Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0139%/8h= +15.2% APRpaid last 24h +0.034%

Price spread now: GMX against Binance+0.102%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.102% dearer against Binance than usual: you sell high and buy low: +$10 more if the spread 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	Binance CCUSDT	0.1158	0.0100	pay 0.0050% / 4h	2h 08m	$11.0M	$10.9M	75x
Short	GMX CC/USD [WBTC.b-USDC]	0.1159	L +0.0440% / S −0.0239%	get 0.0030% / 1h	8m 29s	$43K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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

Position, each leg$Hold fordaysFee BinancebpFee GMXbpOrdersPrice spread, now +0.102%Rate

Funding earned: $29.1
Price spread: +0.102% → 0.000%: $10.19
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $17.29
Costs to cover: 0.220%
Break-even: 2.8 days

Slippage unknown: Binance: live order book, 2 min ago; GMX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 2 min ago	1.29 bp	16.5 bp −$16	76.4 bp −$764	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.3670%	1h	0.1146	−1.045%	$6K	$100	5.5x	as long as short
Gate CC_USDT	+0.0056%	4h	0.1158	−0.009%	$360K	$208K	50x	as long as short
Paradex CC-USD-PERP	+0.0097%	8h	0.1159	+0.038%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1158	+0.018%	$34K	$39K	20x	as long as short
Binance CCUSDTlong	+0.0100%	4h	0.1158	long leg	$11.0M	$10.9M	75x
Bybit CCUSDT	+0.0100%	4h	0.1158	+0.009%	$10.5M	$3.7M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1158	+0.035%	$2.5M	$3.3M	20x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1158	−0.017%	$1.7M	$298K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1159	+0.121%	$489K	$114K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1158	−0.017%	$929K	$791K	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	0.1159	+0.043%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1159	+0.052%	$16K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1159	+0.045%	$577K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1160	+0.134%	$86K	$2.2M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1157	−0.059%	$7K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1159	+0.095%	$585K	$104K	75x	as long as short
Hyperliquid CC	+0.0424%	1h	0.1161	+0.207%	$5.4M	$1.3M	3x	as long as short
GMX CC/USD [WBTC.b-USDC]short	L +0.0440% / S −0.0239%	1h	0.1159	+0.102%	$43K	—	50x
Lighter CC	+0.1136%	1h	0.1163	+0.449%	$232K	$161K	5x	as long as short