Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h −0.001%

Price spread now: Paradex against Derive−0.038%338s7-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 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.038% cheaper against Derive than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 338 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive CC-PERP	0.1189	0.0100	pay 0.0013% / 1h	58m 39s	$6K	$33K	6.7x
Short	Paradex CC-USD-PERP	0.1188	0.0097	get 0.0097% / 8h	58m 39s	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$0.57
Price spread: −0.038% → 0.000%: −$3.81
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$14.38
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; 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 Derive no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Derive and 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	+0.0033%	1h	0.1180	−0.740%	$402	$3K	5.5x	as long as short
MEXC CC_USDT	+0.0048%	4h	0.1188	−0.084%	$1.8M	$354K	100x	as long as short
Bybit CCUSDT	+0.0049%	4h	0.1188	−0.076%	$11.0M	$3.8M	25x	as long as short
Paradex CC-USD-PERPshort	+0.0097%	8h	0.1188	−0.038%	$1K	—	5x
Hyperliquid CC	+0.0100%	1h	0.1191	+0.151%	$5.5M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1188	−0.046%	$35K	$27K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1188	−0.059%	$11.2M	$11.9M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1189	+0.033%	$2.6M	$3.1M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1190	+0.059%	$364K	$183K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1188	−0.042%	$490K	$100K	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	0.1190	+0.067%	$920K	$749K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1188	−0.067%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1188	−0.067%	$16K	$23K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1188	−0.043%	$606K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1189	+0.042%	$87K	$2.9M	10x	as long as short
Derive CC-PERPlong	+0.0100%	1h	0.1189	long leg	$6K	$33K	6.7x
BloFin CC-USDT	+0.0340%	4h	0.1187	−0.126%	$599K	$95K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0453% / S −0.0241%	1h	0.1189	−0.015%	$44K	—	50x	as long as short
Lighter CC	+0.0840%	1h	0.1194	+0.446%	$254K	$168K	5x	as long as short