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 KuCoin perp at $0.0224 and the highest bid on Binance spot at $0.0224.
The widest CHR perpetual spread is between KuCoin and Bybit: long CHR on KuCoin at $0.0224 and short on Bybit at $0.0224 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 -0.761% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best CHR route is to buy spot on Gate and short the perpetual on Bybit: -0.07% gross, -0.27% net, with -0.731% a day of funding on the short leg.
Spot–spot CHR arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows -0.04% 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.