CAP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0328%/8h= +35.9% APRnext payment +$1.64 per $10,000 · paid last 24h +0.095%

Price spread now: Bitget against KuCoin+0.065%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1641.635% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 7 days−0.030%−$3 · spread now +0.065%, 7d avg −0.019%

Together, before fees−0.222%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bitget is 0.084% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.019%. Mind the row above: over the last 7 days funding on this pair cost −0.193%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.193% in total (about -10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.64 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	KuCoin CAPUSDTM	0.04643	−0.0228	get 0.0114% / 4h	30m 32s	$4.4M	$1.4M	10x
Short	Bitget CAPUSDT	0.04646	0.0100	get 0.0050% / 4h	30m 32s	$1.0M	$598K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now +0.065%Rate

Funding earned: $68.88
Price spread: +0.065% → −0.019%: $8.37
Slippage, 4 orders: −$139.53
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$86.27
Costs to cover: 1.635%
Break-even: 15.8 days

Slippage from KuCoin: live order book, 2 min ago; Bitget: 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 KuCoin live order book, 2 min ago	4.32 bp	56.9 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.38 bp	32.2 bp −$32	81.9 bp −$819	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 CAPUSDTMlong	−0.0228%	4h	0.04643	long leg	$4.4M	$1.4M	10x
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04637	−0.119%	—	—	150x	as long as short
BingX CAP-USDT	+0.0070%	4h	0.04647	+0.086%	—	$1.6M	—	as long as short
Lighter CAP	+0.0096%	1h	0.04645	+0.043%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04643	+0.001%	$26K	$67K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04648	+0.108%	$8.9M	$9.0M	10x	as long as short
Bybit CAPUSDT	+0.0100%	4h	0.04646	+0.065%	$4.5M	$4.2M	10x	as long as short
OKX CAP-USDT-SWAP	+0.0100%	4h	0.04648	+0.108%	$2.0M	$7.3M	10x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04644	+0.022%	$325K	$1.2M	20x	as long as short
MEXC CAP_USDT	+0.0100%	4h	0.04646	+0.065%	$531K	$232K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAPUSDTshort	+0.0100%	4h	0.04646	+0.065%	$1.0M	$598K	10x
Variational Omni CAP	+0.0100%	4h	0.04641	−0.039%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04643	−0.009%	$4K	$1K	10x	as long as short
BloFin CAP-USDT	+0.0100%	4h	0.04646	+0.065%	$372K	$60K	10x	as long as short