LUMIA arbitrage explained
Right now Lumia (LUMIA) trades on 8 venues we scan: 7 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.0863 and the highest bid on Bitget perp at $0.0866.
The widest LUMIA perpetual spread is between Binance and Bitget: long LUMIA on Binance at $0.0865 and short on Bitget at $0.0866 for +0.12% gross, or -0.04% 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 +0.032% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best LUMIA route is to buy spot on Gate and short the perpetual on Bitget: +0.31% gross, +0.11% net, with +0.062% a day of funding on the short leg.
Spot–spot LUMIA arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows +0.07% 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 LUMIA 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: LUMIA funding rates · LUMIA spread charts · Lumia price · arbitrage scanner for all coins.