CAP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0236%/8h= −25.8% APRnext payment −$1.18 per $10,000 · paid last 24h −0.047%

Price spread now: KuCoin against OKX+0.043%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1351.348% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.586%+$59 on $10k

Price spread, last 7 days+0.176%+$18 · spread now +0.043%, 7d avg +0.054%

Together, before fees+0.762%+$76 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.586%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CAP-USDT-SWAP	0.04625	0.0336	pay 0.0168% / 4h	41m 16s	$2.0M	$7.3M	10x
Short	KuCoin CAPUSDTM	0.04627	0.0100	get 0.0050% / 4h	41m 16s	$4.2M	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$49.5
Price spread: +0.043% → +0.054%: −$1.09
Slippage, 4 orders: −$112.82
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$185.41
Costs to cover: 1.348%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 6 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 OKX live order book, 2 min ago	1.08 bp	9.5 bp −$9	79.9 bp −$799	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.16 bp	59.2 bp −$59	485.6 bp −$4,856	doesn't fit	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	0.04624	−0.028%	—	—	150x	as long as short
BingX CAP-USDT	+0.0070%	4h	0.04624	−0.022%	—	$1.6M	—	as long as short
Lighter CAP	+0.0096%	1h	0.04625	−0.002%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04625	−0.007%	$25K	$52K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04626	+0.022%	$8.7M	$8.2M	10x	as long as short
Bybit CAPUSDT	+0.0100%	4h	0.04623	−0.043%	$4.4M	$4.0M	10x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04625	0.000%	$319K	$1.1M	20x	as long as short
MEXC CAP_USDT	+0.0100%	4h	0.04625	0.000%	$535K	$213K	20x	as long as short
KuCoin CAPUSDTMshort	+0.0100%	4h	0.04627	+0.043%	$4.2M	$1.4M	10x
Bitget CAPUSDT	+0.0100%	4h	0.04624	−0.022%	$1.0M	$612K	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	0.04618	−0.160%	$8K	$7K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04625	−0.011%	$4K	$2K	10x	as long as short
BloFin CAP-USDT	+0.0110%	4h	0.04629	+0.086%	$365K	$64K	10x	as long as short
OKX CAP-USDT-SWAPlong	+0.0336%	4h	0.04625	long leg	$2.0M	$7.3M	10x