C arbitrage explained
Right now Chainbase (C) trades on 8 venues we scan: 8 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.0915 and the highest bid on MEXC perp at $0.0916.
The widest C perpetual spread is between Gate and Binance: long C on Gate at $0.0915 and short on Binance at $0.0916 for +0.05% gross, or -0.11% 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 C route is to buy spot on Gate and short the perpetual on Binance: +0.03% gross, -0.17% net, with +0.030% a day of funding on the short leg.
Spot–spot C arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows -0.03% 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 C 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: C funding rates · C spread charts · Chainbase price · arbitrage scanner for all coins.