Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0141%/8h= +15.5% APRpaid last 24h +0.034%

Price spread now: GMX against Binance+0.270%7-day average — · you sell dearer than you buy

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

Long on Binance 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 0.270% dearer against Binance than usual: you sell high and buy low: +$27 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	Binance CCUSDT	0.1177	0.0100	pay 0.0050% / 4h	2h 31m	$11.1M	$12.0M	75x
Short	GMX CC/USD [WBTC.b-USDC]	0.1180	L +0.0450% / S −0.0241%	get 0.0030% / 1h	31m 49s	$44K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now +0.270%Rate

Funding earned: $29.7
Price spread: +0.270% → 0.000%: $27.02
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $34.73
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Binance: live order book, 8 min ago; 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 Binance live order book, 8 min ago	3.00 bp	18.6 bp −$19	72.9 bp −$729	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 18 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	0.1159	−1.504%	$6K	$97	5.5x	as long as short
MEXC CC_USDT	−0.0204%	4h	0.1177	+0.068%	$1.6M	$314K	100x	as long as short
Bybit CCUSDT	−0.0178%	4h	0.1177	+0.008%	$10.7M	$3.9M	25x	as long as short
Paradex CC-USD-PERP	+0.0087%	8h	0.1180	+0.256%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1179	+0.161%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1178	+0.131%	$35K	$39K	20x	as long as short
Binance CCUSDTlong	+0.0100%	4h	0.1177	long leg	$11.1M	$12.0M	75x
OKX CC-USDT-SWAP	+0.0100%	4h	0.1177	−0.017%	$2.6M	$3.6M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1176	−0.034%	$366K	$219K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1180	+0.263%	$485K	$123K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1177	+0.017%	$932K	$805K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1177	−0.017%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1179	+0.212%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1171	−0.457%	$596K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1172	−0.379%	$79K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1178	+0.135%	$6K	$36K	6.7x	as long as short
GMX CC/USD [WBTC.b-USDC]short	L +0.0450% / S −0.0241%	1h	0.1180	+0.270%	$44K	—	50x
Lighter CC	+0.0760%	1h	0.1182	+0.476%	$239K	$155K	5x	as long as short