Funding arb · Price arb /

CGPT

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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 0.000%

Price spread now: Bitget against KuCoin+0.704%7-day average +0.158% · you sell dearer than you buy

Net, funding: paid 7d − costs−$631as in the Funding arb table

Net, price: spread back to 7d avg − costs−$582as in the Price arb table

costs, in and out, $10k−$6376.369% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 4 days (all we have)−0.505%−$51 · spread now +0.704%, 7d avg +0.158%

Together, before fees−0.442%−$44 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: Bitget is 0.547% dearer against KuCoin than usual: you sell high and buy low, +$55 on $10k if it goes back to its 7-day average of +0.158%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CGPTUSDTM	0.02130	0.0100	pay 0.0050% / 4h	2h 37m	$241K	$23K	30x
Short	Bitget CGPTUSDT	0.02145	0.0100	get 0.0050% / 4h	2h 37m	$596K	$98K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.704%Rate

Funding earned: $0
Price spread: +0.704% → +0.158%: $54.66
Slippage, 4 orders: −$612.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$582.25
Costs to cover: 6.369%
Break-even: never at this rate

Slippage from KuCoin: live order book, 19 min ago; Bitget: live order book, 8 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, 19 min ago	79.44 bp	337.0 bp −$337	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 8 min ago	11.60 bp	41.1 bp −$41	284.2 bp −$2,842	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	+0.809%	$2K	$2K	10x	as long as short
Binance CGPTUSDT	+0.0100%	4h	0.02143	+0.630%	$1.5M	$1.7M	50x	as long as short
Bybit CGPTUSDT	+0.0100%	4h	0.02143	+0.615%	$362K	$212K	25x	as long as short
Gate CGPT_USDT	+0.0100%	4h	0.02141	+0.516%	$183K	$54K	50x	as long as short
MEXC CGPT_USDT	+0.0100%	4h	0.02143	+0.610%	$418K	$130K	100x	as long as short
KuCoin CGPTUSDTMlong	+0.0100%	4h	0.02130	long leg	$241K	$23K	30x
Bitget CGPTUSDTshort	+0.0100%	4h	0.02145	+0.704%	$596K	$98K	50x
BingX CGPT-USDT	+0.0100%	4h	0.02141	+0.516%	—	$1.3M	—	as long as short
Variational Omni CGPT	+0.0100%	4h	0.02146	+0.759%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02142	+0.565%	$15K	$245K	5x	as long as short