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 BingX+0.047%7-day average −0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$960.961% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.047%, 7d avg −0.102%

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: MEXC is 0.149% dearer against BingX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CGPT-USDT	0.02141	0.0100	pay 0.0050% / 4h	2h 37m	—	$1.3M	—
Short	MEXC CGPT_USDT	0.02142	0.0100	get 0.0050% / 4h	2h 37m	$418K	$130K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → −0.102%: $14.85
Slippage, 4 orders: −$82.13
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$81.28
Costs to cover: 0.961%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; MEXC: live order book, 58 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, 4 min ago	9.33 bp	38.6 bp −$39	177.1 bp −$1,771	761.4 bp −$76.1K	doesn't fit
Sell MEXC live order book, 58 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	−0.0091%	1h	0.02142	+0.024%	$2K	$2K	10x	as long as short
Binance CGPTUSDT	+0.0100%	4h	0.02142	+0.062%	$1.5M	$1.7M	50x	as long as short
Bybit CGPTUSDT	+0.0100%	4h	0.02142	+0.065%	$361K	$212K	25x	as long as short
Gate CGPT_USDT	+0.0100%	4h	0.02141	0.000%	$183K	$54K	50x	as long as short
MEXC CGPT_USDTshort	+0.0100%	4h	0.02142	+0.047%	$418K	$130K	100x
KuCoin CGPTUSDTM	+0.0100%	4h	0.02130	−0.514%	$241K	$23K	30x	as long as short
Bitget CGPTUSDT	+0.0100%	4h	0.02145	+0.187%	$596K	$98K	50x	as long as short
BingX CGPT-USDTlong	+0.0100%	4h	0.02141	long leg	—	$1.3M	—
Variational Omni CGPT	+0.0100%	4h	0.02146	+0.241%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02141	+0.019%	$15K	$245K	5x	as long as short