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 +0.020%

Price spread now: Gate against BingX+0.187%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$983as in the Funding arb table

Net, price: spread back to 7d avg − costs−$962as in the Price arb table

costs, in and out, $10k−$9809.795% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.187%, 7d avg +0.012%

Together, before fees−0.234%−$23 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: Gate is 0.174% dearer against BingX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CGPT-USDT	0.02144	0.0100	pay 0.0050% / 4h	2h 40m	—	$1.3M	—
Short	Gate CGPT_USDT	0.02148	0.0100	get 0.0050% / 4h	2h 40m	$184K	$54K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.187%Rate

Funding earned: $0
Price spread: +0.187% → +0.012%: $17.44
Slippage, 4 orders: −$954.5
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$962.06
Costs to cover: 9.795%
Break-even: never at this rate

Slippage from BingX: live order book, 1 min ago; Gate: live order book, 1 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, 1 min ago	9.33 bp	38.6 bp −$39	177.1 bp −$1,771	761.4 bp −$76.1K	doesn't fit
Sell Gate live order book, 1 min ago	16.33 bp	492.2 bp −$492	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	−0.084%	$2K	$2K	10x	as long as short
Binance CGPTUSDT	+0.0100%	4h	0.02138	−0.280%	$1.5M	$1.7M	50x	as long as short
Bybit CGPTUSDT	+0.0100%	4h	0.02144	0.000%	$362K	$212K	25x	as long as short
Gate CGPT_USDTshort	+0.0100%	4h	0.02148	+0.187%	$184K	$54K	50x
MEXC CGPT_USDT	+0.0100%	4h	0.02139	−0.233%	$417K	$130K	100x	as long as short
KuCoin CGPTUSDTM	+0.0100%	4h	0.02135	−0.420%	$241K	$23K	30x	as long as short
Bitget CGPTUSDT	+0.0100%	4h	0.02146	+0.093%	$596K	$98K	50x	as long as short
BingX CGPT-USDTlong	+0.0100%	4h	0.02144	long leg	—	$1.3M	—
Variational Omni CGPT	+0.0100%	4h	0.02146	+0.101%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02137	−0.304%	$15K	$243K	5x	as long as short