Funding arb · Price arb /

CAP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.026%

Price spread now: gTrade (Gains Network) against Gate−0.026%7-day average — · you buy dearer than you sell

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

Long on Gate Short on gTrade (Gains Network)

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 against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.026% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CAP_USDT	0.04634	0.0100	pay 0.0050% / 4h	3h 33m	$321K	$1.2M	20x
Short	gTrade (Gains Network) CAP/USD	0.04633	L 0.0000% / S 0.0000%	pay 0.0000% / 1h	33m 24s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.026%Rate

Funding earned: −$21.1
Price spread: −0.026% → 0.000%: −$2.59
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$50.69
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. 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 Gate live order book, 4 min ago	4.31 bp	53.7 bp −$54	125.9 bp −$1,259	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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/USDshort	L 0.0000% / S 0.0000%	1h	0.04633	−0.026%	—	—	150x
BloFin CAP-USDT	+0.0066%	4h	0.04652	+0.388%	$368K	$60K	10x	as long as short
BingX CAP-USDT	+0.0070%	4h	0.04634	0.000%	—	$1.6M	—	as long as short
Lighter CAP	+0.0096%	1h	0.04632	−0.032%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04633	−0.031%	$26K	$58K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04636	+0.038%	$8.8M	$8.3M	10x	as long as short
Bybit CAPUSDT	+0.0100%	4h	0.04635	+0.022%	$4.5M	$3.9M	10x	as long as short
OKX CAP-USDT-SWAP	+0.0100%	4h	0.04635	+0.022%	$1.9M	$7.2M	10x	as long as short
Gate CAP_USDTlong	+0.0100%	4h	0.04634	long leg	$321K	$1.2M	20x
MEXC CAP_USDT	+0.0100%	4h	0.04636	+0.043%	$533K	$224K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CAPUSDTM	+0.0100%	4h	0.04639	+0.108%	$4.3M	$1.4M	10x	as long as short
Bitget CAPUSDT	+0.0100%	4h	0.04634	0.000%	$1.0M	$607K	10x	as long as short
Variational Omni CAP	+0.0100%	4h	0.04653	+0.414%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04633	−0.026%	$4K	$2K	10x	as long as short