Funding arb · Price arb /

CC

all CC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0141%/8h= +15.5% APRpaid last 24h +0.035%

Price spread now: GMX against Gate+0.113%7-day average — · you sell dearer than you buy

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

Long on Gate 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 0.113% dearer against Gate than usual: you sell high and buy low: +$11 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	Gate CC_USDT	0.1173	0.0100	pay 0.0050% / 4h	1h 33m	$363K	$218K	50x
Short	GMX CC/USD [WBTC.b-USDC]	0.1174	L +0.0448% / S −0.0241%	get 0.0030% / 1h	33m 15s	$44K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now +0.113%Rate

Funding earned: $29.7
Price spread: +0.113% → 0.000%: $11.34
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $14.04
Costs to cover: 0.270%
Break-even: 3.7 days

Slippage unknown: Gate: live order book, 27 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 Gate live order book, 27 min ago	11.47 bp	43.0 bp −$43	doesn't fit	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	−0.4093%	1h	0.1180	+0.605%	$402	$3K	5.5x	as long as short
MEXC CC_USDT	−0.0212%	4h	0.1174	+0.077%	$1.6M	$313K	100x	as long as short
Bybit CCUSDT	−0.0196%	4h	0.1174	+0.111%	$10.7M	$3.9M	25x	as long as short
Paradex CC-USD-PERP	+0.0096%	8h	0.1174	+0.086%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1173	+0.037%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1174	+0.119%	$11.1M	$12.1M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1175	+0.179%	$2.6M	$3.4M	20x	as long as short
Gate CC_USDTlong	+0.0100%	4h	0.1173	long leg	$363K	$218K	50x
KuCoin CCUSDTM	+0.0100%	4h	0.1175	+0.205%	$484K	$121K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1174	+0.102%	$917K	$793K	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	+0.162%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1174	+0.094%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1171	−0.194%	$596K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1172	−0.094%	$88K	$2.4M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1173	−0.023%	$6K	$36K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1172	−0.034%	$595K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]short	L +0.0448% / S −0.0241%	1h	0.1174	+0.113%	$44K	—	50x
Hyperliquid CC	+0.0493%	1h	0.1176	+0.281%	$5.5M	$1.4M	3x	as long as short
Lighter CC	+0.0936%	1h	0.1179	+0.520%	$239K	$155K	5x	as long as short