Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.002%

Price spread now: BingX against Paradex+0.018%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on BingX

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CC-USD-PERP	0.1168	0.0099	pay 0.0099% / 8h	2h 50m	$1K	—	5x
Short	BingX CC-USDT	0.1168	0.0100	get 0.0050% / 4h	2h 50m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Paradex. 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 ParadexbpFee BingXbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0.26
Price spread: +0.018% → 0.000%: $1.82
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$11.92
Costs to cover: 0.140%
Break-even: 327.6 days

Slippage unknown: Paradex: no order-book sample; BingX: live order book, 1 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell BingX live order book, 1 min ago	5.57 bp	27.7 bp −$28	82.2 bp −$822	330.2 bp −$33.0K	996.6 bp −$498.3K

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
Injective CC/USDC PERP	−0.3670%	1h	0.1153	−1.249%	$6K	$98	5.5x	as long as short
Paradex CC-USD-PERPlong	+0.0099%	8h	0.1168	long leg	$1K	—	5x
Aster CCUSDT	+0.0100%	4h	0.1168	+0.018%	$35K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1168	+0.035%	$11.1M	$10.8M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1168	+0.044%	$10.5M	$3.7M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1168	+0.061%	$2.5M	$3.4M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1166	−0.127%	$363K	$206K	50x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1168	+0.027%	$1.7M	$293K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1168	+0.027%	$493K	$115K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1169	+0.138%	$976K	$765K	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-USDTshort	+0.0100%	4h	0.1168	+0.018%	—	$6.6M	—
Backpack CC_USDC_PERP	+0.0100%	1h	0.1167	−0.093%	$18K	$21K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1166	−0.118%	$581K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1166	−0.128%	$84K	$2.2M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1167	−0.041%	$7K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1166	−0.179%	$587K	$108K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0442% / S −0.0239%	1h	0.1169	+0.086%	$44K	—	50x	as long as short
Hyperliquid CC	+0.0942%	1h	0.1171	+0.258%	$5.5M	$1.3M	3x	as long as short
Lighter CC	+0.1936%	1h	0.1172	+0.395%	$234K	$160K	5x	as long as short