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

CC

all CC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Binance+0.230%71s7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$830.828% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.332%+$33 on $10k
Price spread, last 3 days (all we have)−0.187%−$19 · spread now +0.230%, 7d avg +0.002%
Together, before fees+0.145%+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.228% dearer against Binance than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.002%. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance CCUSDT0.11720.0100pay 0.0050% / 4h2h 48m$11.1M$12.0M75x
ShortBloFin CC-USDT0.11740.0340get 0.0170% / 4h2h 48m$599K$101K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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
$50.4
Price spread: +0.230% → +0.002%
$22.77
Slippage, 4 orders
−$60.8
Fee Binance: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$9.63
Costs to cover
0.828%
Break-even
8.3 days
Slippage from Binance: live order book, 7 min ago; BloFin: live order book, 18 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 7 min ago2.13 bp19.5 bp −$2072.4 bp −$724doesn't fitdoesn't fit
Sell BloFin live order book, 18 min ago0.84 bp23.1 bp −$2363.6 bp −$636doesn't fitdoesn't fit

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−0.3556%1h0.1159−1.076%$6K$975.5xas long as short
Bybit CCUSDT−0.0410%4h0.1172+0.051%$10.6M$3.9M25xas long as short
MEXC CC_USDT−0.0410%4h0.1171−0.018%$1.6M$313K100xas long as short
Paradex CC-USD-PERP+0.0082%8h0.1173+0.088%$1K5xas long as short
Gate CC_USDT+0.0090%4h0.1171−0.035%$364K$216K50xas long as short
Hyperliquid CC+0.0100%1h0.1174+0.196%$5.5M$1.4M3xas long as short
Aster CCUSDT+0.0100%4h0.1173+0.120%$35K$39K20xas long as short
Binance CCUSDTlong+0.0100%4h0.1172long leg$11.1M$12.0M75x
OKX CC-USDT-SWAP+0.0100%4h0.1173+0.102%$2.5M$3.6M20xas long as short
KuCoin CCUSDTM+0.0100%4h0.1173+0.162%$498K$121K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CCUSDT+0.0100%4h0.1173+0.153%$929K$804K20xas long as short
BingX CC-USDT+0.0100%4h0.1172+0.076%$6.6Mas long as short
Backpack CC_USDC_PERP+0.0100%1h0.1172−0.001%$15K$22K10xas long as short
Variational Omni CC+0.0100%4h0.1172+0.056%$597K$55Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1175+0.299%$81K$2.3M10xas long as short
Derive CC-PERP+0.0100%1h0.1171−0.071%$6K$36K6.7xas long as short
Lighter CC+0.0312%1h0.1176+0.349%$233K$150K5xas long as short
BloFin CC-USDTshort+0.0340%4h0.1174+0.230%$599K$101K75x
GMX CC/USD [WBTC.b-USDC]L +0.0448% / S −0.0241%1h0.1172+0.040%$44K50xas long as short