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: Bitget against Gate+0.088%7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1531.529% 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)+0.037%+$4 · spread now +0.088%, 7d avg +0.097%
Together, before fees+0.102%+$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CP_USDT0.013580.0100pay 0.0050% / 4h0m 19s$559K$518K20x
ShortBitget CPUSDT0.013590.0100get 0.0050% / 4h0m 19s$791K$1.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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: +0.088% → +0.097%
−$0.89
Slippage, 4 orders
−$125.9
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$153.78
Costs to cover
1.529%
Break-even
never at this rate
Slippage from Gate: live order book, 11 min ago; Bitget: live order book, 6 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 Gate live order book, 11 min ago11.03 bp45.2 bp −$45doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 6 min ago7.37 bp29.1 bp −$29130.4 bp −$1,304doesn'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%4h0.01360+0.147%$1.0Mas long as short
BloFin CP-USDT+0.0096%4h0.01356−0.147%$414$37K20xas long as short
Bybit CPUSDT+0.0100%4h0.01361+0.221%$1.5M$2.4M20xas long as short
OKX CP-USDT-SWAP+0.0100%4h0.01362+0.295%$3.8M$10.8M20xas long as short
Gate CP_USDTlong+0.0100%4h0.01358long leg$559K$518K20x
MEXC CP_USDT+0.0100%4h0.01359+0.074%$1.5M$369K20xas long as short
KuCoin CPUSDTM+0.0100%4h0.01361+0.221%$190K$923K20xas long as short
Bitget CPUSDTshort+0.0100%4h0.01359+0.088%$791K$1.5M20x