Settings8H · net · $10k
Funding arb · Price arb /

CP

all CP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bitget−0.052%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1581.584% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.065%−$6 on $10k
Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.052%, 7d avg −0.098%
Together, before fees−0.125%−$13 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 0.046% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.098%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget CPUSDT0.013540.0100pay 0.0050% / 4h1h 24m$774K$1.5M20x
ShortGate CP_USDT0.013530.0100get 0.0050% / 4h1h 24m$562K$504K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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

Funding earned
$0
Price spread: −0.052% → −0.098%
$4.64
Slippage, 4 orders
−$131.39
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$153.74
Costs to cover
1.584%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; Gate: live order book, 57 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago10.34 bp22.7 bp −$23117.0 bp −$1,170doesn't fitdoesn't fit
Sell Gate live order book, 57 min ago11.20 bp53.4 bp −$53doesn't fitdoesn't fitdoesn't fit

CP on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CP-USDT+0.0070%4h0.01354+0.022%$1.0Mas long as short
Bybit CPUSDT+0.0100%4h0.01352−0.126%$1.5M$2.3M20xas long as short
OKX CP-USDT-SWAP+0.0100%4h0.01353−0.052%$3.7M$10.6M20xas long as short
Gate CP_USDTshort+0.0100%4h0.01353−0.052%$562K$504K20x
MEXC CP_USDT+0.0100%4h0.01353−0.052%$1.5M$368K20xas long as short
KuCoin CPUSDTM+0.0100%4h0.01356+0.170%$200K$951K20xas long as short
Bitget CPUSDTlong+0.0100%4h0.01354long leg$774K$1.5M20x
BloFin CP-USDT+0.0118%4h0.01354+0.022%$412$37K20xas long as short