Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.5% APRpaid last 24h +0.002%

Price spread now: Gate against Paradex+0.089%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 Gate

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.089% dearer against Paradex than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CC-USD-PERP	0.1166	0.0096	pay 0.0096% / 8h	59m 04s	$1K	—	5x
Short	Gate CC_USDT	0.1167	0.0100	get 0.0050% / 4h	59m 04s	$362K	$213K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.089%Rate

Funding earned: $0.93
Price spread: +0.089% → 0.000%: $8.9
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$9.17
Costs to cover: 0.190%
Break-even: 76.0 days

Slippage unknown: Paradex: no order-book sample; Gate: live order book, 16 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 Gate live order book, 16 min ago	10.77 bp	78.1 bp −$78	doesn't fit	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	−1.378%	$6K	$96	5.5x	as long as short
Paradex CC-USD-PERPlong	+0.0096%	8h	0.1166	long leg	$1K	—	5x
Aster CCUSDT	+0.0100%	4h	0.1167	+0.092%	$34K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1168	+0.174%	$11.0M	$11.1M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1168	+0.158%	$10.6M	$3.7M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1169	+0.295%	$2.5M	$3.4M	20x	as long as short
Gate CC_USDTshort	+0.0100%	4h	0.1167	+0.089%	$362K	$213K	50x
MEXC CC_USDT	+0.0100%	4h	0.1168	+0.183%	$1.7M	$308K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1169	+0.226%	$495K	$115K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1169	+0.218%	$932K	$788K	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	0.1168	+0.200%	—	$6.6M	—	as long as short
Variational Omni CC	+0.0100%	4h	0.1163	−0.276%	$579K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1164	−0.201%	$79K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1167	+0.088%	$6K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1164	−0.134%	$585K	$105K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0443% / S −0.0239%	1h	0.1168	+0.190%	$43K	—	50x	as long as short
Backpack CC_USDC_PERP	+0.0522%	1h	0.1169	+0.218%	$15K	$22K	10x	as long as short
Hyperliquid CC	+0.0773%	1h	0.1171	+0.423%	$5.5M	$1.3M	3x	as long as short
Lighter CC	+0.1432%	1h	0.1172	+0.552%	$234K	$153K	5x	as long as short