SANTOS arbitrage explained
Right now Santos FC Fan Token (SANTOS) trades on 5 venues we scan: 4 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.5117 and the highest bid on Binance perp at $0.5116.
The widest SANTOS perpetual spread is between MEXC and Binance: long SANTOS on MEXC at $0.5117 and short on Binance at $0.5116 for -0.02% gross, or -0.18% 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 SANTOS route is to buy spot on Gate and short the perpetual on Binance: -0.04% gross, -0.24% net, with +0.030% a day of funding on the short leg.
Spot–spot SANTOS arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows -0.16% 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 SANTOS 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: SANTOS funding rates · SANTOS spread charts · Santos FC Fan Token price · arbitrage scanner for all coins.