Funding arb · Price arb /

CAP

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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 −0.080%

Price spread now: Bybit against Aster+0.164%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.164% dearer against Aster than usual: you sell high and buy low, +$16 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CAPUSDT	0.04614	0.0100	pay 0.0050% / 4h	58m 23s	$26K	$67K	5x
Short	Bybit CAPUSDT	0.04622	0.0100	get 0.0050% / 4h	58m 23s	$4.5M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AsterbpFee BybitbpOrdersPrice spread, now +0.164%Rate

Funding earned: $0
Price spread: +0.164% → 0.000%: $16.38
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$2.62
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	2.17 bp	38.5 bp −$39	353.0 bp −$3,530	doesn't fit	doesn't fit

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CAP on 14 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
KuCoin CAPUSDTM	−0.0382%	4h	0.04613	−0.031%	$4.4M	$1.4M	10x	as long as short
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04617	+0.057%	—	—	150x	as long as short
BingX CAP-USDT	+0.0070%	4h	0.04618	+0.077%	—	$1.6M	—	as long as short
BloFin CAP-USDT	+0.0071%	4h	0.04602	−0.270%	$370K	$60K	10x	as long as short
Lighter CAP	+0.0096%	1h	0.04619	+0.097%	$19K	$2K	3x	as long as short
Aster CAPUSDTlong	+0.0100%	4h	0.04614	long leg	$26K	$67K	5x
Binance CAPUSDT	+0.0100%	4h	0.04623	+0.185%	$8.9M	$9.0M	10x	as long as short
Bybit CAPUSDTshort	+0.0100%	4h	0.04622	+0.164%	$4.5M	$4.2M	10x
OKX CAP-USDT-SWAP	+0.0100%	4h	0.04622	+0.164%	$2.1M	$7.3M	10x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04614	−0.010%	$325K	$1.2M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CAP_USDT	+0.0100%	4h	0.04618	+0.077%	$547K	$225K	20x	as long as short
Bitget CAPUSDT	+0.0100%	4h	0.04615	+0.012%	$1.0M	$593K	10x	as long as short
Variational Omni CAP	+0.0100%	4h	0.04605	−0.203%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04603	−0.252%	$4K	$1K	10x	as long as short