CELR arbitrage explained
Right now Celer Network (CELR) trades on 6 venues we scan: 5 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on KuCoin perp at $0.003089 and the highest bid on Gate perp at $0.003094.
The widest CELR perpetual spread is between KuCoin and Gate: long CELR on KuCoin at $0.003089 and short on Gate at $0.003094 for +0.16% gross, or +0.00% 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 CELR route is to buy spot on KuCoin and short the perpetual on Gate: +0.13% gross, -0.07% net, with +0.030% a day of funding on the short leg.
Spot–spot CELR arbitrage (buy on KuCoin, withdraw, deposit and sell on Binance) shows +0.06% 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 CELR 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: CELR funding rates · CELR spread charts · Celer Network price · arbitrage scanner for all coins.