Funding arb · Price arb /

CAP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Gate against Binance−0.018%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1411.406% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 7 days+0.051%+$5 · spread now −0.018%, 7d avg +0.006%

Together, before fees+0.145%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.024% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CAPUSDT	0.04646	0.0100	pay 0.0050% / 4h	2h 32m	$8.7M	$8.1M	10x
Short	Gate CAP_USDT	0.04645	0.0100	get 0.0050% / 4h	2h 32m	$321K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.018%Rate

Funding earned: $0
Price spread: −0.018% → +0.006%: −$2.42
Slippage, 4 orders: −$115.55
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$142.97
Costs to cover: 1.406%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Gate: live order book, 4 min ago.

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, 7 min ago	1.08 bp	20.9 bp −$21	117.3 bp −$1,173	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	4.31 bp	46.7 bp −$47	104.9 bp −$1,049	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
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04641	−0.108%	—	—	150x	as long as short
BingX CAP-USDT	+0.0070%	4h	0.04645	−0.018%	—	$1.6M	—	as long as short
BloFin CAP-USDT	+0.0090%	4h	0.04646	+0.004%	$366K	$61K	10x	as long as short
Lighter CAP	+0.0096%	1h	0.04645	−0.014%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04642	−0.090%	$25K	$58K	5x	as long as short
Binance CAPUSDTlong	+0.0100%	4h	0.04646	long leg	$8.7M	$8.1M	10x
Bybit CAPUSDT	+0.0100%	4h	0.04648	+0.047%	$4.5M	$3.8M	10x	as long as short
Gate CAP_USDTshort	+0.0100%	4h	0.04645	−0.018%	$321K	$1.1M	20x
MEXC CAP_USDT	+0.0100%	4h	0.04644	−0.039%	$548K	$217K	20x	as long as short
KuCoin CAPUSDTM	+0.0100%	4h	0.04642	−0.082%	$4.3M	$1.3M	10x	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	0.04642	−0.082%	$1.1M	$601K	10x	as long as short
Variational Omni CAP	+0.0100%	4h	0.04642	−0.076%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04644	−0.041%	$4K	$2K	10x	as long as short
OKX CAP-USDT-SWAP	+0.0239%	4h	0.04648	+0.047%	$1.9M	$7.1M	10x	as long as short