CTR arbitrage explained
Right now Citrea (CTR) trades on 7 venues we scan: 7 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.0129 and the highest bid on Bybit perp at $0.013.
The widest CTR perpetual spread is between Binance and Bybit: long CTR on Binance at $0.013 and short on Bybit at $0.013 for +0.15% gross, or -0.01% 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 -0.196% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best CTR route is to buy spot on Gate and short the perpetual on Bybit: +0.28% gross, +0.08% net, with +0.030% a day of funding on the short leg.
Spot–spot CTR arbitrage (buy on Gate, withdraw, deposit and sell on KuCoin) 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 CTR 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: CTR funding rates · CTR spread charts · Citrea price · arbitrage scanner for all coins.