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 MEXC+0.019%7-day average +0.189% · you sell dearer than you buy

Net, funding: paid 7d − costs−$236as in the Funding arb table

Net, price: spread back to 7d avg − costs−$256as in the Price arb table

costs, in and out, $10k−$2392.385% of the position

Long on MEXC Short on Bybit

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)+0.168%+$17 · spread now +0.019%, 7d avg +0.189%

Together, before fees+0.198%+$20 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 0.170% cheaper against MEXC than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.189%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CGPT_USDT	0.02142	0.0100	pay 0.0050% / 4h	2h 37m	$418K	$130K	100x
Short	Bybit CGPTUSDT	0.02142	0.0100	get 0.0050% / 4h	2h 37m	$361K	$212K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → +0.189%: −$17.05
Slippage, 4 orders: −$223.51
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$255.56
Costs to cover: 2.385%
Break-even: never at this rate

Slippage from MEXC: live order book, 58 min ago; Bybit: 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, 58 min ago	4.65 bp	13.8 bp −$14	70.8 bp −$708	237.6 bp −$23.8K	547.1 bp −$273.5K
Sell Bybit live order book, 2 min ago	9.35 bp	100.4 bp −$100	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	−0.0091%	1h	0.02142	−0.023%	$2K	$2K	10x	as long as short
Binance CGPTUSDT	+0.0100%	4h	0.02142	+0.015%	$1.5M	$1.7M	50x	as long as short
Bybit CGPTUSDTshort	+0.0100%	4h	0.02142	+0.019%	$361K	$212K	25x
Gate CGPT_USDT	+0.0100%	4h	0.02141	−0.047%	$183K	$54K	50x	as long as short
MEXC CGPT_USDTlong	+0.0100%	4h	0.02142	long leg	$418K	$130K	100x
KuCoin CGPTUSDTM	+0.0100%	4h	0.02130	−0.560%	$241K	$23K	30x	as long as short
Bitget CGPTUSDT	+0.0100%	4h	0.02145	+0.140%	$596K	$98K	50x	as long as short
BingX CGPT-USDT	+0.0100%	4h	0.02141	−0.047%	—	$1.3M	—	as long as short
Variational Omni CGPT	+0.0100%	4h	0.02146	+0.195%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02141	−0.028%	$15K	$245K	5x	as long as short