Funding arb · Price arb /

CAP

all CAP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Orderly against Binance−0.145%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.145% cheaper against Binance than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CAPUSDT	0.04631	0.0100	pay 0.0050% / 4h	1h 18m	$8.9M	$9.0M	10x
Short	Orderly PERP_CAP_USDC_mythos	0.04624	0.0100	get 0.0050% / 4h	1h 18m	$4K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → 0.000%: −$14.47
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$30.47
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 6 min ago; Orderly: 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 Binance live order book, 6 min ago	1.08 bp	14.6 bp −$15	158.0 bp −$1,580	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0486%	4h	0.04626	−0.108%	$4.4M	$1.4M	10x	as long as short
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04620	−0.231%	—	—	150x	as long as short
OKX CAP-USDT-SWAP	+0.0069%	4h	0.04632	+0.022%	$2.1M	$7.3M	10x	as long as short
BloFin CAP-USDT	+0.0087%	4h	0.04626	−0.108%	$376K	$61K	10x	as long as short
Lighter CAP	+0.0096%	1h	0.04624	−0.160%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04621	−0.206%	$26K	$66K	5x	as long as short
Binance CAPUSDTlong	+0.0100%	4h	0.04631	long leg	$8.9M	$9.0M	10x
Bybit CAPUSDT	+0.0100%	4h	0.04630	−0.022%	$4.5M	$4.2M	10x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04626	−0.108%	$325K	$1.2M	20x	as long as short
MEXC CAP_USDT	+0.0100%	4h	0.04628	−0.065%	$546K	$233K	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	0.04627	−0.086%	$1.0M	$594K	10x	as long as short
BingX CAP-USDT	+0.0100%	4h	0.04628	−0.065%	—	$1.6M	—	as long as short
Variational Omni CAP	+0.0100%	4h	0.04636	+0.111%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythosshort	+0.0100%	4h	0.04624	−0.145%	$4K	$1K	10x