Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: OKX against Derive−0.012%7-day average — · you buy dearer than you sell

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

Long on Derive Short on OKX

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive CC-PERP	0.1195	0.0100	pay 0.0013% / 1h	18m 54s	$6K	$36K	6.7x
Short	OKX CC-USDT-SWAP	0.1195	0.0100	get 0.0050% / 4h	3h 18m	$2.6M	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → 0.000%: −$1.16
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$17.16
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; OKX: 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 OKX live order book, 3 min ago	3.34 bp	20.7 bp −$21	doesn't fit	doesn't fit	doesn't fit

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	−0.4522%	1h	0.1174	−1.752%	$6K	$99	5.5x	as long as short
MEXC CC_USDT	−0.0538%	4h	0.1193	−0.146%	$1.7M	$315K	100x	as long as short
Bybit CCUSDT	−0.0496%	4h	0.1194	−0.079%	$10.8M	$3.8M	25x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1195	+0.045%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1198	+0.227%	$5.6M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1194	−0.048%	$35K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1193	−0.124%	$11.3M	$11.4M	75x	as long as short
OKX CC-USDT-SWAPshort	+0.0100%	4h	0.1195	−0.012%	$2.6M	$3.6M	20x
Gate CC_USDT	+0.0100%	4h	0.1194	−0.070%	$369K	$213K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1196	+0.097%	$501K	$119K	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	0.1195	+0.039%	$954K	$781K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1194	−0.095%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1195	+0.030%	$16K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1195	−0.037%	$608K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1195	−0.020%	$90K	$2.3M	10x	as long as short
Derive CC-PERPlong	+0.0100%	1h	0.1195	long leg	$6K	$36K	6.7x
BloFin CC-USDT	+0.0340%	4h	0.1195	−0.037%	$596K	$105K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0451% / S −0.0241%	1h	0.1197	+0.147%	$45K	—	50x	as long as short
Lighter CC	+0.0848%	1h	0.1200	+0.424%	$237K	$154K	5x	as long as short