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: Binance against KuCoin+0.232%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$829as in the Funding arb table

Net, price: spread back to 7d avg − costs−$823as in the Price arb table

costs, in and out, $10k−$8338.325% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 4 days (all we have)−0.178%−$18 · spread now +0.232%, 7d avg +0.139%

Together, before fees−0.143%−$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: Binance is 0.093% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CGPTUSDTM	0.02155	0.0100	pay 0.0050% / 4h	2h 20m	$245K	$21K	30x
Short	Binance CGPTUSDT	0.02160	0.0100	get 0.0050% / 4h	2h 20m	$1.5M	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now +0.232%Rate

Funding earned: $0
Price spread: +0.232% → +0.139%: $9.27
Slippage, 4 orders: −$810.52
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$823.25
Costs to cover: 8.325%
Break-even: never at this rate

Slippage from KuCoin: live order book, 23 min ago; Binance: live order book, 7 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 KuCoin live order book, 23 min ago	46.62 bp	523.9 bp −$524	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	2.32 bp	40.0 bp −$40	157.0 bp −$1,570	doesn't fit	doesn't fit

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	−0.0645%	1h	0.02165	+0.482%	$3K	$4K	10x	as long as short
Binance CGPTUSDTshort	+0.0100%	4h	0.02160	+0.232%	$1.5M	$1.7M	50x
Bybit CGPTUSDT	+0.0100%	4h	0.02165	+0.450%	$365K	$194K	25x	as long as short
Gate CGPT_USDT	+0.0100%	4h	0.02165	+0.464%	$186K	$49K	50x	as long as short
MEXC CGPT_USDT	+0.0100%	4h	0.02160	+0.232%	$413K	$130K	100x	as long as short
KuCoin CGPTUSDTMlong	+0.0100%	4h	0.02155	long leg	$245K	$21K	30x
Bitget CGPTUSDT	+0.0100%	4h	0.02163	+0.371%	$605K	$116K	50x	as long as short
BingX CGPT-USDT	+0.0100%	4h	0.02163	+0.371%	—	$1.3M	—	as long as short
Variational Omni CGPT	+0.0100%	4h	0.02163	+0.374%	$15K	$1K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02160	+0.249%	$16K	$294K	5x	as long as short