CC arbitrage explained
Right now Canton (CC) trades on 10 venues we scan: 10 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.1202 and the highest bid on Bitget perp at $0.1203.
The widest CC perpetual spread is between Bybit and Bitget: long CC on Bybit at $0.1202 and short on Bitget at $0.1203 for +0.07% gross, or -0.09% 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 +0.027% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best CC route is to buy spot on Bybit and short the perpetual on Bitget: 0.00% gross, -0.20% net, with +0.030% a day of funding on the short leg.
Spot–spot CC arbitrage (buy on Gate, withdraw, deposit and sell on Bybit) shows -0.02% 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 CC 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: CC funding rates · CC spread charts · Canton price · arbitrage scanner for all coins.