Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h −0.002%

Price spread now: Paradex against OKX−0.084%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.084% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it 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	0.1162	0.0100	pay 0.0050% / 4h	1h 06m	$2.5M	$3.4M	20x
Short	Paradex CC-USD-PERP	0.1161	0.0095	get 0.0095% / 8h	1h 06m	$1K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$1.09
Price spread: −0.084% → 0.000%: −$8.39
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$23.48
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 min ago; Paradex: 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	2.15 bp	22.1 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.3951%	1h	0.1150	−1.067%	$6K	$100	5.5x	as long as short
Paradex CC-USD-PERPshort	+0.0095%	8h	0.1161	−0.084%	$1K	—	5x
Aster CCUSDT	+0.0100%	4h	0.1161	−0.157%	$34K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1161	−0.112%	$10.9M	$11.1M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1161	−0.138%	$10.5M	$3.8M	25x	as long as short
OKX CC-USDT-SWAPlong	+0.0100%	4h	0.1162	long leg	$2.5M	$3.4M	20x
Gate CC_USDT	+0.0100%	4h	0.1159	−0.284%	$360K	$213K	50x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1161	−0.138%	$1.6M	$316K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1162	0.000%	$492K	$115K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1162	0.000%	$927K	$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	−0.112%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1161	−0.129%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1161	−0.147%	$578K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1162	−0.034%	$78K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1159	−0.258%	$5K	$35K	6.7x	as long as short
Hyperliquid CC	+0.0289%	1h	0.1164	+0.112%	$5.4M	$1.3M	3x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1160	−0.172%	$583K	$105K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0442% / S −0.0239%	1h	0.1161	−0.134%	$43K	—	50x	as long as short
Lighter CC	+0.1232%	1h	0.1166	+0.284%	$234K	$152K	5x	as long as short