Funding arb · Price arb /

CAP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0055%/8h= −6.1% APRpaid last 24h −0.018%

Price spread now: gTrade (Gains Network) against BloFin+0.041%7-day average — · you sell dearer than you buy

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

Long on BloFin 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 0.041% dearer against BloFin than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CAP-USDT	0.04631	0.0055	pay 0.0027% / 4h	26m 52s	$370K	$60K	10x
Short	gTrade (Gains Network) CAP/USD	0.04633	L 0.0000% / S 0.0000%	pay 0.0000% / 1h	26m 52s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.041%Rate

Funding earned: −$11.61
Price spread: +0.041% → 0.000%: $4.06
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$31.55
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 8 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 BloFin live order book, 8 min ago	1.08 bp	11.4 bp −$11	11.4 bp −$114	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
KuCoin CAPUSDTM	−0.0210%	4h	0.04632	+0.022%	$4.4M	$1.4M	10x	as long as short
gTrade (Gains Network) CAP/USDshort	L 0.0000% / S 0.0000%	1h	0.04633	+0.041%	—	—	150x
BloFin CAP-USDTlong	+0.0055%	4h	0.04631	long leg	$370K	$60K	10x
BingX CAP-USDT	+0.0070%	4h	0.04637	+0.130%	—	$1.6M	—	as long as short
Lighter CAP	+0.0096%	1h	0.04636	+0.101%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04637	+0.119%	$26K	$67K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04638	+0.150%	$8.8M	$9.0M	10x	as long as short
Bybit CAPUSDT	+0.0100%	4h	0.04636	+0.108%	$4.5M	$4.2M	10x	as long as short
OKX CAP-USDT-SWAP	+0.0100%	4h	0.04639	+0.173%	$2.0M	$7.3M	10x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04635	+0.086%	$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	0.04637	+0.130%	$530K	$232K	20x	as long as short
Bitget CAPUSDT	+0.0100%	4h	0.04634	+0.065%	$1.0M	$606K	10x	as long as short
Variational Omni CAP	+0.0100%	4h	0.04641	+0.220%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04638	+0.147%	$4K	$1K	10x	as long as short