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 Bybit+0.079%7-day average −0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,363as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,344as in the Price arb table

costs, in and out, $10k−$1,35913.593% of the position

Long on Bybit 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)−0.212%−$21 · spread now +0.079%, 7d avg −0.077%

Together, before fees−0.246%−$25 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 0.156% dearer against Bybit than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CGPTUSDT	0.02153	0.0100	pay 0.0050% / 4h	3h 32m	$364K	$214K	25x
Short	Gate CGPT_USDT	0.02155	0.0100	get 0.0050% / 4h	3h 32m	$183K	$53K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → −0.077%: $15.6
Slippage, 4 orders: −$1,333.34
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,343.74
Costs to cover: 13.593%
Break-even: never at this rate

Slippage from Bybit: live order book, 12 min ago; Gate: live order book, 14 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 Bybit live order book, 12 min ago	11.58 bp	104.4 bp −$104	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 14 min ago	16.21 bp	565.0 bp −$565	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	−0.0567%	1h	0.02154	+0.035%	$2K	$2K	10x	as long as short
Binance CGPTUSDT	+0.0100%	4h	0.02151	−0.107%	$1.5M	$1.7M	50x	as long as short
Bybit CGPTUSDTlong	+0.0100%	4h	0.02153	long leg	$364K	$214K	25x
Gate CGPT_USDTshort	+0.0100%	4h	0.02155	+0.079%	$183K	$53K	50x
MEXC CGPT_USDT	+0.0100%	4h	0.02151	−0.107%	$423K	$130K	100x	as long as short
KuCoin CGPTUSDTM	+0.0100%	4h	0.02153	−0.014%	$243K	$21K	30x	as long as short
Bitget CGPTUSDT	+0.0100%	4h	0.02153	−0.014%	$598K	$97K	50x	as long as short
BingX CGPT-USDT	+0.0100%	4h	0.02153	−0.014%	—	$1.3M	—	as long as short
Variational Omni CGPT	+0.0100%	4h	0.02154	+0.038%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02150	−0.141%	$15K	$305K	5x	as long as short