MMT arbitrage explained
Right now Momentum (MMT) trades on 9 venues we scan: 9 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.173 and the highest bid on Gate perp at $0.1731.
The widest MMT perpetual spread is between Binance and Gate: long MMT on Binance at $0.173 and short on Gate at $0.1731 for +0.06% gross, or -0.10% 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 +0.044% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best MMT route is to buy spot on Binance and short the perpetual on Gate: +0.06% gross, -0.14% net, with +0.074% a day of funding on the short leg.
Spot–spot MMT arbitrage (buy on Binance, withdraw, deposit and sell on OKX) shows 0.00% 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 MMT 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: MMT funding rates · MMT spread charts · Momentum price · arbitrage scanner for all coins.