Funding arb · Price arb /

CAP

all CAP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Variational Omni against OKX+0.188%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.188% dearer against OKX than usual: you sell high and buy low, +$19 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CAP-USDT-SWAP	0.04562	0.0100	pay 0.0050% / 4h	2h 21m	$2.1M	$7.1M	10x
Short	Variational Omni CAP	0.04571	0.0100	get 0.0050% / 4h	2h 21m	$8K	$6K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.188%Rate

Funding earned: $0
Price spread: +0.188% → 0.000%: $18.77
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $8.77
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 4 min ago; Variational Omni: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 4 min ago	1.10 bp	18.7 bp −$19	101.0 bp −$1,010	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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 exchanges

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	0.04570	+0.168%	—	—	150x	as long as short
BingX CAP-USDT	+0.0070%	4h	0.04568	+0.132%	—	$1.6M	—	as long as short
BloFin CAP-USDT	+0.0070%	4h	0.04575	+0.285%	$367K	$62K	10x	as long as short
Lighter CAP	+0.0096%	1h	0.04569	+0.142%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04571	+0.187%	$24K	$54K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04571	+0.192%	$8.6M	$7.9M	10x	as long as short
Bybit CAPUSDT	+0.0100%	4h	0.04566	+0.088%	$4.3M	$3.7M	10x	as long as short
OKX CAP-USDT-SWAPlong	+0.0100%	4h	0.04562	long leg	$2.1M	$7.1M	10x
Gate CAP_USDT	+0.0100%	4h	0.04569	+0.153%	$301K	$1.2M	20x	as long as short
MEXC CAP_USDT	+0.0100%	4h	0.04570	+0.175%	$529K	$214K	20x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CAPUSDTM	+0.0100%	4h	0.04568	+0.132%	$4.1M	$1.4M	10x	as long as short
Bitget CAPUSDT	+0.0100%	4h	0.04569	+0.153%	$1.0M	$638K	10x	as long as short
Variational Omni CAPshort	+0.0100%	4h	0.04571	+0.188%	$8K	$6K	—
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04569	+0.158%	$4K	$2K	10x	as long as short