Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.020%

Price spread now: Paradex against Aftermath Perps−0.116%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps 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 pays, the price is against you. Paradex is 0.116% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.116% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 8.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps WTIUSD	91.000	−0.0032	get 0.0004% / 1h	19m 10s	$2K	$27K	5x
Short	Paradex CL-USD-PERP	90.894	0.0013	get 0.0013% / 8h	6h 19m	$15K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aftermath Perps. 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 Aftermath PerpsbpFee ParadexbpOrdersPrice spread, now −0.116%Rate

Funding earned: $9.43
Price spread: −0.116% → 0.000%: −$11.6
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$15.18
Costs to cover: 0.130%
Break-even: 18.3 days

Slippage unknown: Aftermath Perps: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Aftermath Perps 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 exchanges

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	−0.0410%	1h	90.910	−0.098%	$182K	$435K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0363%	1h	90.938	−0.067%	$305K	$1.3M	25x	as long as short
Aster CLUSD1	−0.0172%	4h	90.980	−0.022%	$24.7M	$65.3M	20x	as long as short
Binance CLUSDT	−0.0114%	4h	90.940	−0.066%	$246.4M	$1.09B	100x	as long as short
Bitget CLUSDT	−0.0108%	4h	90.909	−0.100%	$41.3M	$48.7M	100x	as long as short
Extended WTI-USD	−0.0096%	1h	90.950	−0.055%	$1.4M	$13.9M	10x	as long as short
edgeX CLUSDC	−0.0095%	4h	90.920	−0.087%	$508K	$379K	30x	as long as short
Variational Omni CL	−0.0084%	4h	90.906	−0.102%	$12.9M	$11.1M	—	as long as short
Nado WTI-PERP	−0.0083%	1h	90.987	−0.013%	$914K	$652K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0070%	1h	90.850	−0.164%	$3.4M	$5.7M	20x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0068%	8h	90.860	−0.153%	$23.1M	$53.5M	100x	as long as short
tradeXYZ xyz:CL	−0.0061%	1h	90.918	−0.090%	$176.9M	$209.0M	20x	as long as short
GRVT CL_USDT_Perp	−0.0042%	4h	91.038	+0.042%	$69K	$626K	25x	as long as short
Aftermath Perps WTIUSDlong	−0.0032%	1h	91.000	long leg	$2K	$27K	5x
QFEX CL-USD	−0.0023%	1h	90.930	−0.076%	$2.2M	$3.0M	10x	as long as short
OKX CL-USDT-SWAP	−0.0021%	4h	90.920	−0.087%	$40.5M	$117.4M	50x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	90.540	−0.505%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.969	−0.034%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.943	−0.062%	$26.9M	$95.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.976	−0.026%	$2.9M	$3.0M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.939	−0.067%	$17K	$237K	10x	as long as short
Lighter WTI	+0.0008%	1h	90.911	−0.097%	$11.1M	$9.5M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0008%	1h	90.910	−0.098%	$409K	$1.1M	15x	as long as short
Paradex CL-USD-PERPshort	+0.0013%	8h	90.894	−0.116%	$15K	$367	5x
Injective WTI/USDC PERP	+0.0033%	1h	100.27	+10.185%	$19K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.970	−0.033%	$708K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.940	−0.066%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.928	−0.079%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.930	−0.076%	$2.0M	$81K	20x	as long as short
Phoenix WTIOIL	+0.0053%	1h	90.950	−0.055%	$36K	$37K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.930	−0.076%	$314K	$709K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.951	−0.053%	$6.8M	$2.8M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.960	−0.044%	$53K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.902	−0.107%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0218%	4h	90.960	−0.044%	$3.9M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0250% / S −0.0172%	1h	90.925	−0.082%	$81K	—	111x	as long as short