Funding you earn now, next payment 05:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.001%
Price spread now: Paradex against Backpack+0.052%7-day average — · you sell dearer than you buy
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
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.052% dearer against Backpack than usual: you sell high and buy low, +$5 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 | 0.1175 | 0.0100 | pay 0.0013% / 1h | 33m 20s | $15K | $22K | 10x |
| Short | Paradex CC-USD-PERP | 0.1176 | 0.0098 | get 0.0098% / 8h | 3h 33m | $1K | — | 5x |
Backpack CC_USDC_PERP
Paradex CC-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$0.37
- Price spread: +0.052% → 0.000%
- $5.23
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$9.14
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; Paradex: 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 Paradex no order-book sample | — | — | — | — | — |
Backpack and Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC CC_USDT | −0.0082% | 4h | 0.1176 | +0.051% | $1.7M | $331K | 100x | as long as short |
| Bybit CCUSDT | −0.0077% | 4h | 0.1176 | +0.068% | $10.8M | $3.8M | 25x | as long as short |
| Injective CC/USDC PERP | +0.0033% | 1h | 0.1180 | +0.434% | $402 | $3K | 5.5x | as long as short |
| Paradex CC-USD-PERPshort | +0.0098% | 8h | 0.1176 | +0.052% | $1K | — | 5x | |
| Hyperliquid CC | +0.0100% | 1h | 0.1178 | +0.306% | $5.5M | $1.3M | 3x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1177 | +0.140% | $35K | $32K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1176 | +0.060% | $11.1M | $11.8M | 75x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1177 | +0.136% | $2.6M | $3.1M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1176 | +0.051% | $365K | $209K | 50x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1177 | +0.153% | $485K | $106K | 50x | as long as short |
MEXC CC_USDT
Bybit CCUSDT
Injective CC/USDC PERP
Hyperliquid CC
Aster CCUSDT
Binance CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
KuCoin CCUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CCUSDT | +0.0100% | 4h | 0.1176 | +0.128% | $922K | $771K | 20x | as long as short |
| BingX CC-USDT | +0.0100% | 4h | 0.1176 | +0.094% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERPlong | +0.0100% | 1h | 0.1175 | long leg | $15K | $22K | 10x | |
| Variational Omni CC | +0.0100% | 4h | 0.1175 | +0.008% | $598K | $56K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1176 | +0.116% | $85K | $2.6M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1174 | −0.040% | $6K | $33K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1176 | +0.051% | $593K | $98K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0449% / S −0.0241% | 1h | 0.1176 | +0.115% | $44K | — | 50x | as long as short |
| Lighter CC | +0.0896% | 1h | 0.1181 | +0.477% | $254K | $166K | 5x | as long as short |
Bitget CCUSDT
BingX CC-USDT
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Lighter CC