Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.3121%/8h= −341.8% APRpaid last 24h −1.154%

Price spread now: Injective against Paradex+0.789%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 Injective

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

The price spread pays, funding is against you. Injective is 0.789% dearer against Paradex than usual: you sell high and buy low (spread +0.789% now, against zero (this spread has no 7-day history yet)): +$79 on $10k if it goes back. Holding the pair costs −$94 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CC-USD-PERP	0.1171	0.0097	pay 0.0097% / 8h	4h 24m	$1K	—	5x
Short	Injective CC/USDC PERP	0.1180	−0.3024	pay 0.0378% / 1h	24m 40s	$402	$3K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.789%Rate

Funding earned: −$655.48
Price spread: +0.789% → 0.000%: $78.86
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$580.64
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Injective: 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 Injective no order-book sample	—	—	—	—	—

Paradex and Injective: 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 PERPshort	−0.3024%	1h	0.1180	+0.789%	$402	$3K	5.5x
Bybit CCUSDT	−0.0161%	4h	0.1170	−0.048%	$10.7M	$3.9M	25x	as long as short
MEXC CC_USDT	−0.0152%	4h	0.1170	−0.100%	$1.7M	$332K	100x	as long as short
Paradex CC-USD-PERPlong	+0.0097%	8h	0.1171	long leg	$1K	—	5x
Hyperliquid CC	+0.0100%	1h	0.1172	+0.116%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1171	+0.061%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1170	−0.074%	$11.0M	$12.2M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1171	−0.023%	$2.5M	$3.3M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1170	−0.091%	$362K	$217K	50x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1171	+0.046%	$483K	$122K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1169	−0.108%	$916K	$786K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1170	−0.057%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1171	+0.003%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1171	−0.020%	$596K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1172	+0.128%	$91K	$2.4M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1170	−0.029%	$6K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1169	−0.151%	$591K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0448% / S −0.0241%	1h	0.1172	+0.119%	$44K	—	50x	as long as short
Lighter CC	+0.0648%	1h	0.1176	+0.430%	$243K	$160K	5x	as long as short