Funding arb · Price arb /

CAP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.013%

Price spread now: Binance against Gate−0.065%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1401.397% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 7 days+0.013%+$1 · spread now −0.065%, 7d avg −0.008%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.056% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CAP_USDT	0.04641	0.0100	pay 0.0050% / 4h	5m 24s	$324K	$1.2M	20x
Short	Binance CAPUSDT	0.04638	0.0100	get 0.0050% / 4h	5m 24s	$8.8M	$8.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → −0.008%: −$5.64
Slippage, 4 orders: −$114.69
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$145.33
Costs to cover: 1.397%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Binance: live order book, 4 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 Gate live order book, 2 min ago	4.30 bp	51.6 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.08 bp	24.3 bp −$24	113.9 bp −$1,139	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
KuCoin CAPUSDTM	−0.0072%	4h	0.04640	−0.022%	$4.4M	$1.4M	10x	as long as short
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04633	−0.179%	—	—	150x	as long as short
BingX CAP-USDT	+0.0070%	4h	0.04636	−0.108%	—	$1.6M	—	as long as short
Lighter CAP	+0.0096%	1h	0.04645	+0.095%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04644	+0.058%	$26K	$68K	5x	as long as short
Binance CAPUSDTshort	+0.0100%	4h	0.04638	−0.065%	$8.8M	$8.9M	10x
Bybit CAPUSDT	+0.0100%	4h	0.04633	−0.172%	$4.5M	$4.2M	10x	as long as short
OKX CAP-USDT-SWAP	+0.0100%	4h	0.04635	−0.129%	$2.0M	$7.3M	10x	as long as short
Gate CAP_USDTlong	+0.0100%	4h	0.04641	long leg	$324K	$1.2M	20x
MEXC CAP_USDT	+0.0100%	4h	0.04638	−0.065%	$534K	$235K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAPUSDT	+0.0100%	4h	0.04637	−0.086%	$1.0M	$606K	10x	as long as short
Variational Omni CAP	+0.0100%	4h	0.04644	+0.069%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04637	−0.090%	$4K	$1K	10x	as long as short
BloFin CAP-USDT	+0.0153%	4h	0.04651	+0.215%	$369K	$60K	10x	as long as short