Funding arb · Price arb /

CGPT

all CGPT markets

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: Bybit against Gate−0.186%7-day average +0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,144as in the Price arb table

costs, in and out, $10k−$1,11811.178% of the position

Long on Gate Short on Bybit

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)+0.312%+$31 · spread now −0.186%, 7d avg +0.075%

Together, before fees+0.346%+$35 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: Bybit is 0.262% cheaper against Gate than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CGPT_USDT	0.02148	0.0100	pay 0.0050% / 4h	2h 40m	$184K	$54K	50x
Short	Bybit CGPTUSDT	0.02144	0.0100	get 0.0050% / 4h	2h 40m	$362K	$212K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.186%Rate

Funding earned: $0
Price spread: −0.186% → +0.075%: −$26.15
Slippage, 4 orders: −$1,091.75
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,143.9
Costs to cover: 11.178%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 64 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, 1 min ago	16.33 bp	421.3 bp −$421	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 64 min ago	11.58 bp	99.9 bp −$100	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	−0.0091%	1h	0.02147	−0.034%	$2K	$2K	10x	as long as short
Binance CGPTUSDT	+0.0100%	4h	0.02138	−0.466%	$1.5M	$1.7M	50x	as long as short
Bybit CGPTUSDTshort	+0.0100%	4h	0.02144	−0.186%	$362K	$212K	25x
Gate CGPT_USDTlong	+0.0100%	4h	0.02148	long leg	$184K	$54K	50x
MEXC CGPT_USDT	+0.0100%	4h	0.02138	−0.466%	$417K	$130K	100x	as long as short
KuCoin CGPTUSDTM	+0.0100%	4h	0.02136	−0.559%	$241K	$23K	30x	as long as short
Bitget CGPTUSDT	+0.0100%	4h	0.02146	−0.093%	$596K	$98K	50x	as long as short
BingX CGPT-USDT	+0.0100%	4h	0.02144	−0.186%	—	$1.3M	—	as long as short
Variational Omni CGPT	+0.0100%	4h	0.02146	−0.085%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02139	−0.397%	$15K	$243K	5x	as long as short