Funding arb · Price arb /

CGPT

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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: MEXC against Binance+0.082%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1141.143% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now +0.082%, 7d avg −0.023%

Together, before fees−0.069%−$7 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: MEXC is 0.105% dearer against Binance than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CGPTUSDT	0.02154	0.0100	pay 0.0050% / 4h	3h 31m	$1.6M	$1.7M	50x
Short	MEXC CGPT_USDT	0.02156	0.0100	get 0.0050% / 4h	3h 31m	$424K	$130K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.082%Rate

Funding earned: $0
Price spread: +0.082% → −0.023%: $10.5
Slippage, 4 orders: −$100.29
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$103.8
Costs to cover: 1.143%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; MEXC: live order book, 5 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, 2 min ago	4.65 bp	39.4 bp −$39	287.5 bp −$2,875	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	4.65 bp	16.2 bp −$16	84.7 bp −$847	247.4 bp −$24.7K	551.9 bp −$276.0K

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	−0.0566%	1h	0.02158	+0.162%	$2K	$2K	10x	as long as short
Binance CGPTUSDTlong	+0.0100%	4h	0.02154	long leg	$1.6M	$1.7M	50x
Bybit CGPTUSDT	+0.0100%	4h	0.02157	+0.105%	$364K	$214K	25x	as long as short
Gate CGPT_USDT	+0.0100%	4h	0.02157	+0.128%	$183K	$53K	50x	as long as short
MEXC CGPT_USDTshort	+0.0100%	4h	0.02156	+0.082%	$424K	$130K	100x
KuCoin CGPTUSDTM	+0.0100%	4h	0.02156	+0.082%	$243K	$21K	30x	as long as short
Bitget CGPTUSDT	+0.0100%	4h	0.02156	+0.082%	$599K	$97K	50x	as long as short
BingX CGPT-USDT	+0.0100%	4h	0.02156	+0.082%	—	$1.3M	—	as long as short
Variational Omni CGPT	+0.0100%	4h	0.02158	+0.181%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02155	+0.019%	$15K	$305K	5x	as long as short