Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against OKX+0.163%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$930.932% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 7 days−0.222%−$22 · spread now +0.163%, 7d avg −0.048%

Together, before fees−0.244%−$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.211% dearer against OKX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CC-USDT-SWAP	0.1165	0.0100	pay 0.0050% / 4h	53m 37s	$2.5M	$3.4M	20x
Short	Binance CCUSDT	0.1167	0.0100	get 0.0050% / 4h	53m 37s	$11.0M	$12.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.163%Rate

Funding earned: $0
Price spread: +0.163% → −0.048%: $21.1
Slippage, 4 orders: −$73.19
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$72.09
Costs to cover: 0.932%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Binance: live order book, 2 min ago.

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 OKX live order book, 4 min ago	3.00 bp	25.3 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	2.57 bp	25.8 bp −$26	92.5 bp −$925	540.6 bp −$54.1K	doesn't fit

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	−0.3024%	1h	0.1180	+1.253%	$402	$3K	5.5x	as long as short
Bybit CCUSDT	−0.0147%	4h	0.1166	+0.077%	$10.6M	$3.8M	25x	as long as short
MEXC CC_USDT	−0.0146%	4h	0.1167	+0.120%	$1.7M	$323K	100x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1166	+0.018%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1169	+0.335%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1169	+0.267%	$34K	$32K	20x	as long as short
Binance CCUSDTshort	+0.0100%	4h	0.1167	+0.163%	$11.0M	$12.1M	75x
OKX CC-USDT-SWAPlong	+0.0100%	4h	0.1165	long leg	$2.5M	$3.4M	20x
Gate CC_USDT	+0.0100%	4h	0.1166	+0.060%	$361K	$216K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1168	+0.197%	$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	0.1166	+0.043%	$913K	$772K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1166	+0.069%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1167	+0.154%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1168	+0.237%	$594K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1168	+0.197%	$90K	$2.4M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1166	+0.088%	$6K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1168	+0.189%	$598K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0447% / S −0.0241%	1h	0.1168	+0.245%	$44K	—	50x	as long as short
Lighter CC	+0.0928%	1h	0.1173	+0.686%	$243K	$160K	5x	as long as short