Funding arb · Price arb /

CAP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.094%

Price spread now: KuCoin against gTrade (Gains Network)+0.142%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on KuCoin

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.142% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) CAP/USD	0.04608	L 0.0000% / S 0.0000%	get 0.0000% / 1h	6m 16s	—	—	150x
Short	KuCoin CAPUSDTM	0.04615	0.0100	get 0.0050% / 4h	1h 06m	$4.2M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now +0.142%Rate

Funding earned: $21
Price spread: +0.142% → 0.000%: $14.21
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $11.21
Costs to cover: 0.240%
Break-even: 3.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 1 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 1 min ago	2.16 bp	42.3 bp −$42	456.3 bp −$4,563	doesn't fit	doesn't fit

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
gTrade (Gains Network) CAP/USDlong	L 0.0000% / S 0.0000%	1h	0.04608	long leg	—	—	150x
BingX CAP-USDT	+0.0070%	4h	0.04610	+0.034%	—	$1.6M	—	as long as short
Lighter CAP	+0.0096%	1h	0.04616	+0.162%	$19K	$1K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04617	+0.179%	$25K	$52K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04615	+0.135%	$8.7M	$8.2M	10x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04611	+0.055%	$318K	$1.2M	20x	as long as short
MEXC CAP_USDT	+0.0100%	4h	0.04613	+0.099%	$534K	$216K	20x	as long as short
KuCoin CAPUSDTMshort	+0.0100%	4h	0.04615	+0.142%	$4.2M	$1.4M	10x
Bitget CAPUSDT	+0.0100%	4h	0.04616	+0.164%	$1.0M	$611K	10x	as long as short
Variational Omni CAP	+0.0100%	4h	0.04601	−0.158%	$8K	$7K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04614	+0.127%	$4K	$2K	10x	as long as short
Bybit CAPUSDT	+0.0122%	4h	0.04615	+0.142%	$4.4M	$3.9M	10x	as long as short
BloFin CAP-USDT	+0.0134%	4h	0.04623	+0.316%	$364K	$64K	10x	as long as short
OKX CAP-USDT-SWAP	+0.0420%	4h	0.04619	+0.229%	$1.9M	$7.3M	10x	as long as short