Funding arb · Price arb /

CC

all CC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0349%/8h= −38.2% APRpaid last 24h −0.104%

Price spread now: Binance against GMX+0.076%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Binance

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

The price spread pays, funding is against you. Binance is 0.076% dearer against GMX than usual: you sell high and buy low (spread +0.076% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX CC/USD [WBTC.b-USDC]	0.1180	L +0.0449% / S −0.0241%	pay 0.0056% / 1h	9m 53s	$44K	—	50x
Short	Binance CCUSDT	0.1181	0.0100	get 0.0050% / 4h	9m 53s	$11.1M	$9.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GMX. 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 GMXbpFee BinancebpOrdersPrice spread, now +0.076%Rate

Funding earned: −$73.19
Price spread: +0.076% → 0.000%: $7.62
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$87.57
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Binance: live order book, 8 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 GMX no order-book sample	—	—	—	—	—
Sell Binance live order book, 8 min ago	1.27 bp	19.9 bp −$20	75.4 bp −$754	420.2 bp −$42.0K	doesn't fit

GMX: 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 exchanges

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	+0.0033%	1h	0.1180	−0.034%	$402	$3K	5.5x	as long as short
Paradex CC-USD-PERP	+0.0097%	8h	0.1181	+0.033%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1182	+0.136%	$5.6M	$1.2M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1181	+0.087%	$35K	$20K	20x	as long as short
Binance CCUSDTshort	+0.0100%	4h	0.1181	+0.076%	$11.1M	$9.8M	75x
Bybit CCUSDT	+0.0100%	4h	0.1181	+0.059%	$11.0M	$2.9M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1182	+0.093%	$2.5M	$2.3M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1180	−0.008%	$362K	$125K	50x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1181	+0.059%	$1.8M	$371K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1182	+0.119%	$490K	$47K	50x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1182	+0.127%	$904K	$541K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1181	+0.068%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1180	−0.051%	$15K	$17K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1180	−0.044%	$601K	$24K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1180	−0.011%	$89K	$3.5M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1179	−0.118%	$6K	$15K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1181	+0.017%	$604K	$77K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]long	L +0.0449% / S −0.0241%	1h	0.1180	long leg	$44K	—	50x
Lighter CC	+0.1176%	1h	0.1185	+0.407%	$260K	$158K	5x	as long as short