CAP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0578%/8h= −63.3% APRnext payment −$2.89 per $10,000 · paid last 24h −0.113%

Price spread now: KuCoin against Gate−0.043%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$1861.858% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.213%+$21 on $10k

Price spread, last 7 days+0.188%+$19 · spread now −0.043%, 7d avg +0.016%

Together, before fees+0.401%+$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and KuCoin is 0.059% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.213%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.213% in total (about 11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.89 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CAP_USDT	0.04629	0.0100	pay 0.0050% / 4h	1h 17m	$326K	$1.2M	20x
Short	KuCoin CAPUSDTM	0.04627	−0.0478	pay 0.0239% / 4h	1h 17m	$4.4M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$121.38
Price spread: −0.043% → +0.016%: −$5.87
Slippage, 4 orders: −$158.83
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$313.08
Costs to cover: 1.858%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; KuCoin: 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, 5 min ago	5.41 bp	48.4 bp −$48	129.6 bp −$1,296	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	2.16 bp	51.5 bp −$52	480.9 bp −$4,809	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 CAPUSDTMshort	−0.0478%	4h	0.04627	−0.043%	$4.4M	$1.4M	10x
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04628	−0.030%	—	—	150x	as long as short
OKX CAP-USDT-SWAP	+0.0086%	4h	0.04632	+0.065%	$2.1M	$7.3M	10x	as long as short
Lighter CAP	+0.0096%	1h	0.04629	+0.009%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04629	−0.002%	$26K	$66K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04632	+0.064%	$8.9M	$9.0M	10x	as long as short
Bybit CAPUSDT	+0.0100%	4h	0.04631	+0.043%	$4.5M	$4.2M	10x	as long as short
Gate CAP_USDTlong	+0.0100%	4h	0.04629	long leg	$326K	$1.2M	20x
MEXC CAP_USDT	+0.0100%	4h	0.04631	+0.043%	$547K	$233K	20x	as long as short
Bitget CAPUSDT	+0.0100%	4h	0.04628	−0.022%	$1.0M	$594K	10x	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	+0.0100%	4h	0.04629	0.000%	—	$1.6M	—	as long as short
Variational Omni CAP	+0.0100%	4h	0.04636	+0.154%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04629	+0.009%	$4K	$1K	10x	as long as short
BloFin CAP-USDT	+0.0158%	4h	0.04630	+0.022%	$375K	$61K	10x	as long as short