Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.4051%/8h= +443.6% APRpaid last 24h +1.169%

Price spread now: OKX against Injective+1.412%7-day average — · you sell dearer than you buy

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

Long on Injective Short on OKX

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 for this trade now. Funding pays +$122 a day on $10k at the current rate, and OKX is 1.412% dearer against Injective than usual: you sell high and buy low: +$141 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective CC/USDC PERP	0.1147	−0.3951	get 0.0494% / 1h	19m 25s	$6K	$99	5.5x
Short	OKX CC-USDT-SWAP	0.1163	0.0100	get 0.0050% / 4h	1h 19m	$2.5M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Injective. 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 InjectivebpFee OKXbpOrdersPrice spread, now +1.412%Rate

Funding earned: $850.78
Price spread: +1.412% → 0.000%: $141.24
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: $982
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; OKX: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell OKX live order book, 3 min ago	3.44 bp	25.3 bp −$25	doesn't fit	doesn't fit	doesn't fit

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
Injective CC/USDC PERPlong	−0.3951%	1h	0.1147	long leg	$6K	$99	5.5x
Paradex CC-USD-PERP	+0.0093%	8h	0.1161	+1.261%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1162	+1.305%	$34K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1162	+1.282%	$11.0M	$11.1M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1161	+1.255%	$10.5M	$3.8M	25x	as long as short
OKX CC-USDT-SWAPshort	+0.0100%	4h	0.1163	+1.412%	$2.5M	$3.4M	20x
Gate CC_USDT	+0.0100%	4h	0.1160	+1.151%	$360K	$212K	50x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1162	+1.264%	$1.7M	$313K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1163	+1.360%	$492K	$115K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1161	+1.255%	$926K	$788K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1161	+1.212%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1161	+1.229%	$16K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1161	+1.177%	$579K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1163	+1.355%	$78K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1160	+1.165%	$7K	$35K	6.7x	as long as short
Hyperliquid CC	+0.0199%	1h	0.1164	+1.473%	$5.4M	$1.4M	3x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1162	+1.282%	$584K	$105K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0441% / S −0.0239%	1h	0.1162	+1.293%	$43K	—	50x	as long as short
Lighter CC	+0.1264%	1h	0.1166	+1.683%	$234K	$152K	5x	as long as short