Funding arb · Price arb /

CGPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit−0.141%7-day average −0.190% · you buy dearer than you sell

Net, funding: paid 7d − costs−$220as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2182.176% of the position

Long on Bybit 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)−0.008%−$1 · spread now −0.141%, 7d avg −0.190%

Together, before fees−0.037%−$4 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 0.049% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.190%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CGPTUSDT	0.02123	0.0100	pay 0.0050% / 4h	1h 30m	$361K	$205K	25x
Short	MEXC CGPT_USDT	0.02120	0.0100	get 0.0050% / 4h	1h 30m	$404K	$130K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.141%Rate

Funding earned: $0
Price spread: −0.141% → −0.190%: $4.9
Slippage, 4 orders: −$202.57
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$212.66
Costs to cover: 2.176%
Break-even: never at this rate

Slippage from Bybit: live order book, 7 min ago; MEXC: live order book, 6 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, 7 min ago	4.67 bp	109.3 bp −$109	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	7.03 bp	16.3 bp −$16	58.7 bp −$587	216.1 bp −$21.6K	545.4 bp −$272.7K

CGPT on 10 exchanges

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	−0.1287%	1h	0.02121	−0.114%	$3K	$4K	10x	as long as short
Binance CGPTUSDT	+0.0100%	4h	0.02119	−0.188%	$1.5M	$1.6M	50x	as long as short
Bybit CGPTUSDTlong	+0.0100%	4h	0.02123	long leg	$361K	$205K	25x
Gate CGPT_USDT	+0.0100%	4h	0.02122	−0.047%	$182K	$49K	50x	as long as short
MEXC CGPT_USDTshort	+0.0100%	4h	0.02120	−0.141%	$404K	$130K	100x
KuCoin CGPTUSDTM	+0.0100%	4h	0.02115	−0.377%	$239K	$20K	30x	as long as short
Bitget CGPTUSDT	+0.0100%	4h	0.02121	−0.094%	$594K	$112K	50x	as long as short
BingX CGPT-USDT	+0.0100%	4h	0.02120	−0.141%	—	$1.3M	—	as long as short
Variational Omni CGPT	+0.0100%	4h	0.02139	+0.752%	$15K	$1K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02119	−0.206%	$17K	$285K	5x	as long as short