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 Bitget−0.234%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1121.121% of the position

Long on Bitget 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)+0.147%+$15 · spread now −0.234%, 7d avg −0.038%

Together, before fees+0.117%+$12 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 0.195% cheaper against Bitget than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CGPTUSDT	0.02141	0.0100	pay 0.0050% / 4h	2h 38m	$595K	$98K	50x
Short	MEXC CGPT_USDT	0.02136	0.0100	get 0.0050% / 4h	2h 38m	$417K	$130K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.234%Rate

Funding earned: $0
Price spread: −0.234% → −0.038%: −$19.53
Slippage, 4 orders: −$96.15
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$131.68
Costs to cover: 1.121%
Break-even: never at this rate

Slippage from Bitget: live order book, 7 min ago; MEXC: live order book, 57 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 Bitget live order book, 7 min ago	11.60 bp	40.9 bp −$41	417.6 bp −$4,176	doesn't fit	doesn't fit
Sell MEXC live order book, 57 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	0.02138	−0.140%	$1.5M	$1.7M	50x	as long as short
Bybit CGPTUSDT	+0.0100%	4h	0.02141	+0.019%	$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	0.02136	−0.234%	$417K	$130K	100x
KuCoin CGPTUSDTM	+0.0100%	4h	0.02130	−0.514%	$241K	$23K	30x	as long as short
Bitget CGPTUSDTlong	+0.0100%	4h	0.02141	long leg	$595K	$98K	50x
BingX CGPT-USDT	+0.0100%	4h	0.02138	−0.140%	—	$1.3M	—	as long as short
Variational Omni CGPT	+0.0100%	4h	0.02146	+0.241%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02135	−0.303%	$15K	$243K	5x	as long as short