CAP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0349%/8h= −38.2% APRnext payment −$1.74 per $10,000 · paid last 24h −0.074%

Price spread now: Bybit against Binance+0.018%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1181.176% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.544%−$54 on $10k

Price spread, last 7 days+0.876%+$88 · spread now +0.018%, 7d avg +0.098%

Together, before fees+0.331%+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bybit is 0.080% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.098%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CAPUSDT	0.04579	0.0100	pay 0.0050% / 4h	1h 57m	$9.0M	$9.1M	10x
Short	Bybit CAPUSDT	0.04580	−0.0249	pay 0.0124% / 4h	1h 57m	$4.6M	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$73.26
Price spread: +0.018% → +0.098%: −$7.98
Slippage, 4 orders: −$96.57
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$198.82
Costs to cover: 1.176%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; Bybit: live order book, just now.

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 Binance live order book, 12 min ago	1.09 bp	22.1 bp −$22	139.9 bp −$1,399	doesn't fit	doesn't fit
Sell Bybit live order book, just now	1.09 bp	33.7 bp −$34	359.7 bp −$3,597	doesn't fit	doesn't fit

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	−0.0566%	4h	0.04576	−0.069%	$4.4M	$1.5M	10x	as long as short
Variational Omni CAP	−0.0367%	4h	0.04571	−0.171%	$8K	$8K	—	as long as short
Bybit CAPUSDTshort	−0.0249%	4h	0.04580	+0.018%	$4.6M	$4.1M	10x
OKX CAP-USDT-SWAP	−0.0175%	4h	0.04578	−0.025%	$2.2M	$7.4M	10x	as long as short
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04583	+0.074%	$497	—	150x	as long as short
Lighter CAP	+0.0096%	1h	0.04576	−0.069%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04578	−0.016%	$27K	$71K	5x	as long as short
Binance CAPUSDTlong	+0.0100%	4h	0.04579	long leg	$9.0M	$9.1M	10x
Gate CAP_USDT	+0.0100%	4h	0.04579	−0.003%	$338K	$1.1M	20x	as long as short
MEXC CAP_USDT	+0.0100%	4h	0.04581	+0.040%	$528K	$228K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAPUSDT	+0.0100%	4h	0.04582	+0.062%	$1.0M	$565K	10x	as long as short
BingX CAP-USDT	+0.0100%	4h	0.04579	−0.003%	—	$1.6M	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04576	−0.065%	$5K	$582	10x	as long as short
BloFin CAP-USDT	+0.0130%	4h	0.04577	−0.047%	$377K	$58K	10x	as long as short