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: Gate against KuCoin−0.046%7-day average +0.233% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,510as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,541as in the Price arb table

costs, in and out, $10k−$1,51315.130% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.046%, 7d avg +0.233%

Together, before fees+0.075%+$8 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: Gate is 0.280% cheaper against KuCoin than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of +0.233%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CGPTUSDTM	0.02153	0.0100	pay 0.0050% / 4h	26m 18s	$237K	$20K	30x
Short	Gate CGPT_USDT	0.02152	0.0100	get 0.0050% / 4h	26m 18s	$183K	$54K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.046%Rate

Funding earned: $0
Price spread: −0.046% → +0.233%: −$27.99
Slippage, 4 orders: −$1,486.01
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,541
Costs to cover: 15.130%
Break-even: never at this rate

Slippage from KuCoin: live order book, 54 min ago; Gate: live order book, 25 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, 54 min ago	67.39 bp	237.4 bp −$237	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 25 min ago	16.34 bp	573.6 bp −$574	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	−0.0741%	1h	0.02147	−0.267%	$2K	$2K	10x	as long as short
Binance CGPTUSDT	+0.0100%	4h	0.02143	−0.464%	$1.5M	$1.7M	50x	as long as short
Bybit CGPTUSDT	+0.0100%	4h	0.02149	−0.209%	$362K	$214K	25x	as long as short
Gate CGPT_USDTshort	+0.0100%	4h	0.02152	−0.046%	$183K	$54K	50x
MEXC CGPT_USDT	+0.0100%	4h	0.02143	−0.464%	$422K	$132K	100x	as long as short
KuCoin CGPTUSDTMlong	+0.0100%	4h	0.02153	long leg	$237K	$20K	30x
Bitget CGPTUSDT	+0.0100%	4h	0.02145	−0.372%	$591K	$97K	50x	as long as short
BingX CGPT-USDT	+0.0100%	4h	0.02150	−0.139%	—	$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	−0.467%	$16K	$305K	5x	as long as short