CHR arbitrage explained
Right now Chromia (CHR) trades on 7 venues we scan: 7 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.0226 and the highest bid on Binance perp at $0.0226.
The widest CHR perpetual spread is between Bybit and Binance: long CHR on Bybit at $0.0226 and short on Binance at $0.0226 for +0.00% gross, or -0.16% 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 +0.210% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best CHR route is to buy spot on Binance and short the perpetual on Binance: -0.09% gross, -0.29% net, with +0.030% a day of funding on the short leg.
Spot–spot CHR arbitrage (buy on Binance, withdraw, deposit and sell on Gate) 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 CHR 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: CHR funding rates · CHR spread charts · Chromia price · arbitrage scanner for all coins.