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+0.0044%/8h= +4.8% APRnext payment +$0.22 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Gate+0.069%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$200as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$1991.993% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%−$1 on $10k
Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.069%, 7d avg +0.035%
Together, before fees+0.015%+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.034% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.035%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CC_USDT0.11600.0056pay 0.0028% / 4h1h 38m$359K$211K50x
ShortBinance CCUSDT0.11610.0100get 0.0050% / 4h1h 38m$11.0M$11.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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
$9.24
Price spread: +0.069% → +0.035%
$3.4
Slippage, 4 orders
−$174.27
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Binance: 5 bp × 2 orders
−$10
Net
−$186.62
Costs to cover
1.993%
Break-even
148.4 days
Slippage from Gate: live order book, 42 min ago; Binance: live order book, 2 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 Gate live order book, 42 min ago5.61 bp28.8 bp −$29doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 2 min ago2.16 bp26.9 bp −$2788.3 bp −$883483.1 bp −$48.3Kdoesn'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
Injective CC/USDC PERP−0.3951%1h0.1144−1.388%$6K$975.5xas long as short
Gate CC_USDTlong+0.0056%4h0.1160long leg$359K$211K50x
Paradex CC-USD-PERP+0.0089%8h0.1161+0.103%$1K5xas long as short
Hyperliquid CC+0.0100%1h0.1163+0.267%$5.4M$1.3M3xas long as short
Aster CCUSDT+0.0100%4h0.1161+0.077%$34K$39K20xas long as short
Binance CCUSDTshort+0.0100%4h0.1161+0.069%$11.0M$11.0M75x
Bybit CCUSDT+0.0100%4h0.1161+0.086%$10.5M$3.8M25xas long as short
OKX CC-USDT-SWAP+0.0100%4h0.1162+0.164%$2.5M$3.4M20xas long as short
MEXC CC_USDT+0.0100%4h0.1161+0.043%$1.6M$309K100xas long as short
KuCoin CCUSDTM+0.0100%4h0.1161+0.112%$492K$115K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CCUSDT+0.0100%4h0.1161+0.034%$930K$787K20xas long as short
BingX CC-USDT+0.0100%4h0.1162+0.138%$6.6Mas long as short
Backpack CC_USDC_PERP+0.0100%1h0.1160+0.009%$16K$22K10xas long as short
Variational Omni CC+0.0100%4h0.1157−0.249%$576K$43Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1158−0.186%$81K$2.3M10xas long as short
Derive CC-PERP+0.0100%1h0.1158−0.202%$7K$35K6.7xas long as short
BloFin CC-USDT+0.0340%4h0.1157−0.241%$582K$105K75xas long as short
GMX CC/USD [WBTC.b-USDC]L +0.0441% / S −0.0239%1h0.1161+0.105%$43K50xas long as short
Lighter CC+0.1256%1h0.1165+0.405%$234K$152K5xas long as short