CAP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0250%/8h= +27.4% APRnext payment +$1.25 per $10,000 · paid last 24h +0.007%

Price spread now: Bybit against KuCoin+0.066%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$250as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1591.589% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.916%−$92 on $10k

Price spread, last 7 days+0.696%+$70 · spread now +0.066%, 7d avg +0.066%

Together, before fees−0.220%−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.066%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.916%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CAPUSDTM	0.04579	−0.0584	get 0.0292% / 4h	29m 34s	$4.4M	$1.4M	10x
Short	Bybit CAPUSDT	0.04582	−0.0334	pay 0.0167% / 4h	29m 34s	$4.5M	$4.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.066%Rate

Funding earned: $52.5
Price spread: +0.066% → +0.066%: $0
Slippage, 4 orders: −$135.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$106.42
Costs to cover: 1.589%
Break-even: 21.2 days

Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	2.19 bp	46.7 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.09 bp	29.4 bp −$29	327.0 bp −$3,270	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	−0.0584%	4h	0.04579	long leg	$4.4M	$1.4M	10x
OKX CAP-USDT-SWAP	−0.0367%	4h	0.04581	+0.044%	$2.2M	$7.4M	10x	as long as short
Bybit CAPUSDTshort	−0.0334%	4h	0.04582	+0.066%	$4.5M	$4.1M	10x
Variational Omni CAP	−0.0015%	4h	0.04582	+0.065%	$8K	$8K	—	as long as short
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04587	+0.180%	$497	—	150x	as long as short
Lighter CAP	+0.0096%	1h	0.04579	−0.002%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04584	+0.110%	$27K	$71K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04584	+0.109%	$9.0M	$9.0M	10x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04583	+0.087%	$334K	$1.1M	20x	as long as short
MEXC CAP_USDT	+0.0100%	4h	0.04582	+0.066%	$527K	$229K	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	0.04580	+0.022%	$1.0M	$560K	10x	as long as short
BingX CAP-USDT	+0.0100%	4h	0.04581	+0.044%	—	$1.6M	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04580	+0.028%	$5K	$582	10x	as long as short
BloFin CAP-USDT	+0.0123%	4h	0.04579	0.000%	$377K	$58K	10x	as long as short