Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0007%/8h= −0.8% APRpaid last 24h +0.025%

Price spread now: Paradex against MEXC−0.033%46s7-day average — · you buy dearer than you sell

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

Long on MEXC 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.033% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CC_USDT	0.1177	0.0100	pay 0.0050% / 4h	45m 00s	$1.8M	$368K	100x
Short	Paradex CC-USD-PERP	0.1177	0.0093	get 0.0093% / 8h	4h 45m	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against MEXC. 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 MEXCbpFee ParadexbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$1.52
Price spread: −0.033% → 0.000%: −$3.31
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$12.83
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 5 min ago	0.43 bp	4.0 bp −$4	65.9 bp −$659	236.8 bp −$23.7K	789.0 bp −$394.5K
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 exchanges

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	+0.0033%	1h	0.1180	+0.229%	$402	$3K	5.5x	as long as short
Paradex CC-USD-PERPshort	+0.0093%	8h	0.1177	−0.033%	$1K	—	5x
Hyperliquid CC	+0.0100%	1h	0.1179	+0.136%	$5.6M	$1.2M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1178	+0.042%	$35K	$20K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1178	+0.034%	$11.0M	$10.2M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1177	+0.008%	$11.0M	$3.1M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1178	+0.068%	$2.5M	$2.4M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1178	+0.051%	$362K	$124K	50x	as long as short
MEXC CC_USDTlong	+0.0100%	4h	0.1177	long leg	$1.8M	$368K	100x
KuCoin CCUSDTM	+0.0100%	4h	0.1179	+0.110%	$488K	$65K	50x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1178	+0.059%	$899K	$568K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1177	0.000%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1177	−0.034%	$16K	$17K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1177	−0.064%	$599K	$24K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1178	+0.074%	$84K	$3.5M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1176	−0.095%	$6K	$20K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1178	+0.034%	$608K	$80K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0448% / S −0.0241%	1h	0.1178	+0.043%	$44K	—	50x	as long as short
Lighter CC	+0.0936%	1h	0.1182	+0.442%	$259K	$157K	5x	as long as short