Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −1.102%

Price spread now: Injective against Gate−0.144%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Injective

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.144% cheaper against Gate than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CC_USDT	0.1182	0.0100	pay 0.0050% / 4h	2h 18m	$363K	$209K	50x
Short	Injective CC/USDC PERP	0.1180	0.0033	get 0.0004% / 1h	18m 34s	$402	$3K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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

Position, each leg$Hold fordaysFee GatebpFee InjectivebpOrdersPrice spread, now −0.144%Rate

Funding earned: −$14
Price spread: −0.144% → 0.000%: −$14.39
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$43.41
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 27 min ago; Injective: 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 Gate live order book, 27 min ago	9.34 bp	110.1 bp −$110	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Bybit CCUSDT	−0.0385%	4h	0.1183	+0.102%	$10.8M	$3.8M	25x	as long as short
MEXC CC_USDT	−0.0384%	4h	0.1183	+0.085%	$1.8M	$343K	100x	as long as short
Injective CC/USDC PERPshort	+0.0033%	1h	0.1180	−0.144%	$402	$3K	5.5x
Paradex CC-USD-PERP	+0.0085%	8h	0.1183	+0.120%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1185	+0.262%	$5.5M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1183	+0.110%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1182	+0.059%	$11.1M	$11.9M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1184	+0.186%	$2.6M	$3.1M	20x	as long as short
Gate CC_USDTlong	+0.0100%	4h	0.1182	long leg	$363K	$209K	50x
KuCoin CCUSDTM	+0.0100%	4h	0.1183	+0.118%	$488K	$104K	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	0.1182	+0.042%	$925K	$770K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1183	+0.102%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1184	+0.178%	$15K	$23K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1177	−0.436%	$600K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1173	−0.694%	$81K	$2.7M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1183	+0.133%	$6K	$33K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1182	+0.042%	$599K	$99K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0452% / S −0.0241%	1h	0.1185	+0.272%	$44K	—	50x	as long as short
Lighter CC	+0.0664%	1h	0.1189	+0.592%	$255K	$170K	5x	as long as short