Funding arb · Price arb /

CAP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.023%

Price spread now: MEXC against gTrade (Gains Network)−0.020%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on MEXC

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) CAP/USD	0.04587	L 0.0000% / S 0.0000%	pay 0.0000% / 1h	48m 55s	$497	—	150x
Short	MEXC CAP_USDT	0.04586	0.0100	get 0.0050% / 4h	2h 48m	$533K	$229K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.020%Rate

Funding earned: $20.9
Price spread: −0.020% → 0.000%: −$1.96
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$1.06
Costs to cover: 0.200%
Break-even: 7.4 days

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 11 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 MEXC live order book, 11 min ago	1.09 bp	9.7 bp −$10	37.1 bp −$371	234.5 bp −$23.5K	805.6 bp −$402.8K

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	−0.0878%	4h	0.04579	−0.172%	$4.4M	$1.4M	10x	as long as short
OKX CAP-USDT-SWAP	−0.0617%	4h	0.04584	−0.063%	$2.1M	$6.9M	10x	as long as short
Bitget CAPUSDT	−0.0132%	4h	0.04579	−0.172%	$1.0M	$586K	10x	as long as short
Variational Omni CAP	−0.0120%	4h	0.04592	+0.107%	$8K	$8K	—	as long as short
gTrade (Gains Network) CAP/USDlong	L 0.0000% / S 0.0000%	1h	0.04587	long leg	$497	—	150x
Bybit CAPUSDT	+0.0002%	4h	0.04583	−0.085%	$4.5M	$4.1M	10x	as long as short
BloFin CAP-USDT	+0.0065%	4h	0.04594	+0.155%	$381K	$59K	10x	as long as short
Lighter CAP	+0.0096%	1h	0.04583	−0.089%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04587	−0.007%	$26K	$66K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04585	−0.041%	$9.0M	$8.8M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CAP_USDT	+0.0100%	4h	0.04586	−0.020%	$328K	$1.1M	20x	as long as short
MEXC CAP_USDTshort	+0.0100%	4h	0.04586	−0.020%	$533K	$229K	20x
BingX CAP-USDT	+0.0100%	4h	0.04582	−0.107%	—	$1.6M	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04589	+0.057%	$5K	$582	10x	as long as short