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

CAP

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0144%/8h= −15.8% APRnext payment $0.72 per $10,000 · paid last 24h +0.045%
Price spread now: Bitget against Bybit−0.087%7-day average −0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1231.233% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.559%+$56 on $10k
Price spread, last 7 days−0.628%−$63 · spread now −0.087%, 7d avg −0.079%
Together, before fees−0.069%−$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.079%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.559%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit CAPUSDT0.046000.0100pay 0.0050% / 4h2h 12m$4.5M$4.1M10x
ShortBitget CAPUSDT0.04596−0.0044pay 0.0022% / 4h2h 12m$1.0M$588K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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
−$30.24
Price spread: −0.087% → −0.079%
−$0.78
Slippage, 4 orders
−$100.3
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$154.32
Costs to cover
1.233%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 4 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 Bybit live order book, 1 min ago5.43 bp38.9 bp −$39doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago5.42 bp16.7 bp −$1769.8 bp −$698doesn'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%4h0.04595−0.109%$4.4M$1.4M10xas long as short
OKX CAP-USDT-SWAP−0.0418%4h0.04602+0.043%$2.1M$7.1M10xas long as short
Bitget CAPUSDTshort−0.0044%4h0.04596−0.087%$1.0M$588K10x
gTrade (Gains Network) CAP/USDL 0.0000% / S 0.0000%1h0.04602+0.041%150xas long as short
Variational Omni CAP+0.0090%4h0.04612+0.264%$8K$8Kas long as short
Lighter CAP+0.0096%1h0.04602+0.050%$19K$2K3xas long as short
Aster CAPUSDT+0.0100%4h0.04599−0.022%$26K$66K5xas long as short
Binance CAPUSDT+0.0100%4h0.04604+0.078%$9.0M$8.8M10xas long as short
Bybit CAPUSDTlong+0.0100%4h0.04600long leg$4.5M$4.1M10x
Gate CAP_USDT+0.0100%4h0.04601+0.022%$327K$1.2M20xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC CAP_USDT+0.0100%4h0.04601+0.022%$560K$236K20xas long as short
BingX CAP-USDT+0.0100%4h0.04601+0.022%$1.6Mas long as short
Orderly PERP_CAP_USDC_mythos+0.0100%4h0.04602+0.050%$5K$58210xas long as short