LISTA arbitrage explained
Right now Lista DAO (LISTA) trades on 6 venues we scan: 6 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.0775 and the highest bid on Binance spot at $0.0776.
The widest LISTA perpetual spread is between Gate and MEXC: long LISTA on Gate at $0.0775 and short on MEXC at $0.0776 for +0.05% gross, or -0.11% 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 LISTA route is to buy spot on Gate and short the perpetual on MEXC: -0.03% gross, -0.23% net, with +0.030% a day of funding on the short leg.
Spot–spot LISTA arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows +0.01% 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 LISTA 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: LISTA funding rates · LISTA spread charts · Lista DAO price · arbitrage scanner for all coins.