Question 1

Why does the DEX price differ from the exchange price?

Accepted Answer

There is less liquidity and it arrives more slowly. On a DEX every sizeable trade moves the price, and no one closes the gap until doing so pays for itself after gas.

Question 2

What eats a CEX-to-DEX spread?

Accepted Answer

Gas per trade, slippage in the pool and confirmation time. On a wide gap that is bearable; on a fraction of a percent it is almost always a loss, which makes small gaps here more useful as a signal than as a trade.

Question 3

Which DEXs do you track?

Accepted Answer

HyperLiquid, Aster DEX and Lighter. They only take part in pairs against a CEX and against futures — we do not compare them with each other.

Question 4

How do I get alerts about CEX-to-DEX gaps?

Accepted Answer

Build a rule in the builder: what to watch, on which exchanges, from which threshold. The notification arrives as a Telegram direct message.