Funding arb · Price arb /

CAP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.083%

Price spread now: KuCoin against Variational Omni+0.038%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

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: KuCoin is 0.038% dearer against Variational Omni than usual: you sell high and buy low, +$4 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	Variational Omni CAP	0.04647	0.0100	pay 0.0050% / 4h	2h 41m	$8K	$8K	—
Short	KuCoin CAPUSDTM	0.04649	0.0100	get 0.0050% / 4h	2h 41m	$4.3M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee KuCoinbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → 0.000%: $3.8
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$8.2
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; KuCoin: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 2 min ago	4.30 bp	45.8 bp −$46	461.0 bp −$4,610	doesn't fit	doesn't fit

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 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	0.04644	−0.071%	—	—	150x	as long as short
BloFin CAP-USDT	+0.0067%	4h	0.04651	+0.081%	$362K	$61K	10x	as long as short
BingX CAP-USDT	+0.0070%	4h	0.04645	−0.048%	—	$1.6M	—	as long as short
Lighter CAP	+0.0096%	1h	0.04648	+0.010%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04647	−0.014%	$25K	$58K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04645	−0.045%	$8.7M	$8.1M	10x	as long as short
Bybit CAPUSDT	+0.0100%	4h	0.04646	−0.027%	$4.5M	$3.8M	10x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04648	+0.016%	$321K	$1.1M	20x	as long as short
MEXC CAP_USDT	+0.0100%	4h	0.04646	−0.027%	$548K	$217K	20x	as long as short
KuCoin CAPUSDTMshort	+0.0100%	4h	0.04649	+0.038%	$4.3M	$1.3M	10x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAPUSDT	+0.0100%	4h	0.04646	−0.027%	$1.0M	$599K	10x	as long as short
Variational Omni CAPlong	+0.0100%	4h	0.04647	long leg	$8K	$8K	—
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04649	+0.034%	$4K	$2K	10x	as long as short
OKX CAP-USDT-SWAP	+0.0213%	4h	0.04648	+0.016%	$1.9M	$7.1M	10x	as long as short