CAP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.20 per $10,000 · paid last 24h +0.005%

Price spread now: BloFin against Gate−0.242%78s7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1261.265% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 3 days (all we have)+0.394%+$39 · spread now −0.242%, 7d avg +0.003%

Together, before fees+0.246%+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.245% cheaper against Gate than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.003%). Swap the legs. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CAP_USDT	0.04538	0.0100	pay 0.0050% / 4h	3h 43m	$331K	$1.1M	20x
Short	BloFin CAP-USDT	0.04527	0.0060	get 0.0030% / 4h	3h 43m	$374K	$58K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.242%Rate

Funding earned: −$8.46
Price spread: −0.242% → +0.003%: −$24.54
Slippage, 4 orders: −$99.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$159.49
Costs to cover: 1.265%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; BloFin: live order book, 26 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, 3 min ago	4.41 bp	43.1 bp −$43	123.2 bp −$1,232	doesn't fit	doesn't fit
Sell BloFin live order book, 26 min ago	1.09 bp	25.5 bp −$26	60.1 bp −$601	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	−0.0852%	4h	0.04533	−0.110%	$4.3M	$1.4M	10x	as long as short
Bybit CAPUSDT	−0.0827%	4h	0.04544	+0.132%	$4.4M	$4.1M	10x	as long as short
OKX CAP-USDT-SWAP	−0.0608%	4h	0.04539	+0.022%	$2.2M	$7.0M	10x	as long as short
Variational Omni CAP	−0.0208%	4h	0.04531	−0.159%	$8K	$8K	—	as long as short
Bitget CAPUSDT	−0.0082%	4h	0.04539	+0.022%	$1.0M	$559K	10x	as long as short
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04540	+0.041%	$492	—	150x	as long as short
BloFin CAP-USDTshort	+0.0060%	4h	0.04527	−0.242%	$374K	$58K	10x
MEXC CAP_USDT	+0.0088%	4h	0.04540	+0.044%	$521K	$228K	20x	as long as short
Binance CAPUSDT	+0.0089%	4h	0.04540	+0.041%	$8.9M	$8.8M	10x	as long as short
Lighter CAP	+0.0096%	1h	0.04533	−0.106%	$19K	$2K	3x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CAP-USDT	+0.0096%	4h	0.04540	+0.044%	—	$1.6M	—	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04537	−0.022%	$27K	$71K	5x	as long as short
Gate CAP_USDTlong	+0.0100%	4h	0.04538	long leg	$331K	$1.1M	20x
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04532	−0.128%	$5K	$582	10x	as long as short