Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.3121%/8h= +341.8% APRpaid last 24h +1.154%

Price spread now: Paradex against Injective−1.207%7-day average — · you buy dearer than you sell

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

Long on Injective 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 pays, the price is against you. Paradex is 1.207% cheaper against Injective than usual: you would sell low and buy high (spread −1.207% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$121 on $10k: about 31 hours of funding at the current rate (+$94 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective CC/USDC PERP	0.1180	−0.3024	get 0.0378% / 1h	52m 11s	$402	$3K	5.5x
Short	Paradex CC-USD-PERP	0.1166	0.0097	get 0.0097% / 8h	4h 52m	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −1.207%Rate

Funding earned: $655.49
Price spread: −1.207% → 0.000%: −$120.66
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: $530.81
Costs to cover: 0.040%
Break-even: 1.3 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Injective 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 PERPlong	−0.3024%	1h	0.1180	long leg	$402	$3K	5.5x
Bybit CCUSDT	−0.0147%	4h	0.1166	−1.186%	$10.6M	$3.8M	25x	as long as short
MEXC CC_USDT	−0.0142%	4h	0.1166	−1.186%	$1.7M	$323K	100x	as long as short
Paradex CC-USD-PERPshort	+0.0097%	8h	0.1166	−1.207%	$1K	—	5x
Hyperliquid CC	+0.0100%	1h	0.1168	−1.034%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1168	−1.043%	$34K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1165	−1.251%	$11.0M	$12.1M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1166	−1.186%	$2.5M	$3.4M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1166	−1.186%	$361K	$216K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1168	−1.042%	$481K	$122K	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	0.1167	−1.119%	$913K	$772K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1166	−1.169%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1166	−1.220%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1168	−1.004%	$594K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1168	−1.043%	$90K	$2.4M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1165	−1.274%	$6K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1166	−1.169%	$596K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0447% / S −0.0241%	1h	0.1167	−1.128%	$43K	—	50x	as long as short
Lighter CC	+0.0888%	1h	0.1172	−0.720%	$243K	$160K	5x	as long as short