Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.001%

Price spread now: Paradex against Bitget−0.006%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CCUSDT	0.1178	0.0100	pay 0.0050% / 4h	2h 42m	$921K	$770K	20x
Short	Paradex CC-USD-PERP	0.1178	0.0081	get 0.0081% / 8h	2h 42m	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$4.03
Price spread: −0.006% → 0.000%: −$0.62
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$20.65
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	3.82 bp	26.9 bp −$27	88.8 bp −$888	doesn't fit	doesn't fit
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
MEXC CC_USDT	−0.0486%	4h	0.1176	−0.110%	$1.8M	$332K	100x	as long as short
Bybit CCUSDT	−0.0459%	4h	0.1177	−0.025%	$10.8M	$3.8M	25x	as long as short
Injective CC/USDC PERP	+0.0033%	1h	0.1180	+0.204%	$402	$3K	5.5x	as long as short
Paradex CC-USD-PERPshort	+0.0081%	8h	0.1178	−0.006%	$1K	—	5x
Hyperliquid CC	+0.0100%	1h	0.1179	+0.093%	$5.5M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1177	−0.010%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1177	−0.068%	$11.1M	$11.8M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1178	+0.025%	$2.6M	$3.1M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1176	−0.127%	$365K	$206K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1178	+0.042%	$485K	$104K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDTlong	+0.0100%	4h	0.1178	long leg	$921K	$770K	20x
BingX CC-USDT	+0.0100%	4h	0.1177	−0.034%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1177	−0.059%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1176	−0.145%	$600K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1178	−0.004%	$82K	$2.6M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1176	−0.141%	$6K	$33K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1177	−0.008%	$597K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0450% / S −0.0241%	1h	0.1178	0.000%	$44K	—	50x	as long as short
Lighter CC	+0.0680%	1h	0.1183	+0.476%	$253K	$169K	5x	as long as short