CGPT arbitrage explained
Right now ChainGPT (CGPT) trades on 7 venues we scan: 7 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.0221 and the highest bid on Bybit spot at $0.0221.
The widest CGPT perpetual spread is between Binance and Bitget: long CGPT on Binance at $0.0221 and short on Bitget at $0.0221 for 0.00% gross, or -0.16% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best CGPT route is to buy spot on Binance and short the perpetual on Bitget: -0.09% gross, -0.29% net, with +0.030% a day of funding on the short leg.
Spot–spot CGPT arbitrage (buy on Binance, withdraw, deposit and sell on Bybit) shows -0.05% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small CGPT gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: CGPT funding rates · CGPT spread charts · ChainGPT price · arbitrage scanner for all coins.