Funding arb · Price arb /

CGPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance+0.047%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1661.661% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days−0.021%−$2 · spread now +0.047%, 7d avg +0.080%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.033% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CGPTUSDT	0.02147	0.0100	pay 0.0050% / 4h	2h 06m	$1.5M	$1.6M	50x
Short	BingX CGPT-USDT	0.02148	0.0100	get 0.0050% / 4h	2h 06m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BingXbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.080%: −$3.32
Slippage, 4 orders: −$146.1
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$169.42
Costs to cover: 1.661%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; BingX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 12 min ago	6.99 bp	41.5 bp −$41	261.0 bp −$2,610	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	9.28 bp	45.9 bp −$46	172.2 bp −$1,722	734.5 bp −$73.4K	972.9 bp −$486.4K

CGPT on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CGPTUSDTlong	+0.0100%	4h	0.02147	long leg	$1.5M	$1.6M	50x
Bybit CGPTUSDT	+0.0100%	4h	0.02148	+0.028%	$360K	$200K	25x	as long as short
Gate CGPT_USDT	+0.0100%	4h	0.02153	+0.279%	$183K	$59K	50x	as long as short
MEXC CGPT_USDT	+0.0100%	4h	0.02146	−0.047%	$421K	$131K	100x	as long as short
KuCoin CGPTUSDTM	+0.0100%	4h	0.02143	−0.186%	$236K	$19K	30x	as long as short
Bitget CGPTUSDT	+0.0100%	4h	0.02150	+0.140%	$593K	$96K	50x	as long as short
BingX CGPT-USDTshort	+0.0100%	4h	0.02148	+0.047%	—	$1.3M	—
Variational Omni CGPT	+0.0100%	4h	0.02151	+0.192%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02145	−0.072%	$15K	$310K	5x	as long as short
Kraken Futures PF_CGPTUSD	+0.0133%	1h	0.02150	+0.144%	$2K	$2K	10x	as long as short