Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0141%/8h= +15.5% APRpaid last 24h +0.041%

Price spread now: GMX against OKX+0.078%7-day average — · you sell dearer than you buy

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

Long on OKX Short on GMX

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 +$4 a day on $10k at the current rate, and GMX is 0.078% dearer against OKX than usual: you sell high and buy low: +$8 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	OKX CC-USDT-SWAP	0.1194	0.0100	pay 0.0050% / 4h	3h 35m	$2.6M	$3.0M	20x
Short	GMX CC/USD [WBTC.b-USDC]	0.1195	L +0.0453% / S −0.0241%	get 0.0030% / 1h	35m 58s	$45K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.078%Rate

Funding earned: $29.7
Price spread: +0.078% → 0.000%: $7.79
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $15.49
Costs to cover: 0.220%
Break-even: 3.3 days

Slippage unknown: OKX: live order book, 1 min ago; GMX: 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 OKX live order book, 1 min ago	1.67 bp	23.6 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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 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	+0.0033%	1h	0.1180	−1.173%	$402	$3K	5.5x	as long as short
Paradex CC-USD-PERP	+0.0099%	8h	0.1194	0.000%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1195	+0.049%	$35K	$27K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1193	−0.067%	$11.3M	$12.0M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1194	−0.017%	$11.0M	$3.8M	25x	as long as short
OKX CC-USDT-SWAPlong	+0.0100%	4h	0.1194	long leg	$2.6M	$3.0M	20x
Gate CC_USDT	+0.0100%	4h	0.1194	−0.025%	$367K	$170K	50x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1194	+0.017%	$1.8M	$352K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1195	+0.067%	$493K	$99K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1194	+0.034%	$931K	$749K	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	0.1194	+0.034%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1194	0.000%	$16K	$19K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1196	+0.197%	$610K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1197	+0.267%	$80K	$3.1M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1192	−0.167%	$6K	$33K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1196	+0.159%	$606K	$103K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]short	L +0.0453% / S −0.0241%	1h	0.1195	+0.078%	$45K	—	50x
Hyperliquid CC	+0.0584%	1h	0.1197	+0.251%	$5.6M	$1.4M	3x	as long as short
Lighter CC	+0.0992%	1h	0.1199	+0.452%	$255K	$169K	5x	as long as short