Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.072%

Price spread now: Derive against BloFin+0.110%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Derive

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—needs both histories

The price spread pays, funding is against you. Derive is 0.110% dearer against BloFin than usual: you sell high and buy low (spread +0.110% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CC-USDT	0.1174	0.0340	pay 0.0170% / 4h	1h 11m	$595K	$98K	75x
Short	Derive CC-PERP	0.1175	0.0100	get 0.0013% / 1h	11m 16s	$6K	$36K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against BloFin. 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 BloFinbpFee DerivebpOrdersPrice spread, now +0.110%Rate

Funding earned: −$50.4
Price spread: +0.110% → 0.000%: $11.04
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: −$57.36
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 30 min ago; Derive: 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 BloFin live order book, 30 min ago	3.42 bp	18.1 bp −$18	42.6 bp −$426	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	−0.4093%	1h	0.1180	+0.545%	$402	$3K	5.5x	as long as short
Bybit CCUSDT	−0.0112%	4h	0.1175	+0.153%	$10.7M	$3.8M	25x	as long as short
MEXC CC_USDT	−0.0106%	4h	0.1175	+0.153%	$1.7M	$324K	100x	as long as short
Paradex CC-USD-PERP	+0.0097%	8h	0.1175	+0.089%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1175	+0.087%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1176	+0.170%	$11.1M	$12.1M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1177	+0.273%	$2.6M	$3.4M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1177	+0.256%	$364K	$218K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1177	+0.247%	$485K	$122K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1176	+0.239%	$922K	$787K	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	0.1175	+0.153%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1174	+0.051%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1180	+0.521%	$601K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1178	+0.400%	$87K	$2.4M	10x	as long as short
Derive CC-PERPshort	+0.0100%	1h	0.1175	+0.110%	$6K	$36K	6.7x
Hyperliquid CC	+0.0281%	1h	0.1178	+0.366%	$5.5M	$1.4M	3x	as long as short
BloFin CC-USDTlong	+0.0340%	4h	0.1174	long leg	$595K	$98K	75x
GMX CC/USD [WBTC.b-USDC]	L +0.0448% / S −0.0241%	1h	0.1176	+0.216%	$44K	—	50x	as long as short
Lighter CC	+0.1040%	1h	0.1181	+0.665%	$244K	$160K	5x	as long as short