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 Bitget+0.036%7-day average — · you sell dearer than you buy

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

Long on Bitget 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 0.036% dearer against Bitget than usual: you sell high and buy low: +$4 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	Bitget CCUSDT	0.1186	0.0100	pay 0.0050% / 4h	2h 10m	$936K	$805K	20x
Short	GMX CC/USD [WBTC.b-USDC]	0.1186	L +0.0451% / S −0.0241%	get 0.0030% / 1h	10m 24s	$44K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now +0.036%Rate

Funding earned: $29.7
Price spread: +0.036% → 0.000%: $3.63
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $9.33
Costs to cover: 0.240%
Break-even: 4.8 days

Slippage unknown: Bitget: live order book, 55 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 Bitget live order book, 55 min ago	2.51 bp	31.2 bp −$31	82.3 bp −$823	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	0.1173	−1.079%	$6K	$100	5.5x	as long as short
Bybit CCUSDT	−0.0181%	4h	0.1186	−0.025%	$10.8M	$3.9M	25x	as long as short
MEXC CC_USDT	−0.0156%	4h	0.1184	−0.118%	$1.6M	$315K	100x	as long as short
Paradex CC-USD-PERP	+0.0092%	8h	0.1185	−0.090%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1184	−0.111%	$35K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1185	−0.095%	$11.2M	$12.0M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1186	−0.025%	$2.6M	$3.6M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1184	−0.118%	$368K	$219K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1187	+0.093%	$488K	$121K	50x	as long as short
Bitget CCUSDTlong	+0.0100%	4h	0.1186	long leg	$936K	$805K	20x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1185	−0.042%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1186	−0.017%	$16K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1184	−0.114%	$603K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1184	−0.176%	$91K	$2.4M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1185	−0.094%	$6K	$36K	6.7x	as long as short
Hyperliquid CC	+0.0209%	1h	0.1188	+0.192%	$5.6M	$1.4M	3x	as long as short
GMX CC/USD [WBTC.b-USDC]short	L +0.0451% / S −0.0241%	1h	0.1186	+0.036%	$44K	—	50x
Lighter CC	+0.0792%	1h	0.1189	+0.304%	$240K	$155K	5x	as long as short