Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0240%/8hnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against Binance+0.044%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$830.835% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.306%+$31 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.044%, 7d avg +0.002%

Together, before fees+0.306%+$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.042% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CCUSDT	0.1161	0.0100	pay 0.0050% / 4h	6m 41s	$11.2M	$9.8M	75x
Short	BloFin CC-USDT	0.1161	0.0340	get 0.0170% / 4h	6m 41s	$595K	$103K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now +0.044%Rate

Funding earned: $50.4
Price spread: +0.044% → +0.002%: $4.17
Slippage, 4 orders: −$61.48
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$28.91
Costs to cover: 0.835%
Break-even: 11.0 days

Slippage from Binance: live order book, 8 min ago; BloFin: live order book, 23 min ago.

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 Binance live order book, 8 min ago	2.59 bp	22.0 bp −$22	94.0 bp −$940	doesn't fit	doesn't fit
Sell BloFin live order book, 23 min ago	6.54 bp	15.8 bp −$16	41.7 bp −$417	doesn't fit	doesn't fit

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	−0.3608%	1h	0.1151	−0.827%	$6K	$100	5.5x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1161	+0.047%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1163	+0.231%	$5.4M	$1.1M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1161	+0.064%	$36K	$33K	20x	as long as short
Binance CCUSDTlong	+0.0100%	4h	0.1161	long leg	$11.2M	$9.8M	75x
Bybit CCUSDT	+0.0100%	4h	0.1160	−0.025%	$10.3M	$3.4M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1161	+0.044%	$2.5M	$3.2M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1161	+0.061%	$362K	$203K	50x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1161	+0.001%	$1.7M	$300K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1162	+0.095%	$486K	$108K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1161	+0.018%	$987K	$705K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1161	+0.018%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1161	+0.044%	$18K	$19K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1161	+0.039%	$579K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1162	+0.147%	$81K	$2.0M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1160	−0.036%	$5K	$31K	6.7x	as long as short
BloFin CC-USDTshort	+0.0340%	4h	0.1161	+0.044%	$595K	$103K	75x
GMX CC/USD [WBTC.b-USDC]	L +0.0441% / S −0.0239%	1h	0.1162	+0.086%	$43K	—	50x	as long as short
Lighter CC	+0.1408%	1h	0.1165	+0.406%	$234K	$151K	5x	as long as short