ArbiLayer

CAP arbitrage

live

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

Best net spread-0.04%OKX → Bybit · Perp–Perp
Best perp–perp spread+0.12%OKX → Bybit
Markets tracked129 venues · 9 perp · 3 spot · 0 DEX
Price range0.17%$0.0721 – $0.0722

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybitspot$0.0722KuCoin logoKuCoinspot$0.0721 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.0722Bybit logoBybitspot$0.0721 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0722Bybit logoBybitspot$0.0721 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
Bybit logoBybitspot$0.0722MEXC logoMEXCspot$0.0721 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.0722KuCoin logoKuCoinspot$0.0721 -0.10%-0.30% -0.10%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.0722MEXC logoMEXCspot$0.0721 -0.11%-0.31% -0.11%— 0.000%— 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 $0.0721$0.0721$0.0721-0.10% -0.011%$72.55M
Bybit logoBybitPerpetual · CAPUSDTPerpetual $0.0722$0.0722$0.0722+0.04% +0.030%$26.29M
Bybit logoBybitSpot · CAPUSDTSpot $0.0721$0.0722$0.0722-0.01% —$15.90M
Bitget logoBitgetPerpetual · CAPUSDTPerpetual $0.0722$0.0722$0.0722+0.02% +0.030%$9.67M
KuCoin logoKuCoinPerpetual · CAPUSDTMPerpetual $0.0722$0.0723$0.0722+0.07% +0.030%$4.08M
KuCoin logoKuCoinSpot · CAP-USDTSpot $0.0721$0.0722$0.0722-0.01% —$2.88M
MEXC logoMEXCPerpetual · CAP_USDTPerpetual $0.0722$0.0722$0.0722+0.03% +0.030%$1.29M
Gate logoGatePerpetual · CAP_USDTPerpetual $0.0722$0.0722$0.07220.00% +0.030%$633.4K
Variational logoVariationalPerpetual · CAPPerpetual $0.0721$0.0722$0.0722+0.03% +0.030%$97.9K
Binance logoBinancePerpetual · CAPUSDTPerpetual $0.0722$0.0722$0.07220.00% +0.030%—
Aster logoAsterPerpetual · CAPUSDTPerpetual $0.0721$0.0722$0.0721-0.02% +0.030%—
MEXC logoMEXCSpot · CAPUSDTSpot $0.0721$0.0722$0.0722-0.01% ——
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 OKX perp at $0.0721 and the highest bid on Bybit perp at $0.0722.

The widest CAP perpetual spread is between OKX and Bybit: long CAP on OKX at $0.0721 and short on Bybit at $0.0722 for +0.12% gross, or -0.04% 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 +0.041% 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: +0.03% gross, -0.17% net, with +0.030% a day of funding on the short leg.

Spot–spot CAP arbitrage (buy on Bybit, withdraw, deposit and sell on KuCoin) shows -0.06% 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 OKX → sell on Bybit (Perp–Perp): +0.12% gross and -0.04% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest CAP?

OKX (perp) has the lowest CAP ask at $0.0721, and Bybit (perp) the highest bid at $0.0722. 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 (OKX 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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