CVC arbitrage explained
Right now Civic (CVC) trades on 8 venues we scan: 7 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on KuCoin perp at $0.0305 and the highest bid on Bybit perp at $0.0306.
The widest CVC perpetual spread is between KuCoin and Bybit: long CVC on KuCoin at $0.0305 and short on Bybit at $0.0306 for +0.36% gross, or +0.20% 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 -0.513% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best CVC route is to buy spot on Gate and short the perpetual on Bybit: +0.24% gross, +0.04% net, with -0.483% a day of funding on the short leg.
Spot–spot CVC arbitrage (buy on Gate, withdraw, deposit and sell on Binance) shows -0.02% 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 CVC 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: CVC funding rates · CVC spread charts · Civic price · arbitrage scanner for all coins.