Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0141%/8h= +15.5% APRpaid last 24h +0.035%

Price spread now: GMX against KuCoin+0.048%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on GMX

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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.048% dearer against KuCoin than usual: you sell high and buy low: +$5 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	KuCoin CCUSDTM	0.1178	0.0100	pay 0.0050% / 4h	2h 55m	$485K	$104K	50x
Short	GMX CC/USD [WBTC.b-USDC]	0.1179	L +0.0450% / S −0.0241%	get 0.0030% / 1h	55m 44s	$44K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $29.7
Price spread: +0.048% → 0.000%: $4.84
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $10.54
Costs to cover: 0.240%
Break-even: 4.5 days

Slippage unknown: KuCoin: live order book, 3 min ago; GMX: 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 KuCoin live order book, 3 min ago	21.30 bp	100.8 bp −$101	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Bybit CCUSDT	−0.0425%	4h	0.1178	0.000%	$10.8M	$3.8M	25x	as long as short
MEXC CC_USDT	−0.0422%	4h	0.1177	−0.059%	$1.7M	$322K	100x	as long as short
Injective CC/USDC PERP	+0.0033%	1h	0.1180	+0.170%	$402	$3K	5.5x	as long as short
Paradex CC-USD-PERP	+0.0078%	8h	0.1178	−0.008%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1178	+0.037%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1178	−0.041%	$11.1M	$11.8M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1178	0.000%	$2.6M	$3.1M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1177	−0.102%	$365K	$206K	50x	as long as short
KuCoin CCUSDTMlong	+0.0100%	4h	0.1178	long leg	$485K	$104K	50x
Bitget CCUSDT	+0.0100%	4h	0.1177	−0.085%	$921K	$770K	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	0.1178	−0.034%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1178	−0.034%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1177	−0.047%	$600K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1172	−0.504%	$82K	$2.6M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1177	−0.091%	$6K	$33K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1172	−0.492%	$429K	$98K	75x	as long as short
Hyperliquid CC	+0.0356%	1h	0.1180	+0.178%	$5.5M	$1.3M	3x	as long as short
GMX CC/USD [WBTC.b-USDC]short	L +0.0450% / S −0.0241%	1h	0.1179	+0.048%	$44K	—	50x
Lighter CC	+0.0896%	1h	0.1184	+0.509%	$253K	$169K	5x	as long as short