CAP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0036%/8h= −4.0% APRnext payment −$0.18 per $10,000 · paid last 24h +0.109%

Price spread now: BloFin against BingX−0.374%96s7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$940.944% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.608%+$61 on $10k

Price spread, last 3 days (all we have)+0.522%+$52 · spread now −0.374%, 7d avg +0.029%

Together, before fees+1.130%+$113 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.403% cheaper against BingX than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of +0.029%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.608%, so the current rate has only just turned against you. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CAP-USDT	0.04544	0.0096	pay 0.0048% / 4h	3h 43m	—	$1.6M	—
Short	BloFin CAP-USDT	0.04527	0.0060	get 0.0030% / 4h	3h 43m	$374K	$58K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now −0.374%Rate

Funding earned: −$7.62
Price spread: −0.374% → +0.029%: −$40.34
Slippage, 4 orders: −$72.45
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$142.41
Costs to cover: 0.944%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; BloFin: live order book, 27 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 BingX live order book, 8 min ago	7.72 bp	25.2 bp −$25	84.7 bp −$847	doesn't fit	doesn't fit
Sell BloFin live order book, 27 min ago	1.09 bp	25.5 bp −$26	60.1 bp −$601	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	−0.0846%	4h	0.04532	−0.264%	$4.3M	$1.4M	10x	as long as short
Bybit CAPUSDT	−0.0827%	4h	0.04550	+0.132%	$4.4M	$4.1M	10x	as long as short
OKX CAP-USDT-SWAP	−0.0608%	4h	0.04547	+0.066%	$2.2M	$7.0M	10x	as long as short
Variational Omni CAP	−0.0208%	4h	0.04531	−0.291%	$8K	$8K	—	as long as short
Bitget CAPUSDT	−0.0078%	4h	0.04541	−0.066%	$1.0M	$558K	10x	as long as short
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04540	−0.092%	$492	—	150x	as long as short
BloFin CAP-USDTshort	+0.0060%	4h	0.04527	−0.374%	$374K	$58K	10x
MEXC CAP_USDT	+0.0088%	4h	0.04540	−0.088%	$521K	$228K	20x	as long as short
Binance CAPUSDT	+0.0089%	4h	0.04544	−0.008%	$8.9M	$8.8M	10x	as long as short
Lighter CAP	+0.0096%	1h	0.04533	−0.238%	$19K	$2K	3x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CAP-USDTlong	+0.0096%	4h	0.04544	long leg	—	$1.6M	—
Aster CAPUSDT	+0.0100%	4h	0.04537	−0.151%	$27K	$71K	5x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04540	−0.088%	$331K	$1.1M	20x	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04532	−0.260%	$5K	$582	10x	as long as short