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: MEXC against KuCoin−0.234%7-day average +0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$818as in the Funding arb table

Net, price: spread back to 7d avg − costs−$857as in the Price arb table

costs, in and out, $10k−$8228.219% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)+0.384%+$38 · spread now −0.234%, 7d avg +0.118%

Together, before fees+0.418%+$42 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: MEXC is 0.352% cheaper against KuCoin than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of +0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CGPTUSDTM	0.02140	0.0100	pay 0.0050% / 4h	3h 31m	$247K	$21K	30x
Short	MEXC CGPT_USDT	0.02135	0.0100	get 0.0050% / 4h	3h 31m	$416K	$128K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.234%Rate

Funding earned: $0
Price spread: −0.234% → +0.118%: −$35.16
Slippage, 4 orders: −$805.88
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$857.03
Costs to cover: 8.219%
Break-even: never at this rate

Slippage from KuCoin: live order book, 60 min ago; MEXC: live order book, 49 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, 60 min ago	67.77 bp	573.5 bp −$573	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 49 min ago	4.67 bp	13.5 bp −$14	59.2 bp −$592	206.6 bp −$20.7K	524.3 bp −$262.2K

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	−0.1154%	1h	0.02136	−0.200%	$3K	$3K	10x	as long as short
Binance CGPTUSDT	+0.0100%	4h	0.02134	−0.280%	$1.5M	$1.7M	50x	as long as short
Bybit CGPTUSDT	+0.0100%	4h	0.02138	−0.093%	$360K	$210K	25x	as long as short
Gate CGPT_USDT	+0.0100%	4h	0.02137	−0.140%	$183K	$54K	50x	as long as short
MEXC CGPT_USDTshort	+0.0100%	4h	0.02135	−0.234%	$416K	$128K	100x
KuCoin CGPTUSDTMlong	+0.0100%	4h	0.02140	long leg	$247K	$21K	30x
Bitget CGPTUSDT	+0.0100%	4h	0.02138	−0.093%	$596K	$110K	50x	as long as short
BingX CGPT-USDT	+0.0100%	4h	0.02135	−0.234%	—	$1.3M	—	as long as short
Variational Omni CGPT	+0.0100%	4h	0.02140	+0.007%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02133	−0.307%	$15K	$290K	5x	as long as short