Funding arb · Price arb /

CAP

all CAP markets

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: MEXC against Gate−0.043%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1111.107% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.043%, 7d avg +0.013%

Together, before fees−0.106%−$11 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: MEXC is 0.057% 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 +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CAP_USDT	0.04626	0.0100	pay 0.0050% / 4h	1h 19m	$325K	$1.2M	20x
Short	MEXC CAP_USDT	0.04624	0.0100	get 0.0050% / 4h	1h 19m	$546K	$233K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → +0.013%: −$5.66
Slippage, 4 orders: −$87.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$116.32
Costs to cover: 1.107%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; MEXC: live order book, 36 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	5.41 bp	48.4 bp −$48	129.6 bp −$1,296	doesn't fit	doesn't fit
Sell MEXC live order book, 36 min ago	1.08 bp	9.9 bp −$10	33.5 bp −$335	188.4 bp −$18.8K	529.8 bp −$264.9K

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	−0.0486%	4h	0.04623	−0.065%	$4.4M	$1.4M	10x	as long as short
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04620	−0.123%	—	—	150x	as long as short
OKX CAP-USDT-SWAP	+0.0069%	4h	0.04626	0.000%	$2.1M	$7.3M	10x	as long as short
BloFin CAP-USDT	+0.0087%	4h	0.04626	0.000%	$376K	$61K	10x	as long as short
Lighter CAP	+0.0096%	1h	0.04624	−0.052%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04622	−0.082%	$26K	$66K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04625	−0.019%	$8.9M	$9.0M	10x	as long as short
Bybit CAPUSDT	+0.0100%	4h	0.04623	−0.065%	$4.5M	$4.2M	10x	as long as short
Gate CAP_USDTlong	+0.0100%	4h	0.04626	long leg	$325K	$1.2M	20x
MEXC CAP_USDTshort	+0.0100%	4h	0.04624	−0.043%	$546K	$233K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAPUSDT	+0.0100%	4h	0.04622	−0.086%	$1.0M	$594K	10x	as long as short
BingX CAP-USDT	+0.0100%	4h	0.04622	−0.086%	—	$1.6M	—	as long as short
Variational Omni CAP	+0.0100%	4h	0.04636	+0.219%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04624	−0.037%	$4K	$1K	10x	as long as short