CARV arbitrage explained
Right now CARV trades on 7 venues we scan: 7 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on KuCoin perp at $0.0473 and the highest bid on Gate spot at $0.0475.
The widest CARV perpetual spread is between KuCoin and MEXC: long CARV on KuCoin at $0.0473 and short on MEXC at $0.0474 for +0.21% gross, or +0.05% 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 +0.008% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best CARV route is to buy spot on Bybit and short the perpetual on MEXC: +0.04% gross, -0.16% net, with +0.030% a day of funding on the short leg.
Spot–spot CARV arbitrage (buy on Bybit, withdraw, deposit and sell on Gate) shows +0.25% 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 CARV 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: CARV funding rates · CARV spread charts · CARV price · arbitrage scanner for all coins.