Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against OKX−0.034%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$229as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$2282.276% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now −0.034%, 7d avg −0.070%

Together, before fees−0.038%−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.037% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CC-USDT-SWAP	0.1183	0.0100	pay 0.0050% / 4h	2h 22m	$2.6M	$3.6M	20x
Short	Gate CC_USDT	0.1182	0.0100	get 0.0050% / 4h	2h 22m	$367K	$219K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → −0.070%: $3.66
Slippage, 4 orders: −$202.6
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$223.94
Costs to cover: 2.276%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Gate: live order book, 43 min ago.

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 OKX live order book, 5 min ago	1.69 bp	23.6 bp −$24	1061.3 bp −$10.6K	doesn't fit	doesn't fit
Sell Gate live order book, 43 min ago	10.89 bp	119.8 bp −$120	doesn't fit	doesn't fit	doesn't fit

CC on 18 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 PERP	−0.3556%	1h	0.1161	−1.826%	$6K	$99	5.5x	as long as short
MEXC CC_USDT	−0.0104%	4h	0.1182	−0.085%	$1.6M	$314K	100x	as long as short
Bybit CCUSDT	−0.0094%	4h	0.1181	−0.144%	$10.7M	$3.9M	25x	as long as short
Paradex CC-USD-PERP	+0.0090%	8h	0.1182	−0.062%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1182	−0.086%	$35K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1180	−0.206%	$11.1M	$12.0M	75x	as long as short
OKX CC-USDT-SWAPlong	+0.0100%	4h	0.1183	long leg	$2.6M	$3.6M	20x
Gate CC_USDTshort	+0.0100%	4h	0.1182	−0.034%	$367K	$219K	50x
KuCoin CCUSDTM	+0.0100%	4h	0.1182	−0.017%	$486K	$121K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1180	−0.220%	$933K	$806K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1181	−0.169%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1181	−0.169%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1179	−0.266%	$601K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1182	−0.092%	$89K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1180	−0.231%	$6K	$36K	6.7x	as long as short
Hyperliquid CC	+0.0170%	1h	0.1184	+0.078%	$5.5M	$1.4M	3x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0449% / S −0.0241%	1h	0.1181	−0.113%	$44K	—	50x	as long as short
Lighter CC	+0.0832%	1h	0.1186	+0.245%	$240K	$155K	5x	as long as short