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 −0.065%

Price spread now: Bybit against Gate−0.129%7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$1681.682% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.540%−$54 on $10k

Price spread, last 7 days+0.637%+$64 · spread now −0.129%, 7d avg +0.059%

Together, before fees+0.096%+$10 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: Bybit is 0.188% cheaper against Gate than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CAP_USDT	0.04650	0.0100	pay 0.0050% / 4h	6m 38s	$325K	$1.2M	20x
Short	Bybit CAPUSDT	0.04644	0.0100	get 0.0050% / 4h	6m 38s	$4.5M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.129%Rate

Funding earned: $0
Price spread: −0.129% → +0.059%: −$18.81
Slippage, 4 orders: −$142.24
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$187.05
Costs to cover: 1.682%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago	4.30 bp	51.6 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.22 bp	34.5 bp −$35	377.0 bp −$3,770	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	−0.0078%	4h	0.04645	−0.108%	$4.4M	$1.4M	10x	as long as short
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04649	−0.022%	—	—	150x	as long as short
BingX CAP-USDT	+0.0070%	4h	0.04643	−0.151%	—	$1.6M	—	as long as short
Lighter CAP	+0.0096%	1h	0.04647	−0.056%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04650	−0.003%	$26K	$68K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04647	−0.055%	$8.9M	$9.0M	10x	as long as short
Bybit CAPUSDTshort	+0.0100%	4h	0.04644	−0.129%	$4.5M	$4.2M	10x
OKX CAP-USDT-SWAP	+0.0100%	4h	0.04647	−0.065%	$2.0M	$7.3M	10x	as long as short
Gate CAP_USDTlong	+0.0100%	4h	0.04650	long leg	$325K	$1.2M	20x
MEXC CAP_USDT	+0.0100%	4h	0.04644	−0.129%	$535K	$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	0.04644	−0.129%	$1.0M	$606K	10x	as long as short
Variational Omni CAP	+0.0100%	4h	0.04637	−0.287%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04653	+0.069%	$4K	$1K	10x	as long as short
BloFin CAP-USDT	+0.0153%	4h	0.04651	+0.022%	$369K	$60K	10x	as long as short