Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0099%/8h= −10.8% APRpaid last 24h −0.037%

Price spread now: GMX against BloFin+0.060%7-day average — · you sell dearer than you buy

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

Long on BloFin 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

The price spread pays, funding is against you. GMX is 0.060% dearer against BloFin than usual: you sell high and buy low (spread +0.060% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CC-USDT	0.1170	0.0340	pay 0.0170% / 4h	0m 57s	$595K	$98K	75x
Short	GMX CC/USD [WBTC.b-USDC]	0.1171	L +0.0448% / S −0.0241%	get 0.0030% / 1h	0m 57s	$44K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$20.7
Price spread: +0.060% → 0.000%: $5.98
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$38.72
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 35 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 BloFin live order book, 35 min ago	2.14 bp	15.4 bp −$15	47.2 bp −$472	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 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	−0.3024%	1h	0.1180	+0.863%	$402	$3K	5.5x	as long as short
MEXC CC_USDT	−0.0198%	4h	0.1172	+0.154%	$1.7M	$333K	100x	as long as short
Bybit CCUSDT	−0.0193%	4h	0.1172	+0.188%	$10.7M	$3.8M	25x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1171	+0.073%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1173	+0.299%	$5.5M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1171	+0.127%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1172	+0.137%	$11.0M	$12.1M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1172	+0.222%	$2.5M	$3.2M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1172	+0.137%	$363K	$217K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1172	+0.188%	$483K	$122K	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	0.1173	+0.239%	$918K	$783K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1172	+0.205%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1171	+0.094%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1171	+0.055%	$596K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1170	+0.031%	$84K	$2.5M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1169	−0.076%	$6K	$35K	6.7x	as long as short
BloFin CC-USDTlong	+0.0340%	4h	0.1170	long leg	$595K	$98K	75x
GMX CC/USD [WBTC.b-USDC]short	L +0.0448% / S −0.0241%	1h	0.1171	+0.060%	$44K	—	50x
Lighter CC	+0.0696%	1h	0.1176	+0.487%	$243K	$160K	5x	as long as short