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 MEXC+0.420%7-day average +0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,063as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,032as in the Price arb table

costs, in and out, $10k−$1,06210.623% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.495%−$49 · spread now +0.420%, 7d avg +0.114%

Together, before fees−0.500%−$50 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 0.306% dearer against MEXC than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of +0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CGPT_USDT	0.02144	0.0100	pay 0.0050% / 4h	26m 54s	$422K	$132K	100x
Short	Gate CGPT_USDT	0.02153	0.0100	get 0.0050% / 4h	26m 54s	$183K	$54K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.420%Rate

Funding earned: $0
Price spread: +0.420% → +0.114%: $30.57
Slippage, 4 orders: −$1,043.31
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,031.74
Costs to cover: 10.623%
Break-even: never at this rate

Slippage from MEXC: live order book, 14 min ago; Gate: live order book, 24 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, 14 min ago	4.68 bp	14.2 bp −$14	78.0 bp −$780	233.3 bp −$23.3K	593.5 bp −$296.8K
Sell Gate live order book, 24 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	0.02149	+0.232%	$2K	$2K	10x	as long as short
Binance CGPTUSDT	+0.0100%	4h	0.02144	0.000%	$1.5M	$1.7M	50x	as long as short
Bybit CGPTUSDT	+0.0100%	4h	0.02150	+0.266%	$363K	$214K	25x	as long as short
Gate CGPT_USDTshort	+0.0100%	4h	0.02153	+0.420%	$183K	$54K	50x
MEXC CGPT_USDTlong	+0.0100%	4h	0.02144	long leg	$422K	$132K	100x
KuCoin CGPTUSDTM	+0.0100%	4h	0.02153	+0.420%	$237K	$20K	30x	as long as short
Bitget CGPTUSDT	+0.0100%	4h	0.02146	+0.093%	$591K	$97K	50x	as long as short
BingX CGPT-USDT	+0.0100%	4h	0.02151	+0.326%	—	$1.3M	—	as long as short
Variational Omni CGPT	+0.0100%	4h	0.02148	+0.169%	$15K	$2K	—	as long as short
Extended CGPT-USD	+0.0104%	1h	0.02143	−0.028%	$16K	$305K	5x	as long as short