Funding arb · Price arb /

CC

all CC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Derive against BingX+0.007%7-day average — · you sell dearer than you buy

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

Long on BingX Short on Derive

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CC-USDT	0.1182	0.0100	pay 0.0050% / 4h	2h 56m	—	$6.6M	—
Short	Derive CC-PERP	0.1182	0.0100	get 0.0013% / 1h	56m 52s	$6K	$36K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against BingX. 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 BingXbpFee DerivebpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → 0.000%: $0.67
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$15.33
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 10 min ago; 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 BingX live order book, 10 min ago	5.44 bp	21.2 bp −$21	64.9 bp −$649	366.7 bp −$36.7K	872.1 bp −$436.1K
Sell Derive no order-book sample	—	—	—	—	—

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	−0.3556%	1h	0.1184	+0.161%	$6K	$96	5.5x	as long as short
Bybit CCUSDT	−0.0507%	4h	0.1181	−0.068%	$10.7M	$3.8M	25x	as long as short
MEXC CC_USDT	−0.0432%	4h	0.1182	−0.051%	$1.6M	$312K	100x	as long as short
Paradex CC-USD-PERP	+0.0088%	8h	0.1184	+0.149%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1183	+0.076%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1185	+0.209%	$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	−0.051%	$2.6M	$3.5M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1182	−0.042%	$364K	$212K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1184	+0.178%	$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	0.1182	−0.017%	$931K	$801K	20x	as long as short
BingX CC-USDTlong	+0.0100%	4h	0.1182	long leg	—	$6.6M	—
Backpack CC_USDC_PERP	+0.0100%	1h	0.1182	−0.008%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1186	+0.308%	$604K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1186	+0.338%	$82K	$2.3M	10x	as long as short
Derive CC-PERPshort	+0.0100%	1h	0.1182	+0.007%	$6K	$36K	6.7x
Lighter CC	+0.0256%	1h	0.1186	+0.338%	$235K	$150K	5x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1184	+0.135%	$598K	$102K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0450% / S −0.0241%	1h	0.1185	+0.220%	$44K	—	50x	as long as short