ArbiLayer

CAP arbitrage

live

Live Cap price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.19%Variational → MEXC · Perp–Perp
Best perp–perp spread+0.35%Variational → MEXC
Markets tracked129 venues · 9 perp · 3 spot · 0 DEX
Price range0.73%$0.0711 – $0.0717

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Variational logoVariational$0.0712MEXC logoMEXC$0.0715 +0.35%+0.19% +0.39%— +0.215%— LS Chart →
Variational logoVariational$0.0712Bybit logoBybit$0.0714 +0.28%+0.12% +0.11%— -1.055%— LS Chart →
OKX logoOKX$0.0713MEXC logoMEXC$0.0715 +0.27%+0.11% +0.25%— -0.077%+0.73% LS Chart →
Gate logoGate$0.0713MEXC logoMEXC$0.0715 +0.24%+0.08% +0.30%— +0.376%+5.20% LS Chart →
Variational logoVariational$0.0712Binance logoBinance$0.0714 +0.21%+0.05% +0.25%— +0.215%— LS Chart →
Bitget logoBitget$0.0713MEXC logoMEXC$0.0715 +0.21%+0.05% +0.20%— -0.052%+0.21% LS Chart →
OKX logoOKX$0.0713Bybit logoBybit$0.0714 +0.20%+0.04% -0.03%— -1.347%-5.40% LS Chart →
Gate logoGate$0.0713Bybit logoBybit$0.0714 +0.17%+0.01% +0.02%— -0.894%-0.94% LS Chart →
Bitget logoBitget$0.0713Bybit logoBybit$0.0714 +0.14%-0.02% -0.08%— -1.322%-5.93% LS Chart →
Variational logoVariational$0.0712KuCoin logoKuCoin$0.0713 +0.13%-0.03% +0.17%— +0.271%— LS Chart →
Variational logoVariational$0.0712Aster logoAster$0.0713 +0.13%-0.03% +0.16%— +0.219%— LS Chart →
OKX logoOKX$0.0713Binance logoBinance$0.0714 +0.13%-0.03% +0.11%— -0.077%-4.53% LS Chart →
Binance logoBinance$0.0714MEXC logoMEXC$0.0715 +0.13%-0.03% +0.13%— -0.000%+5.26% LS Chart →
KuCoin logoKuCoin$0.0714MEXC logoMEXC$0.0715 +0.13%-0.03% +0.12%— -0.056%+0.16% LS Chart →
Variational logoVariational$0.0712Gate logoGate$0.0713 +0.10%-0.06% +0.07%— -0.161%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

CAP price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
OKX logoOKXPerpetual · CAP-USDT-SWAPPerpetual $0.0712$0.0713$0.0713-0.15% -0.264%$139.58M
Bybit logoBybitPerpetual · CAPUSDTPerpetual $0.0714$0.0715$0.0714+0.11% -1.610%$47.84M
Bybit logoBybitSpot · CAPUSDTSpot $0.0714$0.0715$0.0715+0.14% —$23.70M
Bitget logoBitgetPerpetual · CAPUSDTPerpetual $0.0712$0.0713$0.0713-0.13% -0.289%$18.73M
KuCoin logoKuCoinPerpetual · CAPUSDTMPerpetual $0.0713$0.0714$0.0713-0.04% -0.284%$8.34M
KuCoin logoKuCoinSpot · CAP-USDTSpot $0.0714$0.0715$0.0714+0.11% —$5.72M
MEXC logoMEXCPerpetual · CAP_USDTPerpetual $0.0715$0.0715$0.0715+0.16% -0.340%$3.02M
Gate logoGatePerpetual · CAP_USDTPerpetual $0.0713$0.0713$0.0713-0.11% -0.716%$1.08M
Variational logoVariationalPerpetual · CAPPerpetual $0.0711$0.0712$0.0711-0.31% -0.555%$199.2K
Binance logoBinancePerpetual · CAPUSDTPerpetual $0.0714$0.0714$0.0714+0.01% -0.340%—
Aster logoAsterPerpetual · CAPUSDTPerpetual $0.0713$0.0714$0.0714-0.01% -0.337%—
MEXC logoMEXCSpot · CAPUSDTSpot $0.0713$0.0721$0.0717+0.42% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

CAP arbitrage explained

Right now Cap (CAP) trades on 9 venues we scan: 9 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $0.0712 and the highest bid on MEXC perp at $0.0715.

The widest CAP perpetual spread is between Variational and MEXC: long CAP on Variational at $0.0712 and short on MEXC at $0.0715 for +0.35% gross, or +0.19% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.215% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best CAP route is to buy spot on Bybit and short the perpetual on MEXC: -0.07% gross, -0.27% net, with -0.340% a day of funding on the short leg.

Spot–spot CAP arbitrage (buy on KuCoin, withdraw, deposit and sell on Bybit) shows -0.15% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small CAP gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: CAP funding rates · CAP spread charts · Cap price · arbitrage scanner for all coins.

Is there a CAP arbitrage opportunity right now?

The best CAP route right now is to buy on Variational → sell on MEXC (Perp–Perp): +0.35% gross and +0.19% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest CAP?

Variational (perp) has the lowest CAP ask at $0.0712, and MEXC (perp) the highest bid at $0.0715. Prices update every 15 seconds on this page.

How many exchanges list CAP?

ArbiLayer tracks 12 CAP markets on 9 venues: 9 perpetual, 3 spot and 0 DEX pools.

How do I arbitrage CAP without transferring coins?

Use two perpetual contracts: go long CAP on the cheaper exchange (Variational now) and short it on the more expensive one (MEXC), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

BLAST +20.95%CRO +15.41%ESPORTS +7.80%ONE +6.33%OPENAI +5.98%UPC +5.30%2U2 +3.92%CATE +3.49%ANTHROPIC +3.40%OURA +3.17%EGLD +3.11%ZIL +3.03%SPCX +2.82%STAMP +2.75%AI +2.13%PENGSTOCK +2.12%MUSEBOOK +2.05%APPSTOCK +1.67%