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

CC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Backpack+0.051%7-day average · you sell dearer than you buy
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.051% dearer against Backpack than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack CC_USDC_PERP0.11790.0100pay 0.0013% / 1h28m 10s$15K$22K10x
ShortBingX CC-USDT0.11800.0100get 0.0050% / 4h2h 28m$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Backpack. 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
Price spread: +0.051% → 0.000%
$5.09
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$14.91
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Backpack: no order-book sample; BingX: live order book, 4 min ago. 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 Backpack no order-book sample
Sell BingX live order book, 4 min ago5.10 bp21.2 bp −$2178.7 bp −$787360.3 bp −$36.0K1085.2 bp −$542.6K
Backpack: 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 18 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−0.3556%1h0.1161−1.543%$6K$995.5xas long as short
MEXC CC_USDT−0.0142%4h0.11790.000%$1.6M$314K100xas long as short
Bybit CCUSDT−0.0127%4h0.1179+0.017%$10.7M$3.9M25xas long as short
Paradex CC-USD-PERP+0.0088%8h0.1178−0.072%$1K5xas long as short
Aster CCUSDT+0.0100%4h0.1179−0.032%$35K$39K20xas long as short
Binance CCUSDT+0.0100%4h0.11790.000%$11.1M$12.0M75xas long as short
OKX CC-USDT-SWAP+0.0100%4h0.1181+0.110%$2.6M$3.6M20xas long as short
Gate CC_USDT+0.0100%4h0.1178−0.068%$366K$219K50xas long as short
KuCoin CCUSDTM+0.0100%4h0.1180+0.093%$485K$122K50xas long as short
Bitget CCUSDT+0.0100%4h0.1181+0.110%$935K$800K20xas long as short
Show all 18 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CC-USDTshort+0.0100%4h0.1180+0.051%$6.6M
Backpack CC_USDC_PERPlong+0.0100%1h0.1179long leg$15K$22K10x
Variational Omni CC+0.0100%4h0.1176−0.304%$600K$55Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1176−0.257%$79K$2.3M10xas long as short
Derive CC-PERP+0.0100%1h0.1178−0.081%$6K$36K6.7xas long as short
Hyperliquid CC+0.0114%1h0.1182+0.246%$5.5M$1.4M3xas long as short
GMX CC/USD [WBTC.b-USDC]L +0.0449% / S −0.0241%1h0.1179−0.013%$44K50xas long as short
Lighter CC+0.0784%1h0.1184+0.441%$239K$155K5xas long as short