Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%
Price spread now: Derive against Backpack−0.072%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.072% cheaper against Backpack than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack CC_USDC_PERP | 0.1158 | 0.0100 | pay 0.0013% / 1h | 19m 04s | $16K | $22K | 10x |
| Short | Derive CC-PERP | 0.1157 | 0.0100 | get 0.0013% / 1h | 19m 04s | $7K | $35K | 6.7x |
Backpack CC_USDC_PERP
Derive CC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.072% → 0.000%
- −$7.17
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$23.17
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; Derive: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack no order-book sample | — | — | — | — | — |
| Sell Derive no order-book sample | — | — | — | — | — |
Backpack and Derive: 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.
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.3670% | 1h | 0.1152 | −0.501% | $6K | $99 | 5.5x | as long as short |
| Gate CC_USDT | +0.0072% | 4h | 0.1158 | +0.035% | $360K | $207K | 50x | as long as short |
| Paradex CC-USD-PERP | +0.0097% | 8h | 0.1158 | +0.040% | $1K | — | 5x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1160 | +0.186% | $34K | $39K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1157 | −0.043% | $11.0M | $10.9M | 75x | as long as short |
| Bybit CCUSDT | +0.0100% | 4h | 0.1158 | −0.009% | $10.5M | $3.7M | 25x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1159 | +0.069% | $2.5M | $3.3M | 20x | as long as short |
| MEXC CC_USDT | +0.0100% | 4h | 0.1157 | −0.043% | $1.7M | $298K | 100x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1160 | +0.173% | $490K | $114K | 50x | as long as short |
| Bitget CCUSDT | +0.0100% | 4h | 0.1159 | +0.078% | $932K | $791K | 20x | as long as short |
Injective CC/USDC PERP
Gate CC_USDT
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
Bybit CCUSDT
OKX CC-USDT-SWAP
MEXC CC_USDT
KuCoin CCUSDTM
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDT | +0.0100% | 4h | 0.1158 | 0.000% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERPlong | +0.0100% | 1h | 0.1158 | long leg | $16K | $22K | 10x | |
| Variational Omni CC | +0.0100% | 4h | 0.1161 | +0.245% | $579K | $43K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1162 | +0.355% | $86K | $2.3M | 10x | as long as short |
| Derive CC-PERPshort | +0.0100% | 1h | 0.1157 | −0.072% | $7K | $35K | 6.7x | |
| BloFin CC-USDT | +0.0340% | 4h | 0.1157 | −0.043% | $585K | $104K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0440% / S −0.0239% | 1h | 0.1159 | +0.116% | $43K | — | 50x | as long as short |
| Hyperliquid CC | +0.0496% | 1h | 0.1161 | +0.233% | $5.4M | $1.3M | 3x | as long as short |
| Lighter CC | +0.1184% | 1h | 0.1163 | +0.432% | $232K | $161K | 5x | as long as short |
BingX CC-USDT
Variational Omni CC
GRVT CC_USDT_Perp
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Hyperliquid CC
Lighter CC