Funding you earn now, next payment 09:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.072%
Price spread now: Backpack against BloFin+0.142%66s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 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
The price spread pays, funding is against you. Backpack is 0.142% dearer against BloFin than usual: you sell high and buy low (spread +0.142% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 47 hours. The two prices were read 66 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 | BloFin CC-USDT | 0.1195 | 0.0340 | pay 0.0170% / 4h | 3h 57m | $605K | $100K | 75x |
| Short | Backpack CC_USDC_PERP | 0.1196 | 0.0100 | get 0.0013% / 1h | 57m 39s | $16K | $23K | 10x |
BloFin CC-USDT
Backpack CC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$50.4
- Price spread: +0.142% → 0.000%
- $14.23
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$58.17
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 19 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 BloFin live order book, 19 min ago | 1.26 bp | 14.0 bp −$14 | 44.2 bp −$442 | 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 | +0.0033% | 1h | 0.1180 | −1.214% | $402 | $3K | 5.5x | as long as short |
| Paradex CC-USD-PERP | +0.0099% | 8h | 0.1196 | +0.103% | $1K | — | 5x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1197 | +0.193% | $35K | $27K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1195 | +0.051% | $11.3M | $12.0M | 75x | as long as short |
| Bybit CCUSDT | +0.0100% | 4h | 0.1196 | +0.142% | $11.0M | $3.7M | 25x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1197 | +0.218% | $2.6M | $3.0M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1196 | +0.084% | $366K | $168K | 50x | as long as short |
| MEXC CC_USDT | +0.0100% | 4h | 0.1195 | +0.067% | $1.8M | $350K | 100x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1197 | +0.251% | $494K | $100K | 50x | as long as short |
| Bitget CCUSDT | +0.0100% | 4h | 0.1197 | +0.167% | $929K | $747K | 20x | as long as short |
Injective CC/USDC PERP
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
Bybit CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
MEXC CC_USDT
KuCoin CCUSDTM
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDT | +0.0100% | 4h | 0.1196 | +0.117% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERPshort | +0.0100% | 1h | 0.1196 | +0.142% | $16K | $23K | 10x | |
| Variational Omni CC | +0.0100% | 4h | 0.1196 | +0.137% | $609K | $55K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1196 | +0.132% | $80K | $3.0M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1195 | +0.027% | $6K | $33K | 6.7x | as long as short |
| Hyperliquid CC | +0.0190% | 1h | 0.1198 | +0.326% | $5.6M | $1.4M | 3x | as long as short |
| BloFin CC-USDTlong | +0.0340% | 4h | 0.1195 | long leg | $605K | $100K | 75x | |
| GMX CC/USD [WBTC.b-USDC] | L +0.0454% / S −0.0241% | 1h | 0.1197 | +0.218% | $45K | — | 50x | as long as short |
| Lighter CC | +0.0880% | 1h | 0.1200 | +0.460% | $256K | $169K | 5x | as long as short |
BingX CC-USDT
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
Hyperliquid CC
GMX CC/USD [WBTC.b-USDC]
Lighter CC