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

CC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0240%/8h= −26.3% APRnext payment $1.20 per $10,000 · paid last 24h −0.072%
Price spread now: Gate against BloFin+0.201%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1771.767% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.348%−$35 on $10k
Price spread, last 4 days (all we have)−0.310%−$31 · spread now +0.201%, 7d avg −0.021%
Together, before fees−0.659%−$66 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.222% dearer against BloFin than usual: you sell high and buy low (spread +0.201% now, against its 7-day average of −0.021%): +$22 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin CC-USDT0.11920.0340pay 0.0170% / 4h3h 52m$606K$103K75x
ShortGate CC_USDT0.11950.0100get 0.0050% / 4h3h 52m$366K$168K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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
−$50.4
Price spread: +0.201% → −0.021%
$22.19
Slippage, 4 orders
−$149.68
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$204.89
Costs to cover
1.767%
Break-even
never at this rate
Slippage from BloFin: live order book, 24 min ago; Gate: live order book, 42 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 24 min ago1.26 bp14.0 bp −$1444.2 bp −$442doesn't fitdoesn't fit
Sell Gate live order book, 42 min ago10.92 bp41.6 bp −$42doesn't fitdoesn't fitdoesn't fit

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
Bybit CCUSDT−0.0152%4h0.1193+0.075%$11.0M$3.8M25xas long as short
MEXC CC_USDT−0.0016%4h0.1193+0.075%$1.8M$350K100xas long as short
Injective CC/USDC PERP+0.0033%1h0.1180−1.032%$402$3K5.5xas long as short
GRVT CC_USDT_Perp+0.0090%4h0.1194+0.175%$92K$3.0M10xas long as short
Paradex CC-USD-PERP+0.0099%8h0.1193+0.080%$1K5xas long as short
Aster CCUSDT+0.0100%4h0.1194+0.158%$35K$27K20xas long as short
Binance CCUSDT+0.0100%4h0.1193+0.092%$11.3M$12.0M75xas long as short
OKX CC-USDT-SWAP+0.0100%4h0.1193+0.084%$2.6M$3.0M20xas long as short
Gate CC_USDTshort+0.0100%4h0.1195+0.201%$366K$168K50x
KuCoin CCUSDTM+0.0100%4h0.1195+0.210%$493K$100K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CCUSDT+0.0100%4h0.1194+0.168%$928K$747K20xas long as short
BingX CC-USDT+0.0100%4h0.1193+0.084%$6.6Mas long as short
Backpack CC_USDC_PERP+0.0100%1h0.1193+0.092%$16K$22K10xas long as short
Variational Omni CC+0.0100%4h0.1196+0.323%$610K$55Kas long as short
Derive CC-PERP+0.0100%1h0.1195+0.200%$6K$33K6.7xas long as short
Hyperliquid CC+0.0217%1h0.1196+0.314%$5.6M$1.3M3xas long as short
BloFin CC-USDTlong+0.0340%4h0.1192long leg$606K$103K75x
GMX CC/USD [WBTC.b-USDC]L +0.0453% / S −0.0241%1h0.1194+0.154%$45K50xas long as short
Lighter CC+0.0744%1h0.1198+0.512%$255K$169K5xas long as short