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: Bybit against KuCoin+0.466%7-day average +0.311% · you sell dearer than you buy

Net, funding: paid 7d − costs−$895as in the Funding arb table

Net, price: spread back to 7d avg − costs−$886as in the Price arb table

costs, in and out, $10k−$9019.011% of the position

Long on KuCoin Short on Bybit

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)−0.160%−$16 · spread now +0.466%, 7d avg +0.311%

Together, before fees−0.097%−$10 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 0.155% dearer against KuCoin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.311%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CGPTUSDTM	0.02147	0.0100	pay 0.0050% / 4h	1h 07m	$243K	$21K	30x
Short	Bybit CGPTUSDT	0.02157	0.0100	get 0.0050% / 4h	1h 07m	$363K	$212K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.466%Rate

Funding earned: $0
Price spread: +0.466% → +0.311%: $15.52
Slippage, 4 orders: −$878.06
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$885.53
Costs to cover: 9.011%
Break-even: never at this rate

Slippage from KuCoin: live order book, 35 min ago; Bybit: live order book, 27 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, 35 min ago	72.28 bp	405.5 bp −$405	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 27 min ago	11.65 bp	103.7 bp −$104	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	−0.0481%	1h	0.02154	+0.340%	$3K	$3K	10x	as long as short
Binance CGPTUSDT	+0.0100%	4h	0.02154	+0.332%	$1.5M	$1.7M	50x	as long as short
Bybit CGPTUSDTshort	+0.0100%	4h	0.02157	+0.466%	$363K	$212K	25x
Gate CGPT_USDT	+0.0100%	4h	0.02158	+0.512%	$185K	$53K	50x	as long as short
MEXC CGPT_USDT	+0.0100%	4h	0.02153	+0.279%	$426K	$131K	100x	as long as short
KuCoin CGPTUSDTMlong	+0.0100%	4h	0.02147	long leg	$243K	$21K	30x
Bitget CGPTUSDT	+0.0100%	4h	0.02157	+0.466%	$602K	$98K	50x	as long as short
BingX CGPT-USDT	+0.0100%	4h	0.02157	+0.466%	—	$1.3M	—	as long as short
Variational Omni CGPT	+0.0100%	4h	0.02155	+0.377%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02151	+0.204%	$15K	$241K	5x	as long as short