach would treat all five as depth-dependent; verify liquidity and ensure you can capture the edge without forcing a large market impact.

Minimum spread worth chasing

• With a framework like 0.075% per-leg fees, net edges above roughly 4–5% of buy price are accessible on several top plays (Opportunities 2–5 show net ROI in the 4–6% range; Op1 shows a much larger edge). Given potential withdrawal costs, transfer times, and slippage, a practical threshold for chasing should be at least several basis points of actual net per-unit ROI, and ideally above 3–4% net ROI on the buy side if you’re trading in modest sizes. The POWER/Bybit-Bitget leg (Op1) is the only one clearly exceptional in pure net ROI without sizing constraints; the rest require careful depth verification.

⚠️ Risk Alerts

• Withdrawal delays and on-chain settlement risk: When transferring assets between venues, the time to settle can expose you to price risk and slippage if spreads compress during transfer windows.
• Liquidity risk: The data shows zero disclosed pump/dump liquidity, implying that actual executable volumes may be significantly smaller than headline spreads. This is the most important risk factor today.
• API/Exchange reliability: Cross-exchange arb depends on execution speed. Exchange outages, API rate limits, or liquidity halts can derail an otherwise profitable edge.
• Market timing risk: Spreads can vanish quickly if counterparties crowd the same edge. Always have a maximum acceptable slippage and a kill switch on larger positions.
• Counterparty risk: Especially on cross-market or offshore venues, ensure margins, funding, and settlement security are aligned with your risk tolerance.

🔮 Tomorrow's Setup

• Potential assets and setups to watch include POWER pairs involving Bitunix, Bybit, Bitget, and Gate Futures, as these venues consistently appear as buy/sell pairs in today’s top opportunities.
• Best times to monitor: around market open on major crypto sessions and around funding/settlement windows, when cross-exchange liquidity can surge or retract suddenly.
• Pairs to monitor: POWER – especially Bitunix buy vs Bybit/Bitget sell legs; Gate Futures involvement in POWER signals a potential second tier of cross-pairs. CHZ and DOT should be watched for any new cross-exchange memos or unusual funding cycles.

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Arbitrage Hunter — March 4, 2026