CKB arbitrage explained
Right now Nervos Network (CKB) trades on 7 venues we scan: 7 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.001251 and the highest bid on KuCoin spot at $0.001254.
The widest CKB perpetual spread is between Gate and Variational: long CKB on Gate at $0.001251 and short on Variational at $0.001253 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 pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best CKB route is to buy spot on Gate and short the perpetual on Variational: -0.02% gross, -0.22% net, with +0.030% a day of funding on the short leg.
Spot–spot CKB arbitrage (buy on Gate, 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 CKB 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: CKB funding rates · CKB spread charts · Nervos Network price · arbitrage scanner for all coins.