MITO arbitrage explained
Right now Mitosis (MITO) trades on 7 venues we scan: 7 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.0153 and the highest bid on Gate perp at $0.0154.
The widest MITO perpetual spread is between Binance and Gate: long MITO on Binance at $0.0154 and short on Gate at $0.0154 for 0.00% gross, or -0.16% 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 MITO route is to buy spot on Gate and short the perpetual on Gate: +0.26% gross, +0.06% net, with +0.030% a day of funding on the short leg.
Spot–spot MITO arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows +0.13% 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 MITO 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: MITO funding rates · MITO spread charts · Mitosis price · arbitrage scanner for all coins.