CT arbitrage explained
Right now CryptoTwitter (CT) trades on 8 venues we scan: 8 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Binance perp at $0.3603 and the highest bid on Bitget spot at $0.361.
The widest CT perpetual spread is between Binance and KuCoin: long CT on Binance at $0.3603 and short on KuCoin at $0.3604 for +0.03% gross, or -0.13% 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 +0.111% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best CT route is to buy spot on Gate and short the perpetual on KuCoin: -0.09% gross, -0.29% net, with -0.133% a day of funding on the short leg.
Spot–spot CT arbitrage (buy on Gate, withdraw, deposit and sell on Bitget) shows +0.08% 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 CT 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: CT funding rates · CT spread charts · CryptoTwitter price · arbitrage scanner for all coins.