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 MEXC+0.093%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1131.128% of the position

Long on MEXC Short on Bitget

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)−0.004%$0 · spread now +0.093%, 7d avg +0.042%

Together, before fees+0.026%+$3 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 0.051% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CGPT_USDT	0.02153	0.0100	pay 0.0050% / 4h	1h 07m	$426K	$131K	100x
Short	Bitget CGPTUSDT	0.02155	0.0100	get 0.0050% / 4h	1h 07m	$601K	$98K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → +0.042%: $5.09
Slippage, 4 orders: −$96.77
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$107.68
Costs to cover: 1.128%
Break-even: never at this rate

Slippage from MEXC: live order book, 18 min ago; Bitget: live order book, 33 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, 18 min ago	4.66 bp	15.6 bp −$16	81.6 bp −$816	225.9 bp −$22.6K	427.6 bp −$213.8K
Sell Bitget live order book, 33 min ago	11.64 bp	47.5 bp −$48	214.0 bp −$2,140	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	0.02153	+0.012%	$3K	$3K	10x	as long as short
Binance CGPTUSDT	+0.0100%	4h	0.02153	0.000%	$1.5M	$1.7M	50x	as long as short
Bybit CGPTUSDT	+0.0100%	4h	0.02157	+0.186%	$363K	$212K	25x	as long as short
Gate CGPT_USDT	+0.0100%	4h	0.02158	+0.232%	$185K	$53K	50x	as long as short
MEXC CGPT_USDTlong	+0.0100%	4h	0.02153	long leg	$426K	$131K	100x
KuCoin CGPTUSDTM	+0.0100%	4h	0.02147	−0.279%	$243K	$21K	30x	as long as short
Bitget CGPTUSDTshort	+0.0100%	4h	0.02155	+0.093%	$601K	$98K	50x
BingX CGPT-USDT	+0.0100%	4h	0.02155	+0.093%	—	$1.3M	—	as long as short
Variational Omni CGPT	+0.0100%	4h	0.02155	+0.098%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02151	−0.075%	$15K	$241K	5x	as long as short