CYS arbitrage explained
Right now Cysic (CYS) trades on 7 venues we scan: 7 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Bitget spot at $0.154 and the highest bid on Bybit perp at $0.1541.
The widest CYS perpetual spread is between Bitget and Binance: long CYS on Bitget at $0.1541 and short on Binance at $0.1541 for +0.01% gross, or -0.15% 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 +0.089% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best CYS route is to buy spot on Bitget and short the perpetual on Binance: +0.07% gross, -0.13% net, with +0.119% a day of funding on the short leg.
Spot–spot CYS arbitrage (buy on Bitget, 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 CYS 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: CYS funding rates · CYS spread charts · Cysic price · arbitrage scanner for all coins.