Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.030%

Price spread now: Paradex against Aevo+0.020%7-day average — · you sell dearer than you buy

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

Long on Aevo 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

The price spread pays, funding is against you. Paradex is 0.020% dearer against Aevo than usual: you sell high and buy low (spread +0.020% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo WTIOIL-PERP	92.712	0.0104	pay 0.0013% / 1h	46m 46s	$4K	—	10x
Short	Paradex CL-USD-PERP	92.731	0.0019	get 0.0019% / 8h	6h 46m	$16K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aevo. 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 AevobpFee ParadexbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$17.8
Price spread: +0.020% → 0.000%: $2.04
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$35.76
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; 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 Aevo no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Aevo and 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.

CL on 36 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
Deribit WTIOIL_USDC-PERPETUAL	−0.0612%	1h	92.700	−0.013%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0339%	4h	92.760	+0.052%	$23.9M	$74.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0322%	4h	92.720	+0.009%	$50K	$632K	25x	as long as short
Binance CLUSDT	−0.0282%	4h	92.760	+0.052%	$244.7M	$1.00B	100x	as long as short
Variational Omni CL	−0.0275%	4h	92.851	+0.150%	$13.3M	$11.3M	—	as long as short
Gate CL_USDT	−0.0172%	8h	92.690	−0.024%	$20.9M	$52.9M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0087%	1h	92.730	+0.020%	$3.5M	$5.8M	20x	as long as short
tradeXYZ xyz:CL	−0.0062%	1h	92.741	+0.031%	$185.3M	$224.9M	20x	as long as short
Nado WTI-PERP	−0.0051%	1h	92.822	+0.118%	$936K	$686K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.735%	$399K	$942K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.775	+0.068%	$275K	$883K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.730	+0.020%	$2.5M	$1.7M	10x	as long as short
Extended WTI-USD	−0.0016%	1h	92.780	+0.073%	$2.1M	$25.2M	10x	as long as short
OKX CL-USDT-SWAP	−0.0015%	4h	92.780	+0.073%	$43.0M	$106.8M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.832	+0.129%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.780	+0.073%	$26.3M	$84.0M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.751	+0.042%	$42.1M	$46.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.890	+0.192%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.733	+0.023%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.299	−0.445%	$5K	—	150x	as long as short
Paradex CL-USD-PERPshort	+0.0019%	8h	92.731	+0.020%	$16K	$367	5x
Lighter WTI	+0.0032%	1h	92.753	+0.044%	$11.2M	$10.1M	20x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.871	+0.171%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.330	−0.412%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.780	+0.073%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.749	+0.040%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.741	+0.031%	$2.1M	$61K	20x	as long as short
Aftermath Perps WTIUSD	+0.0072%	1h	92.780	+0.074%	$2K	$28K	5x	as long as short
KuCoin CLUSDTM	+0.0072%	4h	92.800	+0.095%	$7.2M	$2.3M	50x	as long as short
edgeX CLUSDC	+0.0075%	4h	92.751	+0.042%	$533K	$299K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.755	+0.047%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.760	+0.052%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERPlong	+0.0104%	1h	92.712	long leg	$4K	—	10x
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.735	+0.025%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.93	+9.946%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	+0.020%	$4.0M	$1.2M	50x	as long as short