Funding arb · Price arb /

CGPT

all CGPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance+0.287%7-day average +0.165% · you sell dearer than you buy

Net, funding: paid 7d − costs−$280as in the Funding arb table

Net, price: spread back to 7d avg − costs−$271as in the Price arb table

costs, in and out, $10k−$2832.830% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.287%, 7d avg +0.165%

Together, before fees−0.061%−$6 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: Bybit is 0.121% dearer against Binance than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.165%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CGPTUSDT	0.02138	0.0100	pay 0.0050% / 4h	2h 39m	$1.5M	$1.7M	50x
Short	Bybit CGPTUSDT	0.02144	0.0100	get 0.0050% / 4h	2h 39m	$362K	$212K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.287%Rate

Funding earned: $0
Price spread: +0.287% → +0.165%: $12.11
Slippage, 4 orders: −$261.97
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$270.87
Costs to cover: 2.830%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 65 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, 9 min ago	4.64 bp	38.0 bp −$38	317.4 bp −$3,174	doesn't fit	doesn't fit
Sell Bybit live order book, 65 min ago	11.58 bp	99.9 bp −$100	doesn't fit	doesn't fit	doesn't fit

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
Kraken Futures PF_CGPTUSD	−0.0091%	1h	0.02142	+0.202%	$2K	$2K	10x	as long as short
Binance CGPTUSDTlong	+0.0100%	4h	0.02138	long leg	$1.5M	$1.7M	50x
Bybit CGPTUSDTshort	+0.0100%	4h	0.02144	+0.287%	$362K	$212K	25x
Gate CGPT_USDT	+0.0100%	4h	0.02148	+0.474%	$184K	$54K	50x	as long as short
MEXC CGPT_USDT	+0.0100%	4h	0.02138	+0.006%	$417K	$130K	100x	as long as short
KuCoin CGPTUSDTM	+0.0100%	4h	0.02135	−0.134%	$241K	$23K	30x	as long as short
Bitget CGPTUSDT	+0.0100%	4h	0.02145	+0.333%	$596K	$98K	50x	as long as short
BingX CGPT-USDT	+0.0100%	4h	0.02144	+0.287%	—	$1.3M	—	as long as short
Variational Omni CGPT	+0.0100%	4h	0.02146	+0.388%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02137	−0.020%	$15K	$243K	5x	as long as short