Settings8H · net · $10k
Funding arb · Price arb /

CC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.004%
Price spread now: Derive against Paradex−0.154%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.154% cheaper against Paradex than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex CC-USD-PERP0.11880.0098pay 0.0098% / 8h7h 41m$1K5x
ShortDerive CC-PERP0.11860.0100get 0.0013% / 1h41m 18s$6K$36K6.7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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

Funding earned
$0.37
Price spread: −0.154% → 0.000%
−$15.38
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Derive: 3 bp × 2 orders
−$6
Net
−$25.01
Costs to cover
0.100%
Break-even
482.1 days
Slippage unknown: Paradex: no order-book sample; Derive: 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
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell Derive no order-book sample
Paradex and Derive: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective CC/USDC PERP−0.4522%1h0.1170−1.529%$6K$975.5xas long as short
MEXC CC_USDT−0.0630%4h0.1187−0.082%$1.7M$313K100xas long as short
Bybit CCUSDT−0.0591%4h0.1188−0.048%$10.8M$3.8M25xas long as short
Paradex CC-USD-PERPlong+0.0098%8h0.1188long leg$1K5x
Hyperliquid CC+0.0100%1h0.1190+0.140%$5.5M$1.4M3xas long as short
Aster CCUSDT+0.0100%4h0.1188−0.013%$35K$38K20xas long as short
Binance CCUSDT+0.0100%4h0.1187−0.065%$11.2M$11.4M75xas long as short
OKX CC-USDT-SWAP+0.0100%4h0.1188+0.019%$2.6M$3.6M20xas long as short
Gate CC_USDT+0.0100%4h0.1186−0.166%$366K$212K50xas long as short
KuCoin CCUSDTM+0.0100%4h0.1189+0.053%$505K$117K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CCUSDT+0.0100%4h0.1189+0.053%$948K$790K20xas long as short
BingX CC-USDT+0.0100%4h0.1187−0.065%$6.6Mas long as short
Backpack CC_USDC_PERP+0.0100%1h0.1187−0.098%$16K$22K10xas long as short
Variational Omni CC+0.0100%4h0.1188−0.009%$605K$55Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1187−0.125%$92K$2.3M10xas long as short
Derive CC-PERPshort+0.0100%1h0.1186−0.154%$6K$36K6.7x
BloFin CC-USDT+0.0340%4h0.1187−0.115%$592K$106K75xas long as short
GMX CC/USD [WBTC.b-USDC]L +0.0449% / S −0.0241%1h0.1188−0.002%$44K50xas long as short
Lighter CC+0.0880%1h0.1192+0.348%$237K$152K5xas long as short