Funding arb · Price arb /

CGPT

all CGPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.1387%/8h= +151.9% APRpaid last 24h +0.157%

Price spread now: BingX against Kraken Futures−0.027%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.027% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$42 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_CGPTUSD	0.02121	−0.1287	get 0.0161% / 1h	30m 28s	$3K	$4K	10x
Short	BingX CGPT-USDT	0.02120	0.0100	get 0.0050% / 4h	1h 30m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $291.27
Price spread: −0.027% → 0.000%: −$2.72
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $268.56
Costs to cover: 0.200%
Break-even: 0.5 days

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 8 min ago. Net counts fees only.

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 Kraken Futures no order-book sample	—	—	—	—	—
Sell BingX live order book, 8 min ago	9.35 bp	38.4 bp −$38	125.6 bp −$1,256	641.8 bp −$64.2K	892.2 bp −$446.1K

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_CGPTUSDlong	−0.1287%	1h	0.02121	long leg	$3K	$4K	10x
Binance CGPTUSDT	+0.0100%	4h	0.02119	−0.077%	$1.5M	$1.6M	50x	as long as short
Bybit CGPTUSDT	+0.0100%	4h	0.02123	+0.114%	$361K	$205K	25x	as long as short
Gate CGPT_USDT	+0.0100%	4h	0.02122	+0.067%	$182K	$49K	50x	as long as short
MEXC CGPT_USDT	+0.0100%	4h	0.02119	−0.074%	$404K	$130K	100x	as long as short
KuCoin CGPTUSDTM	+0.0100%	4h	0.02115	−0.263%	$239K	$20K	30x	as long as short
Bitget CGPTUSDT	+0.0100%	4h	0.02121	+0.020%	$594K	$112K	50x	as long as short
BingX CGPT-USDTshort	+0.0100%	4h	0.02120	−0.027%	—	$1.3M	—
Variational Omni CGPT	+0.0100%	4h	0.02124	+0.138%	$15K	$1K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02118	−0.109%	$17K	$285K	5x	as long as short