Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.005%

Price spread now: Derive against Gate−0.043%53s7-day average — · you buy dearer than you sell

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

Long on Gate Short on Derive

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

Funding pays, the price is against you. Derive is 0.043% cheaper against Gate than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 12 days of funding at the current rate ($0 a day). The two prices were read 53 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	Gate CC_USDT	0.1161	0.0088	pay 0.0044% / 4h	1h 24m	$360K	$212K	50x
Short	Derive CC-PERP	0.1160	0.0100	get 0.0013% / 1h	24m 26s	$7K	$35K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Gate. 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 GatebpFee DerivebpOrdersPrice spread, now −0.043%Rate

Funding earned: $2.52
Price spread: −0.043% → 0.000%: −$4.32
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Derive: 3 bp × 2 orders: −$6
Net: −$22.8
Costs to cover: 0.210%
Break-even: 70.3 days

Slippage unknown: Gate: live order book, 56 min ago; Derive: 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 Gate live order book, 56 min ago	5.61 bp	28.8 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

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	−0.3951%	1h	0.1147	−1.206%	$6K	$99	5.5x	as long as short
Gate CC_USDTlong	+0.0088%	4h	0.1161	long leg	$360K	$212K	50x
Paradex CC-USD-PERP	+0.0092%	8h	0.1162	+0.122%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1163	+0.160%	$34K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1163	+0.146%	$11.0M	$11.1M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1163	+0.129%	$10.5M	$3.8M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1164	+0.267%	$2.5M	$3.4M	20x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1162	+0.103%	$1.7M	$309K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1163	+0.172%	$492K	$115K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1162	+0.121%	$927K	$789K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1161	0.000%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1162	+0.060%	$16K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1160	−0.077%	$578K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1160	−0.106%	$87K	$2.3M	10x	as long as short
Derive CC-PERPshort	+0.0100%	1h	0.1160	−0.043%	$7K	$35K	6.7x
Hyperliquid CC	+0.0134%	1h	0.1165	+0.379%	$5.4M	$1.4M	3x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1161	+0.017%	$584K	$105K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0442% / S −0.0239%	1h	0.1163	+0.165%	$43K	—	50x	as long as short
Lighter CC	+0.1264%	1h	0.1167	+0.491%	$234K	$152K	5x	as long as short