ArbiLayer

CAP arbitrage

live

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

Best net spread-0.06%KuCoin → Bybit · Perp–Perp
Best perp–perp spread+0.10%KuCoin → Bybit
Markets tracked129 venues · 9 perp · 3 spot · 0 DEX
Price range0.12%$0.0731 – $0.0732

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
KuCoin logoKuCoin$0.0732Bybit logoBybit$0.0732 +0.10%-0.06% +0.10%— +0.035%-5.99% LS Chart →
KuCoin logoKuCoin$0.0732Binance logoBinance$0.0732 +0.05%-0.11% +0.05%— -0.021%-5.12% LS Chart →
KuCoin logoKuCoin$0.0732MEXC logoMEXC$0.0732 +0.05%-0.11% +0.05%— -0.024%+0.15% LS Chart →
Gate logoGate$0.0732Bybit logoBybit$0.0732 +0.04%-0.12% +0.05%— +0.050%-0.94% LS Chart →
OKX logoOKX$0.0732Bybit logoBybit$0.0732 +0.04%-0.12% +0.06%— +0.096%-5.40% LS Chart →
MEXC logoMEXC$0.0732Bybit logoBybit$0.0732 +0.03%-0.13% +0.04%— +0.059%-6.14% LS Chart →
Aster logoAster$0.0732Bybit logoBybit$0.0732 +0.03%-0.13% +0.04%— +0.055%-0.62% LS Chart →
KuCoin logoKuCoin$0.0732OKX logoOKX$0.0732 +0.01%-0.15% +0.00%— -0.061%-0.59% LS Chart →
Binance logoBinance$0.0732Bybit logoBybit$0.0732 +0.01%-0.15% +0.02%— +0.056%-0.87% LS Chart →
Bitget logoBitget$0.0732Bybit logoBybit$0.0732 +0.01%-0.15% +0.01%— -0.017%-5.93% LS Chart →
Gate logoGate$0.0732Binance logoBinance$0.0732 0.00%-0.16% -0.00%— -0.005%-0.06% LS Chart →
Gate logoGate$0.0732MEXC logoMEXC$0.0732 0.00%-0.16% -0.00%— -0.008%+5.20% LS Chart →
OKX logoOKX$0.0732Binance logoBinance$0.0732 0.00%-0.16% +0.01%— +0.041%-4.53% LS Chart →
OKX logoOKX$0.0732MEXC logoMEXC$0.0732 0.00%-0.16% +0.01%— +0.037%+0.73% LS Chart →
MEXC logoMEXC$0.0732Binance logoBinance$0.0732 -0.01%-0.17% -0.01%— +0.003%-5.26% 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 $0.0732$0.0732$0.0732-0.03% -0.320%$106.53M
Bybit logoBybitPerpetual · CAPUSDTPerpetual $0.0732$0.0732$0.0732+0.04% -0.224%$34.21M
Bybit logoBybitSpot · CAPUSDTSpot $0.0732$0.0732$0.07320.00% —$16.80M
Bitget logoBitgetPerpetual · CAPUSDTPerpetual $0.0732$0.0732$0.0732-0.03% -0.206%$13.00M
KuCoin logoKuCoinPerpetual · CAPUSDTMPerpetual $0.0731$0.0732$0.0731-0.08% -0.259%$5.58M
KuCoin logoKuCoinSpot · CAP-USDTSpot $0.0732$0.0733$0.0732+0.04% —$3.19M
MEXC logoMEXCPerpetual · CAP_USDTPerpetual $0.0732$0.0732$0.07320.00% -0.283%$2.44M
Gate logoGatePerpetual · CAP_USDTPerpetual $0.0732$0.0732$0.0732-0.03% -0.274%$865.8K
Variational logoVariationalPerpetual · CAPPerpetual $0.0731$0.0733$0.07320.00% -0.223%$132.9K
Binance logoBinancePerpetual · CAPUSDTPerpetual $0.0732$0.0732$0.0732+0.01% -0.279%—
Aster logoAsterPerpetual · CAPUSDTPerpetual $0.0731$0.0732$0.0732-0.06% -0.279%—
MEXC logoMEXCSpot · CAPUSDTSpot $0.0732$0.0733$0.0732+0.04% ——
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 KuCoin perp at $0.0732 and the highest bid on Bybit perp at $0.0732.

The widest CAP perpetual spread is between KuCoin and Bybit: long CAP on KuCoin at $0.0732 and short on Bybit at $0.0732 for +0.10% gross, or -0.06% 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 +0.035% 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 Bybit: +0.01% gross, -0.19% net, with -0.224% a day of funding on the short leg.

Spot–spot CAP arbitrage (buy on Bybit, withdraw, deposit and sell on KuCoin) shows -0.03% 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 KuCoin → sell on Bybit (Perp–Perp): +0.10% gross and -0.06% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest CAP?

KuCoin (perp) has the lowest CAP ask at $0.0732, and Bybit (perp) the highest bid at $0.0732. 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 (KuCoin now) and short it on the more expensive one (Bybit), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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