Settings8H · net · $10k
Funding arb · Price arb /

CAP

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Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.039%
Price spread now: Lighter against Variational Omni−0.061%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.061% cheaper against Variational Omni than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni CAP0.046360.0100pay 0.0050% / 4h1h 22m$8K$8K
ShortLighter CAP0.046330.0096get 0.0012% / 1h22m 06s$19K$2K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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

Funding earned
−$0.84
Price spread: −0.061% → 0.000%
−$6.15
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Lighter: 0 bp × 2 orders
$0
Net
−$6.99
Costs to cover
0.000%
Break-even
never at this rate
Slippage unknown: Variational Omni: no order-book sample; Lighter: 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni no order-book sample
Sell Lighter no order-book sample
Variational Omni and Lighter: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin CAPUSDTM−0.0488%4h0.04632−0.077%$4.4M$1.4M10xas long as short
gTrade (Gains Network) CAP/USDL 0.0000% / S 0.0000%1h0.04631−0.098%150xas long as short
OKX CAP-USDT-SWAP+0.0028%4h0.04632−0.077%$2.1M$7.3M10xas long as short
Lighter CAPshort+0.0096%1h0.04633−0.061%$19K$2K3x
Aster CAPUSDT+0.0100%4h0.04634−0.041%$26K$66K5xas long as short
Binance CAPUSDT+0.0100%4h0.04630−0.129%$8.9M$9.0M10xas long as short
Bybit CAPUSDT+0.0100%4h0.04630−0.120%$4.5M$4.2M10xas long as short
Gate CAP_USDT+0.0100%4h0.04631−0.098%$324K$1.2M20xas long as short
MEXC CAP_USDT+0.0100%4h0.04635−0.012%$547K$233K20xas long as short
Bitget CAPUSDT+0.0100%4h0.04630−0.120%$1.0M$600K10xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CAP-USDT+0.0100%4h0.04627−0.184%$1.6Mas long as short
Variational Omni CAPlong+0.0100%4h0.04636long leg$8K$8K
Orderly PERP_CAP_USDC_mythos+0.0100%4h0.04634−0.027%$4K$1K10xas long as short
BloFin CAP-USDT+0.0104%4h0.04645+0.204%$384K$61K10xas long as short