Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h −0.002%

Price spread now: Paradex against BingX+0.030%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 Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.030% dearer against BingX than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 9.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CC-USDT	0.1155	0.0100	pay 0.0050% / 4h	1h 54m	—	$6.6M	—
Short	Paradex CC-USD-PERP	0.1155	0.0089	get 0.0089% / 8h	1h 54m	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$2.27
Price spread: +0.030% → 0.000%: $2.99
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$13.29
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 13 min ago; 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 BingX live order book, 13 min ago	5.18 bp	19.4 bp −$19	77.7 bp −$777	319.4 bp −$31.9K	1078.5 bp −$539.2K
Sell Paradex no order-book sample	—	—	—	—	—

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
Injective CC/USDC PERP	−0.3951%	1h	0.1146	−0.745%	$6K	$96	5.5x	as long as short
Gate CC_USDT	−0.0002%	4h	0.1154	−0.061%	$359K	$207K	50x	as long as short
MEXC CC_USDT	+0.0076%	4h	0.1154	−0.061%	$1.6M	$294K	100x	as long as short
Bybit CCUSDT	+0.0081%	4h	0.1154	−0.052%	$10.4M	$3.7M	25x	as long as short
Paradex CC-USD-PERPshort	+0.0089%	8h	0.1155	+0.030%	$1K	—	5x
Aster CCUSDT	+0.0100%	4h	0.1156	+0.082%	$34K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1154	−0.035%	$11.0M	$10.9M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1154	−0.009%	$2.5M	$3.3M	20x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1156	+0.095%	$488K	$114K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1155	+0.035%	$925K	$787K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDTlong	+0.0100%	4h	0.1155	long leg	—	$6.6M	—
Backpack CC_USDC_PERP	+0.0100%	1h	0.1154	−0.043%	$16K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1155	+0.061%	$576K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1156	+0.088%	$85K	$2.2M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1153	−0.129%	$7K	$35K	6.7x	as long as short
Hyperliquid CC	+0.0120%	1h	0.1156	+0.130%	$5.4M	$1.3M	3x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1154	−0.061%	$584K	$104K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0439% / S −0.0239%	1h	0.1155	+0.040%	$43K	—	50x	as long as short
Lighter CC	+0.1240%	1h	0.1159	+0.364%	$232K	$148K	5x	as long as short