CC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0141%/8h= +15.5% APRnext payment +$0.18 per $10,000 · paid last 24h +0.034%

Price spread now: GMX against Backpack+0.228%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.228% dearer against Backpack than usual: you sell high and buy low: +$23 more if the spread 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	0.1182	0.0100	pay 0.0013% / 1h	57m 03s	$15K	$22K	10x
Short	GMX CC/USD [WBTC.b-USDC]	0.1185	L +0.0450% / S −0.0241%	get 0.0030% / 1h	57m 03s	$44K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Backpack. 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 BackpackbpFee GMXbpOrdersPrice spread, now +0.228%Rate

Funding earned: $29.7
Price spread: +0.228% → 0.000%: $22.84
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $30.54
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Backpack: no order-book sample; GMX: 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 GMX no order-book sample	—	—	—	—	—

Backpack and GMX: 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	−0.3556%	1h	0.1184	+0.169%	$6K	$96	5.5x	as long as short
Bybit CCUSDT	−0.0507%	4h	0.1182	−0.017%	$10.7M	$3.8M	25x	as long as short
MEXC CC_USDT	−0.0432%	4h	0.1182	−0.042%	$1.6M	$312K	100x	as long as short
Paradex CC-USD-PERP	+0.0088%	8h	0.1184	+0.157%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1185	+0.237%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1185	+0.253%	$35K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1181	−0.076%	$11.1M	$11.7M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1182	+0.008%	$2.6M	$3.5M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1182	+0.025%	$364K	$212K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1184	+0.186%	$499K	$120K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1181	−0.118%	$930K	$801K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1182	+0.017%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERPlong	+0.0100%	1h	0.1182	long leg	$15K	$22K	10x
Variational Omni CC	+0.0100%	4h	0.1186	+0.317%	$604K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1186	+0.347%	$82K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1182	+0.015%	$6K	$36K	6.7x	as long as short
Lighter CC	+0.0312%	1h	0.1187	+0.457%	$235K	$150K	5x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1184	+0.144%	$598K	$102K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]short	L +0.0450% / S −0.0241%	1h	0.1185	+0.228%	$44K	—	50x