Funding arb · Price arb /

CAP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −11.0% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Orderly−0.010%57s7-day average — · you buy dearer than you sell

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

Long on Orderly Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 2 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_CAP_USDC_mythos	0.04592	0.0100	pay 0.0050% / 4h	3h 39m	$4K	$2K	10x
Short	gTrade (Gains Network) CAP/USD	0.04592	L 0.0000% / S 0.0000%	pay 0.0000% / 1h	39m 31s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Orderly. 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 OrderlybpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.010%Rate

Funding earned: −$21.1
Price spread: −0.010% → 0.000%: −$1
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$40.1
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) CAP/USDshort	L 0.0000% / S 0.0000%	1h	0.04592	−0.010%	—	—	150x
BingX CAP-USDT	+0.0070%	4h	0.04591	−0.030%	—	$1.6M	—	as long as short
Lighter CAP	+0.0096%	1h	0.04594	+0.030%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04595	+0.057%	$24K	$54K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04594	+0.038%	$8.6M	$8.2M	10x	as long as short
Bybit CAPUSDT	+0.0100%	4h	0.04589	−0.074%	$4.3M	$4.0M	10x	as long as short
OKX CAP-USDT-SWAP	+0.0100%	4h	0.04590	−0.052%	$2.0M	$7.3M	10x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04593	+0.013%	$308K	$1.2M	20x	as long as short
MEXC CAP_USDT	+0.0100%	4h	0.04594	+0.035%	$530K	$212K	20x	as long as short
KuCoin CAPUSDTM	+0.0100%	4h	0.04596	+0.078%	$4.2M	$1.4M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAPUSDT	+0.0100%	4h	0.04594	+0.035%	$1.0M	$636K	10x	as long as short
Variational Omni CAP	+0.0100%	4h	0.04590	−0.047%	$8K	$7K	—	as long as short
Orderly PERP_CAP_USDC_mythoslong	+0.0100%	4h	0.04592	long leg	$4K	$2K	10x
BloFin CAP-USDT	+0.0120%	4h	0.04595	+0.057%	$364K	$64K	10x	as long as short