Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h +0.002%

Price spread now: OKX against Paradex+0.095%50s7-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 OKX

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: OKX is 0.095% 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). The two prices were read 50 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	0.1161	0.0094	pay 0.0094% / 8h	1h 10m	$1K	—	5x
Short	OKX CC-USDT-SWAP	0.1162	0.0100	get 0.0050% / 4h	1h 10m	$2.5M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.095%Rate

Funding earned: $1.23
Price spread: +0.095% → 0.000%: $9.47
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$3.3
Costs to cover: 0.140%
Break-even: 25.8 days

Slippage unknown: Paradex: no order-book sample; OKX: 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 OKX live order book, 1 min ago	1.29 bp	22.0 bp −$22	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	−0.3951%	1h	0.1150	−0.930%	$6K	$100	5.5x	as long as short
Paradex CC-USD-PERPlong	+0.0094%	8h	0.1161	long leg	$1K	—	5x
Aster CCUSDT	+0.0100%	4h	0.1162	+0.063%	$34K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1161	+0.017%	$10.9M	$11.1M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1161	−0.009%	$10.5M	$3.8M	25x	as long as short
OKX CC-USDT-SWAPshort	+0.0100%	4h	0.1162	+0.095%	$2.5M	$3.4M	20x
Gate CC_USDT	+0.0100%	4h	0.1161	0.000%	$360K	$213K	50x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1161	+0.009%	$1.7M	$314K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1163	+0.155%	$492K	$115K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1162	+0.129%	$927K	$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	0.1161	0.000%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1161	+0.026%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1160	−0.030%	$579K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1162	+0.069%	$78K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1160	−0.055%	$7K	$35K	6.7x	as long as short
Hyperliquid CC	+0.0270%	1h	0.1164	+0.266%	$5.4M	$1.4M	3x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1160	−0.069%	$581K	$105K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0442% / S −0.0239%	1h	0.1162	+0.076%	$43K	—	50x	as long as short
Lighter CC	+0.1256%	1h	0.1166	+0.465%	$234K	$152K	5x	as long as short