CAP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0838%/8h= −91.8% APRnext payment −$4.19 per $10,000 · paid last 24h −0.124%

Price spread now: KuCoin against Binance+0.011%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1261.262% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.315%+$32 on $10k

Price spread, last 7 days+0.144%+$14 · spread now +0.011%, 7d avg +0.025%

Together, before fees+0.460%+$46 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$25 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.315%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.315% in total (about 16.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.19 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CAPUSDT	0.04611	0.0100	pay 0.0050% / 4h	2h 05m	$9.0M	$8.8M	10x
Short	KuCoin CAPUSDTM	0.04611	−0.0738	pay 0.0369% / 4h	2h 05m	$4.4M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$175.98
Price spread: +0.011% → +0.025%: −$1.4
Slippage, 4 orders: −$104.18
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$303.56
Costs to cover: 1.262%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; KuCoin: live order book, 2 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, 4 min ago	1.08 bp	20.2 bp −$20	162.3 bp −$1,623	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	4.33 bp	39.0 bp −$39	485.5 bp −$4,855	doesn't fit	doesn't fit

CAP on 13 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 CAPUSDTMshort	−0.0738%	4h	0.04611	+0.011%	$4.4M	$1.4M	10x
OKX CAP-USDT-SWAP	−0.0361%	4h	0.04608	−0.054%	$2.1M	$7.1M	10x	as long as short
Bitget CAPUSDT	−0.0016%	4h	0.04608	−0.054%	$1.0M	$591K	10x	as long as short
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04609	−0.031%	—	—	150x	as long as short
Lighter CAP	+0.0096%	1h	0.04609	−0.039%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04614	+0.069%	$26K	$66K	5x	as long as short
Binance CAPUSDTlong	+0.0100%	4h	0.04611	long leg	$9.0M	$8.8M	10x
Bybit CAPUSDT	+0.0100%	4h	0.04609	−0.033%	$4.5M	$4.1M	10x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04612	+0.032%	$327K	$1.2M	20x	as long as short
MEXC CAP_USDT	+0.0100%	4h	0.04610	−0.011%	$560K	$237K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CAP-USDT	+0.0100%	4h	0.04609	−0.033%	—	$1.6M	—	as long as short
Variational Omni CAP	+0.0100%	4h	0.04609	−0.029%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04614	+0.071%	$5K	$582	10x	as long as short