Funding arb · Price arb /

CC

all CC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0017%/8h= −1.9% APRpaid last 24h +0.004%

Price spread now: Paradex against Derive+0.020%7-day average — · you sell dearer than you buy

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

Long on Derive Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive CC-PERP	0.1169	0.0100	pay 0.0013% / 1h	45m 10s	$6K	$36K	6.7x
Short	Paradex CC-USD-PERP	0.1169	0.0083	get 0.0083% / 8h	6h 45m	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Derive. 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 DerivebpFee ParadexbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$3.62
Price spread: +0.020% → 0.000%: $1.97
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$11.66
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Derive no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Derive and 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective CC/USDC PERP	−0.3556%	1h	0.1159	−0.857%	$6K	$97	5.5x	as long as short
MEXC CC_USDT	−0.0412%	4h	0.1170	+0.075%	$1.6M	$313K	100x	as long as short
Bybit CCUSDT	−0.0378%	4h	0.1171	+0.126%	$10.6M	$3.9M	25x	as long as short
Paradex CC-USD-PERPshort	+0.0083%	8h	0.1169	+0.020%	$1K	—	5x
Hyperliquid CC	+0.0100%	1h	0.1172	+0.297%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1171	+0.179%	$35K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1170	+0.101%	$11.0M	$12.0M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1171	+0.169%	$2.5M	$3.6M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1169	+0.007%	$364K	$216K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1171	+0.161%	$497K	$121K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1171	+0.135%	$927K	$804K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1171	+0.143%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1170	+0.075%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1171	+0.201%	$597K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1172	+0.280%	$81K	$2.3M	10x	as long as short
Derive CC-PERPlong	+0.0100%	1h	0.1169	long leg	$6K	$36K	6.7x
BloFin CC-USDT	+0.0340%	4h	0.1174	+0.451%	$599K	$101K	75x	as long as short
Lighter CC	+0.0440%	1h	0.1175	+0.503%	$232K	$150K	5x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0447% / S −0.0241%	1h	0.1171	+0.134%	$44K	—	50x	as long as short