Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0298%/8h= +32.6% APRpaid last 24h 0.000%

Price spread now: Paradex against Bybit+0.002%7-day average — · you sell dearer than you buy

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

Long on Bybit 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: +$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CCUSDT	0.1170	−0.0200	get 0.0100% / 4h	2m 17s	$10.7M	$3.8M	25x
Short	Paradex CC-USD-PERP	0.1170	0.0098	get 0.0098% / 8h	4h 02m	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bybit. 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 BybitbpFee ParadexbpOrdersPrice spread, now +0.002%Rate

Funding earned: $62.58
Price spread: +0.002% → 0.000%: $0.18
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paradex: 2 bp × 2 orders: −$4
Net: $47.77
Costs to cover: 0.150%
Break-even: 1.7 days

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	1.71 bp	35.3 bp −$35	482.6 bp −$4,826	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
Injective CC/USDC PERP	−0.3024%	1h	0.1180	+0.881%	$402	$3K	5.5x	as long as short
MEXC CC_USDT	−0.0206%	4h	0.1169	−0.017%	$1.7M	$333K	100x	as long as short
Bybit CCUSDTlong	−0.0200%	4h	0.1170	long leg	$10.7M	$3.8M	25x
Paradex CC-USD-PERPshort	+0.0098%	8h	0.1170	+0.002%	$1K	—	5x
Hyperliquid CC	+0.0100%	1h	0.1172	+0.188%	$5.5M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1170	+0.032%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1169	−0.026%	$11.0M	$12.1M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1171	+0.103%	$2.5M	$3.2M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1170	+0.034%	$362K	$217K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1171	+0.085%	$482K	$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	0.1171	+0.068%	$916K	$783K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1170	+0.026%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1170	+0.009%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1168	−0.129%	$596K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1170	+0.041%	$84K	$2.5M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1168	−0.104%	$6K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1167	−0.197%	$593K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0448% / S −0.0241%	1h	0.1170	+0.050%	$44K	—	50x	as long as short
Lighter CC	+0.0688%	1h	0.1175	+0.479%	$243K	$160K	5x	as long as short