Settings8H · net · $10k
Funding arb · Price arb /

CC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h −0.001%
Price spread now: Backpack against Aster−0.086%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.086% cheaper against Aster than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster CCUSDT0.11500.0100pay 0.0050% / 4h37m 57s$36K$33K20x
ShortBackpack CC_USDC_PERP0.11490.0100get 0.0013% / 1h37m 57s$15K$17K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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

Funding earned
$0
Price spread: −0.086% → 0.000%
−$8.56
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$26.56
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Backpack no order-book sample
Aster 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective CC/USDC PERP−0.3608%1h0.1136−1.207%$6K$985.5xas long as short
Paradex CC-USD-PERP+0.0096%8h0.1149−0.056%$1K5xas long as short
Hyperliquid CC+0.0100%1h0.1151+0.062%$5.3M$1.1M3xas long as short
Aster CCUSDTlong+0.0100%4h0.1150long leg$36K$33K20x
Binance CCUSDT+0.0100%4h0.1149−0.112%$11.1M$9.7M75xas long as short
Bybit CCUSDT+0.0100%4h0.1148−0.120%$10.2M$3.4M25xas long as short
OKX CC-USDT-SWAP+0.0100%4h0.1149−0.060%$2.5M$3.1M20xas long as short
Gate CC_USDT+0.0100%4h0.1148−0.199%$357K$199K50xas long as short
MEXC CC_USDT+0.0100%4h0.1149−0.103%$1.7M$280K100xas long as short
KuCoin CCUSDTM+0.0100%4h0.1150−0.025%$475K$106K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CCUSDT+0.0100%4h0.1148−0.138%$981K$696K20xas long as short
BingX CC-USDT+0.0100%4h0.1149−0.094%$6.6Mas long as short
Backpack CC_USDC_PERPshort+0.0100%1h0.1149−0.086%$15K$17K10x
Variational Omni CC+0.0100%4h0.1149−0.046%$572K$43Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1150−0.025%$77K$1.9M10xas long as short
Derive CC-PERP+0.0100%1h0.1148−0.151%$5K$31K6.7xas long as short
BloFin CC-USDT+0.0340%4h0.1149−0.086%$596K$101K75xas long as short
GMX CC/USD [WBTC.b-USDC]L +0.0439% / S −0.0239%1h0.1149−0.055%$43K50xas long as short
Lighter CC+0.1392%1h0.1154+0.332%$231K$148K5xas long as short