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: Bybit against BingX−0.037%7-day average +0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$281as in the Funding arb table

Net, price: spread back to 7d avg − costs−$294as in the Price arb table

costs, in and out, $10k−$2812.812% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now −0.037%, 7d avg +0.087%

Together, before fees+0.150%+$15 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 0.125% cheaper against BingX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CGPT-USDT	0.02149	0.0100	pay 0.0050% / 4h	2h 41m	—	$1.3M	—
Short	Bybit CGPTUSDT	0.02148	0.0100	get 0.0050% / 4h	2h 41m	$362K	$212K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → +0.087%: −$12.46
Slippage, 4 orders: −$260.24
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$293.7
Costs to cover: 2.812%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Bybit: live order book, 63 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 BingX live order book, 10 min ago	9.29 bp	40.8 bp −$41	168.9 bp −$1,689	725.1 bp −$72.5K	doesn't fit
Sell Bybit live order book, 63 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	0.02148	−0.055%	$2K	$2K	10x	as long as short
Binance CGPTUSDT	+0.0100%	4h	0.02144	−0.233%	$1.5M	$1.7M	50x	as long as short
Bybit CGPTUSDTshort	+0.0100%	4h	0.02148	−0.037%	$362K	$212K	25x
Gate CGPT_USDT	+0.0100%	4h	0.02150	+0.047%	$184K	$54K	50x	as long as short
MEXC CGPT_USDT	+0.0100%	4h	0.02144	−0.233%	$418K	$130K	100x	as long as short
KuCoin CGPTUSDTM	+0.0100%	4h	0.02139	−0.465%	$242K	$23K	30x	as long as short
Bitget CGPTUSDT	+0.0100%	4h	0.02150	+0.047%	$598K	$98K	50x	as long as short
BingX CGPT-USDTlong	+0.0100%	4h	0.02149	long leg	—	$1.3M	—
Variational Omni CGPT	+0.0100%	4h	0.02157	+0.355%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02143	−0.259%	$15K	$243K	5x	as long as short