SNT arbitrage explained
Right now Status (SNT) trades on 5 venues we scan: 3 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.00815 and the highest bid on MEXC perp at $0.00822.
The widest SNT perpetual spread is between Bybit and MEXC: long SNT on Bybit at $0.008238 and short on MEXC at $0.00822 for -0.22% gross, or -0.38% 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 -0.019% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best SNT route is to buy spot on Gate and short the perpetual on Bybit: +0.86% gross, +0.66% net, with -0.731% a day of funding on the short leg.
Spot–spot SNT arbitrage (buy on Gate, withdraw, deposit and sell on OKX) 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 SNT 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: SNT funding rates · SNT spread charts · Status price · arbitrage scanner for all coins.