Funding arb · Price arb /

CAP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.083%

Price spread now: Variational Omni against KuCoin+0.177%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.177% dearer against KuCoin than usual: you sell high and buy low, +$18 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CAPUSDTM	0.04639	0.0100	pay 0.0050% / 4h	2h 39m	$4.3M	$1.3M	10x
Short	Variational Omni CAP	0.04647	0.0100	get 0.0050% / 4h	2h 39m	$8K	$8K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.177%Rate

Funding earned: $0
Price spread: +0.177% → 0.000%: $17.75
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $5.75
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 3 min ago; Variational Omni: no order-book sample. Net counts fees only.

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	4.30 bp	51.5 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04638	−0.028%	—	—	150x	as long as short
BloFin CAP-USDT	+0.0067%	4h	0.04651	+0.259%	$362K	$61K	10x	as long as short
BingX CAP-USDT	+0.0070%	4h	0.04638	−0.022%	—	$1.6M	—	as long as short
Lighter CAP	+0.0096%	1h	0.04640	+0.022%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04635	−0.086%	$25K	$58K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04634	−0.105%	$8.7M	$8.1M	10x	as long as short
Bybit CAPUSDT	+0.0100%	4h	0.04631	−0.172%	$4.4M	$3.9M	10x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04640	+0.022%	$321K	$1.1M	20x	as long as short
MEXC CAP_USDT	+0.0100%	4h	0.04639	0.000%	$548K	$217K	20x	as long as short
KuCoin CAPUSDTMlong	+0.0100%	4h	0.04639	long leg	$4.3M	$1.3M	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAPUSDT	+0.0100%	4h	0.04632	−0.151%	$1.0M	$600K	10x	as long as short
Variational Omni CAPshort	+0.0100%	4h	0.04647	+0.177%	$8K	$8K	—
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04642	+0.067%	$4K	$2K	10x	as long as short
OKX CAP-USDT-SWAP	+0.0210%	4h	0.04637	−0.043%	$1.9M	$7.1M	10x	as long as short