Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Derive−0.004%7-day average — · you buy dearer than you sell

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

Long on Derive Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 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	Derive CC-PERP	0.1173	0.0100	pay 0.0013% / 1h	0m 00s	$6K	$35K	6.7x
Short	Gate CC_USDT	0.1173	0.0100	get 0.0050% / 4h	0m 00s	$363K	$217K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Derive. 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 DerivebpFee GatebpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → 0.000%: −$0.35
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$21.35
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Gate: live order book, 55 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Gate live order book, 55 min ago	9.42 bp	49.7 bp −$50	doesn't fit	doesn't fit	doesn't fit

Derive: 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	−0.3024%	1h	0.1180	+0.585%	$402	$3K	5.5x	as long as short
MEXC CC_USDT	−0.0192%	4h	0.1173	−0.004%	$1.7M	$333K	100x	as long as short
Bybit CCUSDT	−0.0189%	4h	0.1173	−0.004%	$10.7M	$3.8M	25x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1174	+0.105%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1175	+0.167%	$5.5M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1174	+0.081%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1173	+0.020%	$11.1M	$12.1M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1174	+0.107%	$2.5M	$3.2M	20x	as long as short
Gate CC_USDTshort	+0.0100%	4h	0.1173	−0.004%	$363K	$217K	50x
KuCoin CCUSDTM	+0.0100%	4h	0.1175	+0.124%	$484K	$122K	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	0.1173	+0.022%	$918K	$780K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1173	+0.014%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1173	+0.014%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1171	−0.221%	$596K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1170	−0.246%	$84K	$2.5M	10x	as long as short
Derive CC-PERPlong	+0.0100%	1h	0.1173	long leg	$6K	$35K	6.7x
BloFin CC-USDT	+0.0340%	4h	0.1170	−0.276%	$595K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0448% / S −0.0241%	1h	0.1175	+0.120%	$44K	—	50x	as long as short
Lighter CC	+0.0712%	1h	0.1180	+0.576%	$244K	$160K	5x	as long as short