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: KuCoin against Bybit+0.065%7-day average −0.306% · you sell dearer than you buy

Net, funding: paid 7d − costs−$773as in the Funding arb table

Net, price: spread back to 7d avg − costs−$729as in the Price arb table

costs, in and out, $10k−$7667.663% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 4 days (all we have)−0.313%−$31 · spread now +0.065%, 7d avg −0.306%

Together, before fees−0.377%−$38 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: KuCoin is 0.371% dearer against Bybit than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of −0.306%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CGPTUSDT	0.02157	0.0100	pay 0.0050% / 4h	3h 29m	$364K	$214K	25x
Short	KuCoin CGPTUSDTM	0.02158	0.0100	get 0.0050% / 4h	3h 29m	$244K	$21K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → −0.306%: $37.12
Slippage, 4 orders: −$743.26
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$729.15
Costs to cover: 7.663%
Break-even: never at this rate

Slippage from Bybit: live order book, 15 min ago; KuCoin: live order book, 41 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, 15 min ago	11.58 bp	104.4 bp −$104	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 41 min ago	107.68 bp	261.5 bp −$262	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	0.02156	−0.019%	$2K	$2K	10x	as long as short
Binance CGPTUSDT	+0.0100%	4h	0.02152	−0.212%	$1.5M	$1.7M	50x	as long as short
Bybit CGPTUSDTlong	+0.0100%	4h	0.02157	long leg	$364K	$214K	25x
Gate CGPT_USDT	+0.0100%	4h	0.02158	+0.065%	$184K	$53K	50x	as long as short
MEXC CGPT_USDT	+0.0100%	4h	0.02152	−0.213%	$423K	$131K	100x	as long as short
KuCoin CGPTUSDTMshort	+0.0100%	4h	0.02158	+0.065%	$244K	$21K	30x
Bitget CGPTUSDT	+0.0100%	4h	0.02155	−0.074%	$598K	$97K	50x	as long as short
BingX CGPT-USDT	+0.0100%	4h	0.02155	−0.074%	—	$1.3M	—	as long as short
Variational Omni CGPT	+0.0100%	4h	0.02158	+0.071%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02153	−0.182%	$15K	$305K	5x	as long as short