Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0349%/8h= −38.2% APRpaid last 24h −0.091%

Price spread now: KuCoin against GMX−0.008%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 KuCoin

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CC/USD [WBTC.b-USDC]	0.1179	L +0.0449% / S −0.0241%	pay 0.0056% / 1h	31m 06s	$44K	—	50x
Short	KuCoin CCUSDTM	0.1179	0.0100	get 0.0050% / 4h	3h 31m	$486K	$104K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$73.34
Price spread: −0.008% → 0.000%: −$0.85
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$98.19
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 42 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 GMX no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 42 min ago	13.20 bp	124.2 bp −$124	doesn't fit	doesn't fit	doesn't fit

GMX: 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
MEXC CC_USDT	−0.0070%	4h	0.1178	−0.051%	$1.7M	$331K	100x	as long as short
Bybit CCUSDT	+0.0002%	4h	0.1178	−0.051%	$10.8M	$3.8M	25x	as long as short
Injective CC/USDC PERP	+0.0033%	1h	0.1180	+0.093%	$402	$3K	5.5x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1176	−0.242%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1181	+0.195%	$5.5M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1178	−0.059%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1178	−0.066%	$11.1M	$11.8M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1179	+0.025%	$2.6M	$3.1M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1178	−0.102%	$366K	$209K	50x	as long as short
KuCoin CCUSDTMshort	+0.0100%	4h	0.1179	−0.008%	$486K	$104K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1180	+0.076%	$925K	$771K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1179	−0.025%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1179	−0.017%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1179	−0.030%	$600K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1176	−0.244%	$85K	$2.6M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1177	−0.135%	$6K	$33K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1178	−0.068%	$595K	$99K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]long	L +0.0449% / S −0.0241%	1h	0.1179	long leg	$44K	—	50x
Lighter CC	+0.0912%	1h	0.1184	+0.458%	$253K	$168K	5x	as long as short