Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0246%/8h= −26.9% APRpaid last 24h −0.001%

Price spread now: MEXC against Derive+0.109%7-day average — · you sell dearer than you buy

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

Long on Derive Short on MEXC

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—needs both histories

The price spread pays, funding is against you. MEXC is 0.109% dearer against Derive than usual: you sell high and buy low (spread +0.109% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive CC-PERP	0.1166	0.0100	pay 0.0013% / 1h	53m 06s	$6K	$35K	6.7x
Short	MEXC CC_USDT	0.1167	−0.0146	pay 0.0073% / 4h	53m 06s	$1.7M	$323K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Derive. 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 DerivebpFee MEXCbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$51.66
Price spread: +0.109% → 0.000%: $10.86
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$50.8
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Derive: no order-book sample; MEXC: live order book, 3 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	0.43 bp	6.9 bp −$7	65.2 bp −$652	254.2 bp −$25.4K	806.8 bp −$403.4K

Derive: 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	+1.224%	$402	$3K	5.5x	as long as short
MEXC CC_USDTshort	−0.0146%	4h	0.1167	+0.109%	$1.7M	$323K	100x
Bybit CCUSDT	−0.0144%	4h	0.1167	+0.134%	$10.6M	$3.8M	25x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1166	−0.010%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1169	+0.272%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1168	+0.202%	$34K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1167	+0.109%	$11.0M	$12.1M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1168	+0.151%	$2.5M	$3.4M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1166	+0.014%	$361K	$216K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1168	+0.212%	$481K	$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	0.1166	+0.049%	$913K	$772K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1167	+0.100%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1167	+0.109%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1168	+0.208%	$594K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1168	+0.168%	$90K	$2.4M	10x	as long as short
Derive CC-PERPlong	+0.0100%	1h	0.1166	long leg	$6K	$35K	6.7x
BloFin CC-USDT	+0.0340%	4h	0.1166	+0.040%	$596K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0447% / S −0.0241%	1h	0.1167	+0.127%	$43K	—	50x	as long as short
Lighter CC	+0.0928%	1h	0.1173	+0.615%	$243K	$160K	5x	as long as short