Settings8H · net · $10k
Funding arb · Price arb /

CAP

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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 +0.104%
Price spread now: Gate against BingX−0.022%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1321.325% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.757%+$76 on $10k
Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.022%, 7d avg +0.026%
Together, before fees+0.839%+$84 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 0.048% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.026%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CAP-USDT0.046030.0100pay 0.0050% / 4h2h 12m$1.6M
ShortGate CAP_USDT0.046020.0100get 0.0050% / 4h2h 12m$327K$1.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$0
Price spread: −0.022% → +0.026%
−$4.78
Slippage, 4 orders
−$107.48
Fee BingX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$137.26
Costs to cover
1.325%
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; Gate: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 4 min ago4.34 bp22.7 bp −$2383.4 bp −$834doesn't fitdoesn't fit
Sell Gate live order book, 5 min ago3.25 bp36.3 bp −$3693.5 bp −$935doesn't fitdoesn't fit

CAP on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin CAPUSDTM−0.0796%4h0.04595−0.174%$4.4M$1.4M10xas long as short
OKX CAP-USDT-SWAP−0.0426%4h0.04597−0.130%$2.1M$7.1M10xas long as short
Bitget CAPUSDT−0.0044%4h0.04596−0.152%$1.0M$588K10xas long as short
gTrade (Gains Network) CAP/USDL 0.0000% / S 0.0000%1h0.04602−0.024%150xas long as short
Variational Omni CAP+0.0090%4h0.04612+0.199%$8K$8Kas long as short
Lighter CAP+0.0096%1h0.04601−0.052%$19K$2K3xas long as short
Aster CAPUSDT+0.0100%4h0.04599−0.085%$26K$66K5xas long as short
Binance CAPUSDT+0.0100%4h0.04598−0.109%$8.9M$8.8M10xas long as short
Bybit CAPUSDT+0.0100%4h0.04598−0.109%$4.4M$4.1M10xas long as short
Gate CAP_USDTshort+0.0100%4h0.04602−0.022%$327K$1.2M20x
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC CAP_USDT+0.0100%4h0.04601−0.043%$560K$236K20xas long as short
BingX CAP-USDTlong+0.0100%4h0.04603long leg$1.6M
Orderly PERP_CAP_USDC_mythos+0.0100%4h0.04600−0.065%$5K$58210xas long as short