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

CAP

all CAP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0096%/8h= −10.6% APRnext payment $0.12 per $10,000 · paid last 24h −0.029%
Price spread now: gTrade (Gains Network) against Lighter−0.123%7-day average · you buy dearer than you sell
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 1 day (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
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.123% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter CAP0.046370.0096pay 0.0012% / 1h38m 51s$19K$2K3x
ShortgTrade (Gains Network) CAP/USD0.04631L 0.0000% / S 0.0000%pay 0.0000% / 1h38m 51s150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$20.26
Price spread: −0.123% → 0.000%
−$12.34
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee gTrade (Gains Network): 6 bp × 2 orders
−$12
Net
−$44.59
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Lighter: no order-book sample; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter no order-book sample
Sell gTrade (Gains Network) no order-book sample
Lighter and gTrade (Gains Network): 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
gTrade (Gains Network) CAP/USDshortL 0.0000% / S 0.0000%1h0.04631−0.123%150x
BloFin CAP-USDT+0.0041%4h0.04633−0.080%$361K$60K10xas long as short
BingX CAP-USDT+0.0070%4h0.04639+0.050%$1.6Mas long as short
Lighter CAPlong+0.0096%1h0.04637long leg$19K$2K3x
Aster CAPUSDT+0.0100%4h0.04635−0.027%$25K$58K5xas long as short
Binance CAPUSDT+0.0100%4h0.04637+0.006%$8.7M$8.1M10xas long as short
Bybit CAPUSDT+0.0100%4h0.04635−0.037%$4.4M$3.8M10xas long as short
Gate CAP_USDT+0.0100%4h0.04636−0.015%$321K$1.1M20xas long as short
MEXC CAP_USDT+0.0100%4h0.04635−0.037%$547K$217K20xas long as short
KuCoin CAPUSDTM+0.0100%4h0.04632−0.101%$4.3M$1.3M10xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CAPUSDT+0.0100%4h0.04634−0.058%$1.0M$600K10xas long as short
Variational Omni CAP+0.0100%4h0.04647+0.227%$8K$8Kas long as short
Orderly PERP_CAP_USDC_mythos+0.0100%4h0.04634−0.067%$4K$2K10xas long as short
OKX CAP-USDT-SWAP+0.0210%4h0.04639+0.050%$1.9M$7.1M10xas long as short