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

CAP

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Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0469%/8h= −51.3% APRpaid last 24h −0.129%
Price spread now: OKX against Lighter−0.236%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 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
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and OKX is 0.236% cheaper against Lighter than usual: you would sell low and buy high (−$24 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 CAP0.046220.0096pay 0.0012% / 1h6m 25s$19K$2K3x
ShortOKX CAP-USDT-SWAP0.04611−0.0373pay 0.0186% / 4h2h 06m$2.1M$7.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$98.41
Price spread: −0.236% → 0.000%
−$23.58
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$132
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Lighter: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago1.08 bp17.8 bp −$18101.8 bp −$1,018doesn'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 13 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−0.0746%4h0.04603−0.409%$4.4M$1.4M10xas long as short
OKX CAP-USDT-SWAPshort−0.0373%4h0.04611−0.236%$2.1M$7.1M10x
Bitget CAPUSDT−0.0020%4h0.04610−0.257%$1.0M$591K10xas long as short
gTrade (Gains Network) CAP/USDL 0.0000% / S 0.0000%1h0.04608−0.294%150xas long as short
Lighter CAPlong+0.0096%1h0.04622long leg$19K$2K3x
Aster CAPUSDT+0.0100%4h0.04610−0.258%$26K$66K5xas long as short
Binance CAPUSDT+0.0100%4h0.04612−0.224%$9.0M$8.8M10xas long as short
Bybit CAPUSDT+0.0100%4h0.04610−0.257%$4.5M$4.1M10xas long as short
Gate CAP_USDT+0.0100%4h0.04613−0.193%$328K$1.2M20xas long as short
MEXC CAP_USDT+0.0100%4h0.04614−0.171%$561K$237K20xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CAP-USDT+0.0100%4h0.04609−0.279%$1.6Mas long as short
Variational Omni CAP+0.0100%4h0.04604−0.394%$8K$8Kas long as short
Orderly PERP_CAP_USDC_mythos+0.0100%4h0.04612−0.225%$5K$58210xas long as short