Funding arb · Price arb /

CAP

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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 +0.031%

Price spread now: Binance against Bitget+0.048%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$940.943% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 7 days−0.152%−$15 · spread now +0.048%, 7d avg −0.001%

Together, before fees−0.272%−$27 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: Binance is 0.049% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CAPUSDT	0.04608	0.0100	pay 0.0050% / 4h	57m 35s	$1.0M	$593K	10x
Short	Binance CAPUSDT	0.04610	0.0100	get 0.0050% / 4h	57m 35s	$8.8M	$9.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → −0.001%: $4.93
Slippage, 4 orders: −$72.29
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$89.37
Costs to cover: 0.943%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 12 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 Bitget live order book, 3 min ago	4.35 bp	22.9 bp −$23	74.0 bp −$740	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.08 bp	25.1 bp −$25	112.1 bp −$1,121	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	−0.0374%	4h	0.04607	−0.022%	$4.4M	$1.4M	10x	as long as short
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04617	+0.197%	—	—	150x	as long as short
BingX CAP-USDT	+0.0070%	4h	0.04609	+0.022%	—	$1.6M	—	as long as short
BloFin CAP-USDT	+0.0071%	4h	0.04602	−0.130%	$370K	$60K	10x	as long as short
Lighter CAP	+0.0096%	1h	0.04609	+0.013%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04611	+0.061%	$26K	$67K	5x	as long as short
Binance CAPUSDTshort	+0.0100%	4h	0.04610	+0.048%	$8.8M	$9.0M	10x
Bybit CAPUSDT	+0.0100%	4h	0.04612	+0.087%	$4.4M	$4.2M	10x	as long as short
OKX CAP-USDT-SWAP	+0.0100%	4h	0.04613	+0.109%	$2.1M	$7.3M	10x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04611	+0.065%	$324K	$1.2M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CAP_USDT	+0.0100%	4h	0.04609	+0.022%	$546K	$225K	20x	as long as short
Bitget CAPUSDTlong	+0.0100%	4h	0.04608	long leg	$1.0M	$593K	10x
Variational Omni CAP	+0.0100%	4h	0.04605	−0.064%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04615	+0.145%	$4K	$1K	10x	as long as short