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: MEXC against Gate−0.418%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,062as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,093as in the Price arb table

costs, in and out, $10k−$1,06210.623% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)+0.493%+$49 · spread now −0.418%, 7d avg −0.114%

Together, before fees+0.498%+$50 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 0.304% cheaper against Gate than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of −0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CGPT_USDT	0.02153	0.0100	pay 0.0050% / 4h	26m 52s	$183K	$54K	50x
Short	MEXC CGPT_USDT	0.02144	0.0100	get 0.0050% / 4h	26m 52s	$422K	$132K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.418%Rate

Funding earned: $0
Price spread: −0.418% → −0.114%: −$30.4
Slippage, 4 orders: −$1,043.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,092.71
Costs to cover: 10.623%
Break-even: never at this rate

Slippage from Gate: live order book, 24 min ago; MEXC: 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 Gate live order book, 24 min ago	16.34 bp	460.5 bp −$461	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 14 min ago	4.68 bp	14.1 bp −$14	65.4 bp −$654	228.2 bp −$22.8K	583.6 bp −$291.8K

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	−0.0741%	1h	0.02149	−0.187%	$2K	$2K	10x	as long as short
Binance CGPTUSDT	+0.0100%	4h	0.02144	−0.418%	$1.5M	$1.7M	50x	as long as short
Bybit CGPTUSDT	+0.0100%	4h	0.02150	−0.153%	$363K	$214K	25x	as long as short
Gate CGPT_USDTlong	+0.0100%	4h	0.02153	long leg	$183K	$54K	50x
MEXC CGPT_USDTshort	+0.0100%	4h	0.02144	−0.418%	$422K	$132K	100x
KuCoin CGPTUSDTM	+0.0100%	4h	0.02153	0.000%	$237K	$20K	30x	as long as short
Bitget CGPTUSDT	+0.0100%	4h	0.02146	−0.325%	$591K	$97K	50x	as long as short
BingX CGPT-USDT	+0.0100%	4h	0.02151	−0.093%	—	$1.3M	—	as long as short
Variational Omni CGPT	+0.0100%	4h	0.02148	−0.250%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02143	−0.445%	$16K	$305K	5x	as long as short