Funding you earn now, next payment 22:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.001%
Price spread now: Backpack against Paradex+0.028%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.028% dearer against Paradex than usual: you sell high and buy low, +$3 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 | Paradex CC-USD-PERP | 0.1164 | 0.0098 | pay 0.0098% / 8h | 2h 25m | $1K | — | 5x |
| Short | Backpack CC_USDC_PERP | 0.1164 | 0.0100 | get 0.0013% / 1h | 25m 27s | $17K | $22K | 10x |
Paradex CC-USD-PERP
Backpack CC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Paradex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.44
- Price spread: +0.028% → 0.000%
- $2.79
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$10.77
- Costs to cover
- 0.140%
- Break-even
- 176.6 days
Slippage unknown: Paradex: no order-book sample; Backpack: 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Backpack no order-book sample | — | — | — | — | — |
Paradex and Backpack: 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 | −0.3670% | 1h | 0.1152 | −1.012% | $6K | $99 | 5.5x | as long as short |
| Paradex CC-USD-PERPlong | +0.0098% | 8h | 0.1164 | long leg | $1K | — | 5x | |
| Aster CCUSDT | +0.0100% | 4h | 0.1165 | +0.136% | $35K | $39K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1163 | −0.049% | $11.0M | $10.9M | 75x | as long as short |
| Bybit CCUSDT | +0.0100% | 4h | 0.1164 | +0.002% | $10.5M | $3.7M | 25x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1164 | +0.045% | $2.5M | $3.4M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1163 | −0.067% | $362K | $207K | 50x | as long as short |
| MEXC CC_USDT | +0.0100% | 4h | 0.1163 | −0.049% | $1.7M | $297K | 100x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1165 | +0.131% | $492K | $115K | 50x | as long as short |
| Bitget CCUSDT | +0.0100% | 4h | 0.1163 | −0.024% | $937K | $790K | 20x | as long as short |
Injective CC/USDC PERP
Aster CCUSDT
Binance CCUSDT
Bybit CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
MEXC CC_USDT
KuCoin CCUSDTM
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDT | +0.0100% | 4h | 0.1164 | +0.011% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERPshort | +0.0100% | 1h | 0.1164 | +0.028% | $17K | $22K | 10x | |
| Variational Omni CC | +0.0100% | 4h | 0.1164 | +0.006% | $580K | $43K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1164 | +0.045% | $86K | $2.3M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1163 | −0.046% | $7K | $35K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1163 | −0.049% | $588K | $105K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0441% / S −0.0239% | 1h | 0.1164 | +0.061% | $43K | — | 50x | as long as short |
| Hyperliquid CC | +0.0579% | 1h | 0.1166 | +0.200% | $5.4M | $1.3M | 3x | as long as short |
| Lighter CC | +0.1288% | 1h | 0.1168 | +0.389% | $233K | $160K | 5x | as long as short |
BingX CC-USDT
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Hyperliquid CC
Lighter CC