Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0782%/8h= +85.6% APRpaid last 24h +0.001%

Price spread now: Backpack against MEXC+0.084%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 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 +$23 a day on $10k at the current rate, and Backpack is 0.084% dearer against MEXC than usual: you sell high and buy low: +$8 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	MEXC CC_USDT	0.1185	−0.0682	get 0.0341% / 4h	3h 44m	$1.6M	$313K	100x
Short	Backpack CC_USDC_PERP	0.1186	0.0100	get 0.0013% / 1h	44m 24s	$16K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against MEXC. 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 MEXCbpFee BackpackbpOrdersPrice spread, now +0.084%Rate

Funding earned: $164.22
Price spread: +0.084% → 0.000%: $8.44
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Backpack: 5 bp × 2 orders: −$10
Net: $158.66
Costs to cover: 0.140%
Break-even: 0.2 days

Slippage unknown: MEXC: live order book, 2 min ago; 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 MEXC live order book, 2 min ago	0.42 bp	7.0 bp −$7	55.3 bp −$553	252.6 bp −$25.3K	626.2 bp −$313.1K
Sell Backpack no order-book sample	—	—	—	—	—

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	−0.4522%	1h	0.1170	−1.232%	$6K	$97	5.5x	as long as short
Bybit CCUSDT	−0.0735%	4h	0.1184	−0.017%	$10.7M	$3.8M	25x	as long as short
MEXC CC_USDTlong	−0.0682%	4h	0.1185	long leg	$1.6M	$313K	100x
Paradex CC-USD-PERP	+0.0098%	8h	0.1185	+0.035%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1186	+0.148%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1186	+0.146%	$35K	$38K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1184	−0.051%	$11.2M	$11.4M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1185	0.000%	$2.6M	$3.6M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1184	−0.051%	$365K	$212K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1186	+0.127%	$504K	$117K	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	0.1186	+0.127%	$946K	$791K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1185	+0.008%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERPshort	+0.0100%	1h	0.1186	+0.084%	$16K	$22K	10x
Variational Omni CC	+0.0100%	4h	0.1185	+0.073%	$602K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1182	−0.210%	$92K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1184	−0.016%	$6K	$36K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1184	−0.025%	$592K	$110K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0448% / S −0.0241%	1h	0.1185	+0.006%	$44K	—	50x	as long as short
Lighter CC	+0.0864%	1h	0.1190	+0.447%	$237K	$152K	5x	as long as short