Funding arb · Price arb /

CC

all CC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Backpack against OKX0.000%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CC-USDT-SWAP	0.1164	0.0100	pay 0.0050% / 4h	2h 24m	$2.5M	$3.4M	20x
Short	Backpack CC_USDC_PERP	0.1164	0.0100	get 0.0013% / 1h	24m 39s	$17K	$22K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against OKX. 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 OKXbpFee BackpackbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$20
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 min ago; 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 OKX live order book, 3 min ago	0.86 bp	25.2 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

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	−0.3670%	1h	0.1152	−1.022%	$6K	$99	5.5x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1163	−0.054%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1166	+0.145%	$35K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1163	−0.052%	$11.0M	$10.9M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1164	−0.017%	$10.5M	$3.7M	25x	as long as short
OKX CC-USDT-SWAPlong	+0.0100%	4h	0.1164	long leg	$2.5M	$3.4M	20x
Gate CC_USDT	+0.0100%	4h	0.1163	−0.069%	$362K	$207K	50x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1163	−0.043%	$1.7M	$297K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1166	+0.137%	$492K	$115K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1164	+0.009%	$937K	$790K	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	0.1163	−0.034%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERPshort	+0.0100%	1h	0.1164	0.000%	$17K	$22K	10x
Variational Omni CC	+0.0100%	4h	0.1164	+0.035%	$580K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1164	+0.034%	$86K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1163	−0.068%	$7K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1164	0.000%	$587K	$105K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0441% / S −0.0239%	1h	0.1164	+0.051%	$43K	—	50x	as long as short
Hyperliquid CC	+0.0568%	1h	0.1166	+0.180%	$5.4M	$1.3M	3x	as long as short
Lighter CC	+0.1256%	1h	0.1168	+0.378%	$233K	$160K	5x	as long as short