Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0402%/8h= +44.0% APRpaid last 24h +0.014%

Price spread now: Paradex against MEXC−0.036%7-day average — · you buy dearer than you sell

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

Long on MEXC 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 0.036% cheaper against MEXC than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CC_USDT	0.1175	−0.0312	get 0.0156% / 4h	1h 58m	$1.9M	$350K	100x
Short	Paradex CC-USD-PERP	0.1175	0.0090	get 0.0090% / 8h	1h 58m	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.036%Rate

Funding earned: $84.33
Price spread: −0.036% → 0.000%: −$3.61
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Paradex: 2 bp × 2 orders: −$4
Net: $72.73
Costs to cover: 0.080%
Break-even: 1.0 days

Slippage unknown: MEXC: live order book, 3 min ago; 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 MEXC live order book, 3 min ago	0.42 bp	8.2 bp −$8	49.9 bp −$499	250.3 bp −$25.0K	812.0 bp −$406.0K
Sell Paradex no order-book sample	—	—	—	—	—

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
MEXC CC_USDTlong	−0.0312%	4h	0.1175	long leg	$1.9M	$350K	100x
Bybit CCUSDT	−0.0292%	4h	0.1176	+0.017%	$10.8M	$3.8M	25x	as long as short
Backpack CC_USDC_PERP	−0.0266%	1h	0.1171	−0.340%	$15K	$23K	10x	as long as short
Injective CC/USDC PERP	+0.0033%	1h	0.1180	+0.400%	$402	$3K	5.5x	as long as short
Paradex CC-USD-PERPshort	+0.0090%	8h	0.1175	−0.036%	$1K	—	5x
Hyperliquid CC	+0.0100%	1h	0.1177	+0.179%	$5.5M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1175	−0.058%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1174	−0.077%	$11.1M	$12.0M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1176	+0.060%	$2.5M	$3.1M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1174	−0.102%	$361K	$196K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin CCUSDTM	+0.0100%	4h	0.1176	+0.085%	$485K	$104K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1176	+0.068%	$912K	$779K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1175	−0.026%	—	$6.6M	—	as long as short
Variational Omni CC	+0.0100%	4h	0.1184	+0.747%	$604K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1185	+0.842%	$87K	$2.8M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1173	−0.185%	$6K	$33K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1176	+0.043%	$593K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0449% / S −0.0241%	1h	0.1175	−0.033%	$44K	—	50x	as long as short
Lighter CC	+0.0488%	1h	0.1181	+0.468%	$252K	$170K	5x	as long as short