Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h +0.015%

Price spread now: Paradex against Bitget−0.026%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.026% cheaper against Bitget than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CLUSDT	92.929	−0.0094	get 0.0047% / 4h	3h 50m	$42.0M	$41.7M	100x
Short	Paradex CL-USD-PERP	92.905	0.0007	get 0.0007% / 8h	7h 50m	$16K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bitget. 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 BitgetbpFee ParadexbpOrdersPrice spread, now −0.026%Rate

Funding earned: $21.21
Price spread: −0.026% → 0.000%: −$2.56
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $2.65
Costs to cover: 0.160%
Break-even: 6.1 days

Slippage unknown: Bitget: live order book, 3 min ago; 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 Bitget live order book, 3 min ago	0.05 bp	7.6 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	−0.0610%	1h	92.920	−0.010%	$188K	$407K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.969	+0.043%	$271K	$930K	25x	as long as short
GRVT CL_USDT_Perp	−0.0290%	4h	92.887	−0.045%	$74K	$614K	25x	as long as short
Aster CLUSD1	−0.0245%	4h	92.962	+0.035%	$24.7M	$61.6M	20x	as long as short
Gate CL_USDT	−0.0226%	8h	92.880	−0.053%	$23.3M	$48.8M	100x	as long as short
Binance CLUSDT	−0.0138%	4h	92.940	+0.012%	$245.9M	$929.8M	100x	as long as short
Variational Omni CL	−0.0122%	4h	92.970	+0.044%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0118%	1h	93.021	+0.099%	$951K	$612K	10x	as long as short
Bitget CLUSDTlong	−0.0094%	4h	92.929	long leg	$42.0M	$41.7M	100x
Aftermath Perps WTIUSD	−0.0079%	1h	93.008	+0.085%	$1K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0078%	1h	92.944	+0.016%	$184.1M	$195.7M	20x	as long as short
OKX CL-USDT-SWAP	−0.0064%	4h	92.930	+0.001%	$42.5M	$103.2M	50x	as long as short
Ondo Perps WTI-USD.P	−0.0050%	1h	92.930	+0.001%	$3.6M	$5.3M	20x	as long as short
edgeX CLUSDC	−0.0044%	4h	92.888	−0.044%	$542K	$342K	30x	as long as short
QFEX CL-USD	−0.0026%	1h	92.930	+0.001%	$2.3M	$2.5M	10x	as long as short
Bybit CLUSDT	−0.0009%	8h	92.944	+0.016%	$27.1M	$80.5M	150x	as long as short
dYdX WTI-USD	0.0000%	1h	92.953	+0.026%	$8K	$3K	5x	as long as short
RISEx CL/USDC	0.0000%	1h	92.997	+0.073%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.934	+0.005%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.520	−0.440%	$5K	—	150x	as long as short
Paradex CL-USD-PERPshort	+0.0007%	8h	92.905	−0.026%	$16K	$367	5x
Phoenix WTIOIL	+0.0009%	1h	92.910	−0.020%	$37K	$39K	20x	as long as short
Lighter WTI	+0.0016%	1h	92.950	+0.023%	$11.3M	$8.6M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.249%	$404K	$808K	15x	as long as short
Extended WTI-USD	+0.0032%	1h	92.980	+0.055%	$1.7M	$14.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.920	−0.010%	$732K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.950	+0.023%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.944	+0.016%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.949	+0.022%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.959	+0.033%	$346K	$587K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.958	+0.031%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.940	+0.012%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.917	−0.013%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.935	+0.006%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0175%	4h	92.940	+0.012%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.905%	$19K	$5K	30x	as long as short