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

CC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h −0.002%
Price spread now: Paradex against Bybit+0.045%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 4 days (all we have)no history yet
Price spread, last 7 daysno 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: Paradex is 0.045% dearer against Bybit 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
LongBybit CCUSDT0.11610.0100pay 0.0050% / 4h1h 06m$10.5M$3.8M25x
ShortParadex CC-USD-PERP0.11610.0095get 0.0095% / 8h1h 06m$1K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Bybit. 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
−$1.09
Price spread: +0.045% → 0.000%
$4.52
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$11.57
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 7 min ago; Paradex: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 7 min ago3.45 bp34.2 bp −$34385.9 bp −$3,859doesn't fitdoesn't fit
Sell Paradex no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective CC/USDC PERP−0.3951%1h0.1150−0.939%$6K$1005.5xas long as short
Paradex CC-USD-PERPshort+0.0095%8h0.1161+0.045%$1K5x
Aster CCUSDT+0.0100%4h0.1161+0.019%$34K$39K20xas long as short
Binance CCUSDT+0.0100%4h0.1161−0.005%$11.0M$11.1M75xas long as short
Bybit CCUSDTlong+0.0100%4h0.1161long leg$10.5M$3.8M25x
OKX CC-USDT-SWAP+0.0100%4h0.1162+0.129%$2.5M$3.4M20xas long as short
Gate CC_USDT+0.0100%4h0.1160−0.095%$360K$213K50xas long as short
MEXC CC_USDT+0.0100%4h0.1161−0.009%$1.6M$316K100xas long as short
KuCoin CCUSDTM+0.0100%4h0.1162+0.129%$492K$115K50xas long as short
Bitget CCUSDT+0.0100%4h0.1162+0.095%$927K$788K20xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CC-USDT+0.0100%4h0.1161−0.026%$6.6Mas long as short
Backpack CC_USDC_PERP+0.0100%1h0.1161+0.017%$15K$22K10xas long as short
Variational Omni CC+0.0100%4h0.1161−0.018%$578K$43Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1162+0.095%$78K$2.3M10xas long as short
Derive CC-PERP+0.0100%1h0.1160−0.087%$5K$35K6.7xas long as short
Hyperliquid CC+0.0296%1h0.1163+0.207%$5.4M$1.3M3xas long as short
BloFin CC-USDT+0.0340%4h0.1160−0.043%$583K$105K75xas long as short
GMX CC/USD [WBTC.b-USDC]L +0.0442% / S −0.0239%1h0.1161+0.049%$43K50xas long as short
Lighter CC+0.1232%1h0.1166+0.422%$234K$152K5xas long as short