Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +1.053%

Price spread now: OKX against Injective+0.797%7-day average — · you sell dearer than you buy

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

Long on Injective 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and OKX is 0.797% dearer against Injective than usual: you sell high and buy low: +$80 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective CC/USDC PERP	0.1180	0.0033	pay 0.0004% / 1h	58m 48s	$402	$3K	5.5x
Short	OKX CC-USDT-SWAP	0.1189	0.0100	get 0.0050% / 4h	58m 48s	$2.6M	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Injective. 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 InjectivebpFee OKXbpOrdersPrice spread, now +0.797%Rate

Funding earned: $14
Price spread: +0.797% → 0.000%: $79.66
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: $83.64
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell OKX live order book, 3 min ago	2.10 bp	23.6 bp −$24	doesn't fit	doesn't fit	doesn't fit

Injective: 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 PERPlong	+0.0033%	1h	0.1180	long leg	$402	$3K	5.5x
Bybit CCUSDT	+0.0049%	4h	0.1188	+0.669%	$11.0M	$3.8M	25x	as long as short
MEXC CC_USDT	+0.0052%	4h	0.1188	+0.669%	$1.8M	$354K	100x	as long as short
Paradex CC-USD-PERP	+0.0097%	8h	0.1188	+0.718%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1190	+0.873%	$5.5M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1188	+0.700%	$35K	$27K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1188	+0.686%	$11.2M	$11.9M	75x	as long as short
OKX CC-USDT-SWAPshort	+0.0100%	4h	0.1189	+0.797%	$2.6M	$3.1M	20x
Gate CC_USDT	+0.0100%	4h	0.1190	+0.805%	$364K	$183K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1190	+0.814%	$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	+0.814%	$920K	$749K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1188	+0.720%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1188	+0.678%	$16K	$23K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1188	+0.703%	$606K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1189	+0.788%	$87K	$2.9M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1189	+0.746%	$6K	$33K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1187	+0.619%	$599K	$95K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0453% / S −0.0241%	1h	0.1189	+0.731%	$44K	—	50x	as long as short
Lighter CC	+0.1008%	1h	0.1194	+1.195%	$254K	$168K	5x	as long as short