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: BingX against MEXC+0.140%7-day average +0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1101.100% of the position

Long on MEXC Short on BingX

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)−0.065%−$7 · spread now +0.140%, 7d avg +0.102%

Together, before fees−0.036%−$4 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: BingX is 0.038% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CGPT_USDT	0.02150	0.0100	pay 0.0050% / 4h	1h 58m	$426K	$128K	100x
Short	BingX CGPT-USDT	0.02153	0.0100	get 0.0050% / 4h	1h 58m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.140%Rate

Funding earned: $0
Price spread: +0.140% → +0.102%: $3.77
Slippage, 4 orders: −$95.96
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$106.19
Costs to cover: 1.100%
Break-even: never at this rate

Slippage from MEXC: live order book, 32 min ago; BingX: live order book, 2 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 MEXC live order book, 32 min ago	7.03 bp	16.1 bp −$16	76.1 bp −$761	219.9 bp −$22.0K	517.7 bp −$258.8K
Sell BingX live order book, 2 min ago	13.96 bp	41.5 bp −$41	131.0 bp −$1,310	725.8 bp −$72.6K	1027.2 bp −$513.6K

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	−0.0482%	1h	0.02150	−0.002%	$2K	$2K	10x	as long as short
Binance CGPTUSDT	+0.0100%	4h	0.02153	+0.140%	$1.5M	$1.7M	50x	as long as short
Bybit CGPTUSDT	+0.0100%	4h	0.02155	+0.228%	$364K	$213K	25x	as long as short
Gate CGPT_USDT	+0.0100%	4h	0.02153	+0.140%	$184K	$53K	50x	as long as short
MEXC CGPT_USDTlong	+0.0100%	4h	0.02150	long leg	$426K	$128K	100x
KuCoin CGPTUSDTM	+0.0100%	4h	0.02142	−0.372%	$243K	$24K	30x	as long as short
Bitget CGPTUSDT	+0.0100%	4h	0.02155	+0.233%	$599K	$97K	50x	as long as short
BingX CGPT-USDTshort	+0.0100%	4h	0.02153	+0.140%	—	$1.3M	—
Variational Omni CGPT	+0.0100%	4h	0.02154	+0.168%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02152	+0.111%	$16K	$246K	5x	as long as short