Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.074%

Price spread now: BloFin against Paradex−0.182%93s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on BloFin

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. BloFin is 0.182% cheaper against Paradex than usual: you would sell low and buy high (spread −0.182% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 2.5 days of funding at the current rate (+$7 a day). The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CC-USD-PERP	0.1178	0.0096	pay 0.0096% / 8h	53m 42s	$1K	—	5x
Short	BloFin CC-USDT	0.1176	0.0340	get 0.0170% / 4h	53m 42s	$587K	$106K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.182%Rate

Funding earned: $51.21
Price spread: −0.182% → 0.000%: −$18.23
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: $16.98
Costs to cover: 0.160%
Break-even: 4.7 days

Slippage unknown: Paradex: no order-book sample; BloFin: live order book, 23 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 BloFin live order book, 23 min ago	1.29 bp	25.3 bp −$25	63.7 bp −$637	doesn't fit	doesn't fit

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	−0.3320%	1h	0.1150	−2.381%	$6K	$96	5.5x	as long as short
Paradex CC-USD-PERPlong	+0.0096%	8h	0.1178	long leg	$1K	—	5x
Aster CCUSDT	+0.0100%	4h	0.1177	−0.052%	$35K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1178	+0.038%	$11.1M	$11.1M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1179	+0.055%	$10.7M	$3.7M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1180	+0.174%	$2.5M	$3.5M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1177	−0.106%	$365K	$213K	50x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1179	+0.081%	$1.6M	$312K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1178	+0.021%	$499K	$115K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1179	+0.047%	$940K	$787K	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-USDT	+0.0100%	4h	0.1179	+0.089%	—	$6.6M	—	as long as short
Variational Omni CC	+0.0100%	4h	0.1173	−0.467%	$583K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1172	−0.530%	$79K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1177	−0.126%	$6K	$36K	6.7x	as long as short
BloFin CC-USDTshort	+0.0340%	4h	0.1176	−0.182%	$587K	$106K	75x
GMX CC/USD [WBTC.b-USDC]	L +0.0444% / S −0.0239%	1h	0.1177	−0.055%	$44K	—	50x	as long as short
Backpack CC_USDC_PERP	+0.0511%	1h	0.1178	−0.038%	$15K	$22K	10x	as long as short
Hyperliquid CC	+0.0848%	1h	0.1180	+0.166%	$5.5M	$1.3M	3x	as long as short
Lighter CC	+0.1496%	1h	0.1182	+0.327%	$236K	$153K	5x	as long as short