Funding arb · Price arb /

CAP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.026%

Price spread now: gTrade (Gains Network) against Aster+0.103%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.103% dearer against Aster than usual: you sell high and buy low (spread +0.103% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CAPUSDT	0.04630	0.0100	pay 0.0050% / 4h	1h 19m	$26K	$66K	5x
Short	gTrade (Gains Network) CAP/USD	0.04635	L 0.0000% / S 0.0000%	pay 0.0000% / 1h	19m 48s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Aster. 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 AsterbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.103%Rate

Funding earned: −$21.1
Price spread: +0.103% → 0.000%: $10.27
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$30.83
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; gTrade (Gains Network): no order-book sample. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—

Aster and gTrade (Gains Network): 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	−0.0490%	4h	0.04632	+0.040%	$4.4M	$1.4M	10x	as long as short
gTrade (Gains Network) CAP/USDshort	L 0.0000% / S 0.0000%	1h	0.04635	+0.103%	—	—	150x
OKX CAP-USDT-SWAP	+0.0058%	4h	0.04633	+0.062%	$2.1M	$7.3M	10x	as long as short
Lighter CAP	+0.0096%	1h	0.04632	+0.049%	$19K	$2K	3x	as long as short
Aster CAPUSDTlong	+0.0100%	4h	0.04630	long leg	$26K	$66K	5x
Binance CAPUSDT	+0.0100%	4h	0.04633	+0.053%	$8.9M	$9.0M	10x	as long as short
Bybit CAPUSDT	+0.0100%	4h	0.04630	−0.003%	$4.5M	$4.2M	10x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04633	+0.062%	$326K	$1.2M	20x	as long as short
MEXC CAP_USDT	+0.0100%	4h	0.04631	+0.019%	$547K	$233K	20x	as long as short
Bitget CAPUSDT	+0.0100%	4h	0.04630	−0.003%	$1.0M	$594K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CAP-USDT	+0.0100%	4h	0.04629	−0.024%	—	$1.6M	—	as long as short
Variational Omni CAP	+0.0100%	4h	0.04636	+0.130%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04636	+0.116%	$4K	$1K	10x	as long as short
BloFin CAP-USDT	+0.0115%	4h	0.04630	−0.003%	$376K	$61K	10x	as long as short