CAP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h +0.008%

Price spread now: Binance against BloFin−0.184%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$810.808% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.184%, 7d avg +0.021%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Binance is 0.204% cheaper against BloFin than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CAP-USDT	0.04658	0.0110	pay 0.0055% / 4h	2h 42m	$364K	$61K	10x
Short	Binance CAPUSDT	0.04649	0.0100	get 0.0050% / 4h	2h 42m	$8.8M	$8.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now −0.184%Rate

Funding earned: −$2.13
Price spread: −0.184% → +0.021%: −$20.45
Slippage, 4 orders: −$58.76
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$103.34
Costs to cover: 0.808%
Break-even: never at this rate

Slippage from BloFin: live order book, 47 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 BloFin live order book, 47 min ago	2.15 bp	18.7 bp −$19	61.2 bp −$612	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.08 bp	23.0 bp −$23	101.5 bp −$1,015	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
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04651	−0.149%	—	—	150x	as long as short
BingX CAP-USDT	+0.0070%	4h	0.04648	−0.215%	—	$1.6M	—	as long as short
Lighter CAP	+0.0096%	1h	0.04648	−0.206%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04649	−0.194%	$25K	$58K	5x	as long as short
Binance CAPUSDTshort	+0.0100%	4h	0.04649	−0.184%	$8.8M	$8.1M	10x
Bybit CAPUSDT	+0.0100%	4h	0.04649	−0.193%	$4.5M	$3.8M	10x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04649	−0.193%	$322K	$1.1M	20x	as long as short
MEXC CAP_USDT	+0.0100%	4h	0.04649	−0.193%	$549K	$217K	20x	as long as short
KuCoin CAPUSDTM	+0.0100%	4h	0.04649	−0.193%	$4.3M	$1.3M	10x	as long as short
Bitget CAPUSDT	+0.0100%	4h	0.04646	−0.258%	$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	−0.361%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04650	−0.161%	$4K	$2K	10x	as long as short
BloFin CAP-USDTlong	+0.0110%	4h	0.04658	long leg	$364K	$61K	10x
OKX CAP-USDT-SWAP	+0.0209%	4h	0.04652	−0.129%	$1.9M	$7.1M	10x	as long as short