Funding arb · Price arb /

CGPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.052%

Price spread now: BingX against Gate+0.093%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,049as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,043as in the Price arb table

costs, in and out, $10k−$1,05310.529% of the position

Long on Gate Short on BingX

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)+0.107%+$11 · spread now +0.093%, 7d avg −0.009%

Together, before fees+0.141%+$14 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: BingX is 0.102% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CGPT_USDT	0.02155	0.0100	pay 0.0050% / 4h	1h 17m	$183K	$60K	50x
Short	BingX CGPT-USDT	0.02157	0.0100	get 0.0050% / 4h	1h 17m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → −0.009%: $10.15
Slippage, 4 orders: −$1,027.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$1,042.77
Costs to cover: 10.529%
Break-even: never at this rate

Slippage from Gate: live order book, 39 min ago; BingX: live order book, 4 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 Gate live order book, 39 min ago	13.94 bp	458.1 bp −$458	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	11.59 bp	43.0 bp −$43	147.7 bp −$1,477	699.4 bp −$69.9K	966.3 bp −$483.2K

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	−0.0732%	1h	0.02160	+0.227%	$2K	$2K	10x	as long as short
Binance CGPTUSDT	+0.0100%	4h	0.02157	+0.071%	$1.6M	$1.7M	50x	as long as short
Bybit CGPTUSDT	+0.0100%	4h	0.02158	+0.125%	$359K	$200K	25x	as long as short
Gate CGPT_USDTlong	+0.0100%	4h	0.02155	long leg	$183K	$60K	50x
MEXC CGPT_USDT	+0.0100%	4h	0.02155	0.000%	$423K	$130K	100x	as long as short
KuCoin CGPTUSDTM	+0.0100%	4h	0.02149	−0.278%	$237K	$19K	30x	as long as short
Bitget CGPTUSDT	+0.0100%	4h	0.02158	+0.139%	$596K	$96K	50x	as long as short
BingX CGPT-USDTshort	+0.0100%	4h	0.02157	+0.093%	—	$1.3M	—
Variational Omni CGPT	+0.0100%	4h	0.02161	+0.283%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02154	−0.026%	$15K	$305K	5x	as long as short