CC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0342%/8h= −37.5% APRnext payment −$0.43 per $10,000 · paid last 24h −0.090%

Price spread now: Backpack against GMX−0.034%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Backpack is 0.034% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CC/USD [WBTC.b-USDC]	0.1164	L +0.0442% / S −0.0239%	pay 0.0055% / 1h	1m 36s	$43K	—	50x
Short	Backpack CC_USDC_PERP	0.1163	0.0100	get 0.0013% / 1h	1m 36s	$15K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$71.86
Price spread: −0.034% → 0.000%: −$3.35
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$97.21
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Backpack: 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 GMX no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

GMX and Backpack: 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	0.1150	−1.193%	$6K	$100	5.5x	as long as short
Paradex CC-USD-PERP	+0.0095%	8h	0.1164	−0.016%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1163	−0.051%	$34K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1163	−0.051%	$11.0M	$11.1M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1163	−0.076%	$10.5M	$3.7M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1165	+0.061%	$2.5M	$3.4M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1162	−0.188%	$360K	$213K	50x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1163	−0.051%	$1.6M	$317K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1164	−0.016%	$493K	$115K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1164	+0.009%	$928K	$788K	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	0.1163	−0.042%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERPshort	+0.0100%	1h	0.1163	−0.034%	$15K	$22K	10x
Variational Omni CC	+0.0100%	4h	0.1161	−0.262%	$578K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1162	−0.166%	$78K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1162	−0.127%	$5K	$35K	6.7x	as long as short
Hyperliquid CC	+0.0324%	1h	0.1166	+0.190%	$5.4M	$1.3M	3x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1163	−0.102%	$584K	$105K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]long	L +0.0442% / S −0.0239%	1h	0.1164	long leg	$43K	—	50x
Lighter CC	+0.1240%	1h	0.1168	+0.353%	$234K	$152K	5x	as long as short