CC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −1.144%

Price spread now: Injective against Backpack+0.332%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 Injective

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Injective is 0.332% dearer against Backpack than usual: you sell high and buy low (spread +0.332% now, against zero (this spread has no 7-day history yet)): +$33 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack CC_USDC_PERP	0.1176	0.0100	pay 0.0013% / 1h	34m 43s	$15K	$22K	10x
Short	Injective CC/USDC PERP	0.1180	0.0033	get 0.0004% / 1h	34m 43s	$402	$3K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.332%Rate

Funding earned: −$14
Price spread: +0.332% → 0.000%: $33.16
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $9.14
Costs to cover: 0.100%
Break-even: from the start

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

Backpack and Injective: 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
Bybit CCUSDT	−0.0114%	4h	0.1176	0.000%	$10.8M	$3.8M	25x	as long as short
MEXC CC_USDT	−0.0114%	4h	0.1176	−0.034%	$1.7M	$331K	100x	as long as short
Injective CC/USDC PERPshort	+0.0033%	1h	0.1180	+0.332%	$402	$3K	5.5x
Paradex CC-USD-PERP	+0.0098%	8h	0.1176	+0.010%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1179	+0.221%	$5.5M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1176	+0.001%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1176	−0.034%	$11.1M	$11.9M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1177	+0.068%	$2.6M	$3.1M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1175	−0.068%	$365K	$209K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1176	+0.026%	$485K	$106K	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	0.1176	−0.017%	$922K	$771K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1176	+0.026%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERPlong	+0.0100%	1h	0.1176	long leg	$15K	$22K	10x
Variational Omni CC	+0.0100%	4h	0.1175	−0.094%	$598K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1172	−0.340%	$83K	$2.5M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1174	−0.145%	$6K	$33K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1176	−0.026%	$596K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0449% / S −0.0241%	1h	0.1176	+0.011%	$44K	—	50x	as long as short
Lighter CC	+0.0872%	1h	0.1181	+0.383%	$254K	$166K	5x	as long as short