Ferraro spent time at the University of Maine, as well as playing some pro hockey with the Atlanta Knights and the Binghamton Rangers before playing his first NHL game in 1995-96. He played just two games with the Rangers that year, but managed a goal on a pass from his brother Peter. The next year, he played 12 games with the Blueshirts and again scored a goal, totalling two points in his time with the Rangers.

Toward the end of the 1997 training camp, the Rangers felt that Ferraro and his brother, did not fit into their long-term plans and both were placed on waivers. Both brothers were claimed by the Pittsburgh Penguins and Chris spent the 1997-98 season with the Penguins, playing a career-high 47 games and scoring three goals and four assists.

Ferraro parted ways with the brother for the first time in his hockey career when he signed a free agent contract with the Edmonton Oilers in the summer in 1998. Chris played just two games in Edmonton and spent the rest of his season in Hamilton with the Oilers farm club.

Ferraro left the Oilers and signed with the New York Islanders for the next year and played eleven games with them, scoring a goal and three assists. He then moved on to the New Jersey Devils organization for the 2000-01 campaign but spent the entire year in the American Hockey League with the Albany River Rats.

In the summer of 2001 the Devils traded Ferraro to the Washington Capitals for future considerations. The Capitals also secured the rights of his brother, Peter, reuniting the twins once again. After two seasons with the Capitals organization, Ferraro was acquired by the Phoenix Coyotes in the summer of 2003.