Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.073%

Price spread now: BloFin against Paradex+0.186%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on BloFin

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.186% dearer against Paradex than usual: you sell high and buy low: +$19 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	Paradex CC-USD-PERP	0.1176	0.0100	pay 0.0100% / 8h	3h 24m	$1K	—	5x
Short	BloFin CC-USDT	0.1178	0.0340	get 0.0170% / 4h	3h 24m	$594K	$99K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Paradex. 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 ParadexbpFee BloFinbpOrdersPrice spread, now +0.186%Rate

Funding earned: $50.43
Price spread: +0.186% → 0.000%: $18.57
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: $53
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; BloFin: live order book, 7 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 Paradex no order-book sample	—	—	—	—	—
Sell BloFin live order book, 7 min ago	2.55 bp	25.8 bp −$26	57.1 bp −$571	doesn't fit	doesn't fit

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
Bybit CCUSDT	−0.0266%	4h	0.1176	+0.016%	$10.8M	$3.8M	25x	as long as short
MEXC CC_USDT	−0.0236%	4h	0.1175	−0.018%	$1.7M	$332K	100x	as long as short
Injective CC/USDC PERP	+0.0033%	1h	0.1180	+0.373%	$402	$3K	5.5x	as long as short
Paradex CC-USD-PERPlong	+0.0100%	8h	0.1176	long leg	$1K	—	5x
Aster CCUSDT	+0.0100%	4h	0.1177	+0.111%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1175	−0.018%	$11.1M	$11.8M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1177	+0.084%	$2.6M	$3.1M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1176	+0.016%	$365K	$209K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1178	+0.194%	$485K	$104K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1178	+0.177%	$923K	$771K	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	0.1176	+0.067%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1176	+0.016%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1176	+0.052%	$600K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1178	+0.203%	$84K	$2.6M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1175	−0.070%	$6K	$33K	6.7x	as long as short
Hyperliquid CC	+0.0128%	1h	0.1179	+0.267%	$5.5M	$1.3M	3x	as long as short
BloFin CC-USDTshort	+0.0340%	4h	0.1178	+0.186%	$594K	$99K	75x
GMX CC/USD [WBTC.b-USDC]	L +0.0449% / S −0.0241%	1h	0.1177	+0.075%	$44K	—	50x	as long as short
Lighter CC	+0.0872%	1h	0.1182	+0.551%	$253K	$168K	5x	as long as short