CC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0348%/8h= −38.1% APRnext payment −$0.43 per $10,000 · paid last 24h −0.091%

Price spread now: Backpack against GMX+0.008%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Backpack

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

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CC/USD [WBTC.b-USDC]	0.1172	L +0.0448% / S −0.0241%	pay 0.0056% / 1h	35m 02s	$44K	—	50x
Short	Backpack CC_USDC_PERP	0.1172	0.0100	get 0.0013% / 1h	35m 02s	$15K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GMX. 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 GMXbpFee BackpackbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$73.02
Price spread: +0.008% → 0.000%: $0.77
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$94.26
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Backpack: 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 GMX no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

GMX and Backpack: 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	+0.682%	$402	$3K	5.5x	as long as short
MEXC CC_USDT	−0.0230%	4h	0.1172	−0.018%	$1.6M	$313K	100x	as long as short
Bybit CCUSDT	−0.0226%	4h	0.1173	+0.050%	$10.7M	$3.9M	25x	as long as short
Paradex CC-USD-PERP	+0.0096%	8h	0.1170	−0.187%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1171	−0.113%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1172	+0.012%	$11.1M	$12.1M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1174	+0.170%	$2.6M	$3.4M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1170	−0.180%	$362K	$218K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1172	+0.016%	$482K	$121K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1173	+0.050%	$916K	$794K	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	0.1173	+0.076%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERPshort	+0.0100%	1h	0.1172	+0.008%	$15K	$22K	10x
Variational Omni CC	+0.0100%	4h	0.1171	−0.118%	$596K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1171	−0.102%	$88K	$2.4M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1170	−0.150%	$6K	$36K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1170	−0.146%	$593K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]long	L +0.0448% / S −0.0241%	1h	0.1172	long leg	$44K	—	50x
Hyperliquid CC	+0.0461%	1h	0.1176	+0.306%	$5.5M	$1.4M	3x	as long as short
Lighter CC	+0.0880%	1h	0.1177	+0.468%	$238K	$155K	5x	as long as short