Settings8H · net · $10k
Funding arb · Price arb /

CAP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.037%
Price spread now: Bitget against Lighter+0.004%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter CAP0.046340.0096pay 0.0012% / 1h21m 11s$19K$2K3x
ShortBitget CAPUSDT0.046340.0100get 0.0050% / 4h1h 21m$1.0M$599K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Lighter. 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

Funding earned
$0.84
Price spread: +0.004% → 0.000%
$0.43
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$10.73
Costs to cover
0.120%
Break-even
96.4 days
Slippage unknown: Lighter: no order-book sample; Bitget: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample
Sell Bitget live order book, 5 min ago7.56 bp29.7 bp −$30119.3 bp −$1,193doesn't fitdoesn't fit
Lighter: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin CAPUSDTM−0.0496%4h0.04631−0.060%$4.4M$1.4M10xas long as short
gTrade (Gains Network) CAP/USDL 0.0000% / S 0.0000%1h0.04633−0.012%150xas long as short
OKX CAP-USDT-SWAP+0.0043%4h0.04639+0.112%$2.1M$7.3M10xas long as short
Lighter CAPlong+0.0096%1h0.04634long leg$19K$2K3x
Aster CAPUSDT+0.0100%4h0.04630−0.083%$26K$66K5xas long as short
Binance CAPUSDT+0.0100%4h0.04633−0.015%$8.9M$9.0M10xas long as short
Bybit CAPUSDT+0.0100%4h0.04637+0.069%$4.5M$4.2M10xas long as short
Gate CAP_USDT+0.0100%4h0.04631−0.060%$324K$1.2M20xas long as short
MEXC CAP_USDT+0.0100%4h0.04635+0.026%$547K$233K20xas long as short
Bitget CAPUSDTshort+0.0100%4h0.04634+0.004%$1.0M$599K10x
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CAP-USDT+0.0100%4h0.04639+0.112%$1.6Mas long as short
Variational Omni CAP+0.0100%4h0.04636+0.038%$8K$8Kas long as short
Orderly PERP_CAP_USDC_mythos+0.0100%4h0.04631−0.052%$4K$1K10xas long as short
BloFin CAP-USDT+0.0115%4h0.04630−0.082%$376K$61K10xas long as short