Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +1.143%

Price spread now: Paradex against Injective−0.340%7-day average — · you buy dearer than you sell

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

Long on Injective 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

Funding pays, the price is against you. Paradex is 0.340% cheaper against Injective than usual: you would sell low and buy high (spread −0.340% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 17 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective CC/USDC PERP	0.1180	0.0033	pay 0.0004% / 1h	23m 10s	$402	$3K	5.5x
Short	Paradex CC-USD-PERP	0.1176	0.0100	get 0.0100% / 8h	3h 23m	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Injective. 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 InjectivebpFee ParadexbpOrdersPrice spread, now −0.340%Rate

Funding earned: $13.97
Price spread: −0.340% → 0.000%: −$34.03
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$24.08
Costs to cover: 0.040%
Break-even: 19.1 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Injective 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
Bybit CCUSDT	−0.0276%	4h	0.1176	−0.331%	$10.8M	$3.8M	25x	as long as short
MEXC CC_USDT	−0.0264%	4h	0.1176	−0.356%	$1.7M	$332K	100x	as long as short
Injective CC/USDC PERPlong	+0.0033%	1h	0.1180	long leg	$402	$3K	5.5x
Paradex CC-USD-PERPshort	+0.0100%	8h	0.1176	−0.340%	$1K	—	5x
Aster CCUSDT	+0.0100%	4h	0.1177	−0.272%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1176	−0.364%	$11.1M	$11.8M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1177	−0.237%	$2.6M	$3.1M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1176	−0.356%	$365K	$209K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1178	−0.186%	$485K	$104K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1178	−0.186%	$923K	$771K	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	0.1176	−0.305%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1176	−0.356%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1176	−0.319%	$600K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1177	−0.246%	$88K	$2.6M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1175	−0.439%	$6K	$33K	6.7x	as long as short
Hyperliquid CC	+0.0143%	1h	0.1179	−0.102%	$5.5M	$1.3M	3x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1176	−0.339%	$593K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0449% / S −0.0241%	1h	0.1177	−0.287%	$44K	—	50x	as long as short
Lighter CC	+0.0872%	1h	0.1182	+0.186%	$253K	$168K	5x	as long as short