CAP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.074%

Price spread now: BingX against MEXC0.000%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$720.724% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.654%−$65 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now 0.000%, 7d avg −0.037%

Together, before fees−0.645%−$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.037% dearer against MEXC than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.037%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.1 days. At the pace of the last 7 days (−0.654% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CAP_USDT	0.04652	0.0100	pay 0.0050% / 4h	2h 41m	$549K	$217K	20x
Short	BingX CAP-USDT	0.04652	0.0070	get 0.0035% / 4h	2h 41m	—	$1.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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

Position, each leg$Hold fordaysFee MEXCbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$6.3
Price spread: 0.000% → −0.037%: $3.73
Slippage, 4 orders: −$54.35
Fee MEXC: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$74.93
Costs to cover: 0.724%
Break-even: never at this rate

Slippage from MEXC: live order book, 63 min ago; BingX: live order book, 10 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 MEXC live order book, 63 min ago	2.14 bp	11.7 bp −$12	47.1 bp −$471	274.3 bp −$27.4K	838.2 bp −$419.1K
Sell BingX live order book, 10 min ago	4.32 bp	25.1 bp −$25	81.9 bp −$819	834.1 bp −$83.4K	doesn't fit

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	0.04649	−0.064%	—	—	150x	as long as short
BingX CAP-USDTshort	+0.0070%	4h	0.04652	0.000%	—	$1.6M	—
Lighter CAP	+0.0096%	1h	0.04651	−0.015%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04650	−0.040%	$25K	$58K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04653	+0.022%	$8.8M	$8.1M	10x	as long as short
Bybit CAPUSDT	+0.0100%	4h	0.04651	−0.021%	$4.5M	$3.9M	10x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04653	+0.021%	$322K	$1.1M	20x	as long as short
MEXC CAP_USDTlong	+0.0100%	4h	0.04652	long leg	$549K	$217K	20x
KuCoin CAPUSDTM	+0.0100%	4h	0.04650	−0.043%	$4.3M	$1.3M	10x	as long as short
Bitget CAPUSDT	+0.0100%	4h	0.04652	0.000%	$1.0M	$600K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CAP	+0.0100%	4h	0.04641	−0.232%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04652	+0.002%	$4K	$2K	10x	as long as short
BloFin CAP-USDT	+0.0110%	4h	0.04658	+0.129%	$364K	$61K	10x	as long as short
OKX CAP-USDT-SWAP	+0.0214%	4h	0.04653	+0.021%	$1.9M	$7.1M	10x	as long as short