Settings8H · net · $10k
Funding arb · Price arb /

CAP

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Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.023%
Price spread now: gTrade (Gains Network) against Binance+0.145%52s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. gTrade (Gains Network) is 0.145% dearer against Binance than usual: you sell high and buy low (spread +0.145% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.8 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance CAPUSDT0.045500.0100pay 0.0050% / 4h3h 41m$9.0M$8.7M10x
ShortgTrade (Gains Network) CAP/USD0.04556L 0.0000% / S 0.0000%get 0.0000% / 1h41m 36s$494150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$21
Price spread: +0.145% → 0.000%
$14.52
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 6 bp × 2 orders
−$12
Net
−$28.48
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 13 min ago; 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 13 min ago3.31 bp21.0 bp −$21114.3 bp −$1,143doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin CAPUSDTM−0.0828%4h0.04541−0.192%$4.3M$1.4M10xas long as short
OKX CAP-USDT-SWAP−0.0595%4h0.04551+0.028%$2.2M$7.0M10xas long as short
Bybit CAPUSDT−0.0497%4h0.04556+0.138%$4.5M$4.1M10xas long as short
Variational Omni CAP−0.0208%4h0.04531−0.416%$8K$8Kas long as short
Bitget CAPUSDT−0.0072%4h0.04548−0.038%$1.0M$556K10xas long as short
gTrade (Gains Network) CAP/USDshortL 0.0000% / S 0.0000%1h0.04556+0.145%$494150x
BloFin CAP-USDT+0.0036%4h0.04543−0.148%$375K$58K10xas long as short
MEXC CAP_USDT+0.0094%4h0.04548−0.038%$522K$228K20xas long as short
BingX CAP-USDT+0.0094%4h0.04549−0.016%$1.6Mas long as short
Lighter CAP+0.0096%1h0.04546−0.075%$19K$3K3xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CAPUSDT+0.0100%4h0.04548−0.046%$27K$71K5xas long as short
Binance CAPUSDTlong+0.0100%4h0.04550long leg$9.0M$8.7M10x
Gate CAP_USDT+0.0100%4h0.04548−0.038%$331K$1.1M20xas long as short
Orderly PERP_CAP_USDC_mythos+0.0100%4h0.04546−0.088%$5K$58210xas long as short