CAP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0934%/8h= +102.3% APRnext payment +$4.67 per $10,000 · paid last 24h +0.112%

Price spread now: Gate against KuCoin+0.065%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$165as in the Price arb table

costs, in and out, $10k−$1731.729% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.214%−$21 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.065%, 7d avg −0.009%

Together, before fees−0.270%−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Gate is 0.075% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.009%. Mind the row above: over the last 7 days funding on this pair cost −0.214%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.214% in total (about -11.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.67 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CAPUSDTM	0.04608	−0.0834	get 0.0417% / 4h	2h 21m	$4.4M	$1.4M	10x
Short	Gate CAP_USDT	0.04611	0.0100	get 0.0050% / 4h	2h 21m	$328K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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 KuCoinbpFee GatebpOrdersPrice spread, now +0.065%Rate

Funding earned: $196.14
Price spread: +0.065% → −0.009%: $7.45
Slippage, 4 orders: −$145.93
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $30.67
Costs to cover: 1.729%
Break-even: 5.9 days

Slippage from KuCoin: live order book, 1 min ago; Gate: live order book, 1 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 KuCoin live order book, 1 min ago	3.26 bp	47.9 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	5.42 bp	42.1 bp −$42	91.5 bp −$915	doesn't fit	doesn't fit

CAP on 13 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
KuCoin CAPUSDTMlong	−0.0834%	4h	0.04608	long leg	$4.4M	$1.4M	10x
OKX CAP-USDT-SWAP	−0.0494%	4h	0.04614	+0.130%	$2.1M	$7.1M	10x	as long as short
Bitget CAPUSDT	−0.0072%	4h	0.04611	+0.065%	$1.0M	$588K	10x	as long as short
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04612	+0.080%	—	—	150x	as long as short
Variational Omni CAP	+0.0003%	4h	0.04610	+0.038%	$8K	$8K	—	as long as short
Bybit CAPUSDT	+0.0029%	4h	0.04611	+0.065%	$4.5M	$4.1M	10x	as long as short
Lighter CAP	+0.0096%	1h	0.04610	+0.043%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04611	+0.067%	$26K	$66K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04613	+0.108%	$9.0M	$8.8M	10x	as long as short
Gate CAP_USDTshort	+0.0100%	4h	0.04611	+0.065%	$328K	$1.2M	20x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC CAP_USDT	+0.0100%	4h	0.04612	+0.087%	$565K	$235K	20x	as long as short
BingX CAP-USDT	+0.0100%	4h	0.04614	+0.130%	—	$1.6M	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04614	+0.135%	$5K	$582	10x	as long as short