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

CC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.3% APRpaid last 24h +0.003%
Price spread now: Paradex against Derive+0.067%7-day average · you sell dearer than you buy
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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.067% dearer against Derive than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDerive CC-PERP0.11770.0100pay 0.0013% / 1h27m 08s$6K$36K6.7x
ShortParadex CC-USD-PERP0.11780.0098get 0.0098% / 8h27m 08s$1K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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

Funding earned
−$0.48
Price spread: +0.067% → 0.000%
$6.74
Slippage, 4 orders
no order book: not counted
Fee Derive: 3 bp × 2 orders
−$6
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$3.74
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Derive: no order-book sample; Paradex: 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 Derive no order-book sample
Sell Paradex no order-book sample
Derive and Paradex: 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−0.3320%1h0.1164−1.144%$6K$995.5xas long as short
Paradex CC-USD-PERPshort+0.0098%8h0.1178+0.067%$1K5x
Aster CCUSDT+0.0100%4h0.1180+0.190%$35K$38K20xas long as short
Binance CCUSDT+0.0100%4h0.1177−0.014%$11.1M$11.1M75xas long as short
Bybit CCUSDT+0.0100%4h0.1178+0.037%$10.7M$3.8M25xas long as short
OKX CC-USDT-SWAP+0.0100%4h0.1179+0.139%$2.5M$3.5M20xas long as short
Gate CC_USDT+0.0100%4h0.1179+0.096%$364K$214K50xas long as short
MEXC CC_USDT+0.0100%4h0.1178+0.011%$1.6M$315K100xas long as short
KuCoin CCUSDTM+0.0100%4h0.1180+0.181%$499K$116K50xas long as short
Bitget CCUSDT+0.0100%4h0.1180+0.190%$942K$788K20xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CC-USDT+0.0100%4h0.1178+0.045%$6.6Mas long as short
Variational Omni CC+0.0100%4h0.1179+0.148%$586K$43Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1180+0.181%$82K$2.3M10xas long as short
Derive CC-PERPlong+0.0100%1h0.1177long leg$6K$36K6.7x
Backpack CC_USDC_PERP+0.0191%1h0.1178+0.062%$15K$22K10xas long as short
BloFin CC-USDT+0.0340%4h0.1179+0.147%$591K$107K75xas long as short
GMX CC/USD [WBTC.b-USDC]L +0.0447% / S −0.0241%1h0.1179+0.105%$44K50xas long as short
Hyperliquid CC+0.0620%1h0.1180+0.249%$5.5M$1.4M3xas long as short
Lighter CC+0.1168%1h0.1183+0.436%$236K$154K5xas long as short