Funding arb · Price arb /

CAP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h +0.045%

Price spread now: gTrade (Gains Network) against BingX+0.066%7-day average — · you sell dearer than you buy

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

Long on BingX Short on gTrade (Gains Network)

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.066% dearer against BingX than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CAP-USDT	0.04648	0.0070	pay 0.0035% / 4h	2h 42m	—	$1.6M	—
Short	gTrade (Gains Network) CAP/USD	0.04651	L 0.0000% / S 0.0000%	pay 0.0000% / 1h	42m 57s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.066%Rate

Funding earned: −$14.8
Price spread: +0.066% → 0.000%: $6.6
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$30.19
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 9 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 9 min ago	4.32 bp	23.6 bp −$24	76.9 bp −$769	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) CAP/USDshort	L 0.0000% / S 0.0000%	1h	0.04651	+0.066%	—	—	150x
BingX CAP-USDTlong	+0.0070%	4h	0.04648	long leg	—	$1.6M	—
Lighter CAP	+0.0096%	1h	0.04652	+0.086%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04650	+0.036%	$25K	$58K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04650	+0.038%	$8.8M	$8.1M	10x	as long as short
Bybit CAPUSDT	+0.0100%	4h	0.04649	+0.022%	$4.5M	$3.8M	10x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04649	+0.022%	$322K	$1.1M	20x	as long as short
MEXC CAP_USDT	+0.0100%	4h	0.04651	+0.065%	$549K	$217K	20x	as long as short
KuCoin CAPUSDTM	+0.0100%	4h	0.04651	+0.065%	$4.3M	$1.3M	10x	as long as short
Bitget CAPUSDT	+0.0100%	4h	0.04647	−0.022%	$1.0M	$599K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CAP	+0.0100%	4h	0.04641	−0.147%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04650	+0.054%	$4K	$2K	10x	as long as short
BloFin CAP-USDT	+0.0110%	4h	0.04658	+0.215%	$364K	$61K	10x	as long as short
OKX CAP-USDT-SWAP	+0.0209%	4h	0.04652	+0.086%	$1.9M	$7.1M	10x	as long as short