Funding you earn now, next payment 04:00 UTC+0.0866%/8h= +94.8% APRnext payment +$4.33 per $10,000 · paid last 24h +0.112%
Price spread now: Gate against KuCoin+0.065%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1751.747% of the position
Funding, last 7 days−0.214%−$21 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.065%, 7d avg −0.009%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Gate is 0.074% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.009%. Mind the row above: over the last 7 days funding on this pair cost −0.214%, 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 -0.214% in total (about -11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.33 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 | 0.04615 | −0.0766 | get 0.0383% / 4h | 2h 08m | $4.4M | $1.4M | 10x |
| Short | Gate CAP_USDT | 0.04618 | 0.0100 | get 0.0050% / 4h | 2h 08m | $328K | $1.2M | 20x |
KuCoin CAPUSDTM
Gate CAP_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $181.86
- Price spread: +0.065% → −0.009%
- $7.44
- Slippage, 4 orders
- −$147.72
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $14.59
- Costs to cover
- 1.747%
- Break-even
- 6.4 days
Slippage from KuCoin: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago | 1.09 bp | 43.2 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 2.17 bp | 40.3 bp −$40 | 95.2 bp −$952 | doesn't fit | doesn't fit |
CAP on 13 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 | −0.0766% | 4h | 0.04615 | long leg | $4.4M | $1.4M | 10x | |
| OKX CAP-USDT-SWAP | −0.0386% | 4h | 0.04623 | +0.173% | $2.1M | $7.1M | 10x | as long as short |
| Bitget CAPUSDT | −0.0028% | 4h | 0.04619 | +0.087% | $1.0M | $588K | 10x | as long as short |
| gTrade (Gains Network) CAP/USD | L 0.0000% / S 0.0000% | 1h | 0.04621 | +0.128% | — | — | 150x | as long as short |
| Lighter CAP | +0.0096% | 1h | 0.04616 | +0.013% | $19K | $2K | 3x | as long as short |
| Aster CAPUSDT | +0.0100% | 4h | 0.04619 | +0.080% | $26K | $66K | 5x | as long as short |
| Binance CAPUSDT | +0.0100% | 4h | 0.04622 | +0.149% | $9.0M | $8.8M | 10x | as long as short |
| Bybit CAPUSDT | +0.0100% | 4h | 0.04619 | +0.087% | $4.5M | $4.1M | 10x | as long as short |
| Gate CAP_USDTshort | +0.0100% | 4h | 0.04618 | +0.065% | $328K | $1.2M | 20x | |
| MEXC CAP_USDT | +0.0100% | 4h | 0.04619 | +0.087% | $561K | $237K | 20x | as long as short |
OKX CAP-USDT-SWAP
Bitget CAPUSDT
gTrade (Gains Network) CAP/USD
Lighter CAP
Aster CAPUSDT
Binance CAPUSDT
Bybit CAPUSDT
MEXC CAP_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CAP-USDT | +0.0100% | 4h | 0.04618 | +0.065% | — | $1.6M | — | as long as short |
| Variational Omni CAP | +0.0100% | 4h | 0.04604 | −0.245% | $8K | $8K | — | as long as short |
| Orderly PERP_CAP_USDC_mythos | +0.0100% | 4h | 0.04620 | +0.115% | $5K | $582 | 10x | as long as short |
BingX CAP-USDT
Variational Omni CAP
Orderly PERP_CAP_USDC_mythos