Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0725%/8h= +79.4% APRpaid last 24h +0.051%

Price spread now: GMX against MEXC+0.085%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 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 +$22 a day on $10k at the current rate, and GMX is 0.085% dearer against MEXC than usual: you sell high and buy low: +$9 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	0.1173	−0.0484	get 0.0242% / 4h	2h 38m	$1.8M	$332K	100x
Short	GMX CC/USD [WBTC.b-USDC]	0.1174	L +0.0450% / S −0.0241%	get 0.0030% / 1h	38m 07s	$44K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.085%Rate

Funding earned: $152.34
Price spread: +0.085% → 0.000%: $8.52
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $144.86
Costs to cover: 0.160%
Break-even: 0.3 days

Slippage unknown: MEXC: 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 MEXC live order book, 3 min ago	0.43 bp	6.4 bp −$6	52.7 bp −$527	239.5 bp −$23.9K	825.6 bp −$412.8K
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	−0.0503%	4h	0.1174	+0.043%	$10.8M	$3.8M	25x	as long as short
MEXC CC_USDTlong	−0.0484%	4h	0.1173	long leg	$1.8M	$332K	100x
Injective CC/USDC PERP	+0.0033%	1h	0.1180	+0.554%	$402	$3K	5.5x	as long as short
Paradex CC-USD-PERP	+0.0083%	8h	0.1174	+0.006%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1176	+0.239%	$5.5M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1174	+0.078%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1174	+0.060%	$11.1M	$11.8M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1175	+0.119%	$2.5M	$3.1M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1173	−0.026%	$364K	$206K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1175	+0.145%	$484K	$104K	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	0.1175	+0.153%	$920K	$770K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1174	+0.068%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1174	+0.043%	$15K	$23K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1175	+0.100%	$599K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1176	+0.222%	$81K	$2.6M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1173	−0.056%	$6K	$33K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1172	−0.162%	$593K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]short	L +0.0450% / S −0.0241%	1h	0.1174	+0.085%	$44K	—	50x
Lighter CC	+0.0624%	1h	0.1179	+0.503%	$252K	$170K	5x	as long as short