Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0213%/8h= −23.3% APRpaid last 24h −0.064%

Price spread now: Paradex against BloFin−0.100%7-day average — · you buy dearer than you sell

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

Long on BloFin 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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Paradex is 0.100% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CL-USDT	89.470	0.0240	pay 0.0120% / 4h	1h 07m	$3.9M	$1.0M	50x
Short	Paradex CL-USD-PERP	89.381	0.0027	get 0.0027% / 8h	5h 07m	$15K	$458	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against BloFin. 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 BloFinbpFee ParadexbpOrdersPrice spread, now −0.100%Rate

Funding earned: −$44.75
Price spread: −0.100% → 0.000%: −$9.96
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$70.71
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BloFin: 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 BloFin live order book, 3 min ago	0.56 bp	6.6 bp −$7	6.7 bp −$67	11.6 bp −$1,156	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 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
Kraken Futures PF_WTIOILUSD	−0.0342%	1h	89.349	−0.135%	$304K	$1.9M	25x	as long as short
Aftermath Perps WTIUSD	−0.0140%	1h	89.498	+0.031%	$1K	$26K	5x	as long as short
GRVT CL_USDT_Perp	−0.0100%	4h	89.569	+0.111%	$67K	$655K	25x	as long as short
tradeXYZ xyz:CL	−0.0095%	1h	89.365	−0.117%	$174.4M	$247.8M	20x	as long as short
Bitget CLUSDT	−0.0086%	4h	89.355	−0.129%	$40.7M	$56.6M	100x	as long as short
edgeX CLUSDC	−0.0083%	4h	89.414	−0.063%	$498K	$373K	30x	as long as short
Aster CLUSD1	−0.0072%	4h	89.400	−0.078%	$24.2M	$72.4M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	89.760	+0.324%	$416K	$1.5M	15x	as long as short
Ondo Perps WTI-USD.P	−0.0031%	1h	89.320	−0.168%	$3.4M	$6.4M	20x	as long as short
Binance CLUSDT	−0.0027%	4h	89.400	−0.078%	$241.5M	$1.20B	100x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0025%	1h	89.410	−0.067%	$2.2M	$2.8M	10x	as long as short
Nado WTI-PERP	−0.0024%	1h	89.419	−0.057%	$874K	$683K	10x	as long as short
Gate CL_USDT	−0.0011%	8h	89.310	−0.179%	$23.8M	$56.7M	100x	as long as short
Variational Omni CL	−0.0002%	4h	89.722	+0.282%	$12.5M	$11.2M	—	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.009	−0.515%	$606	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.408	−0.069%	$8K	$3K	5x	as long as short
Extended WTI-USD	0.0000%	1h	89.380	−0.101%	$1.3M	$13.6M	10x	as long as short
Bybit CLUSDT	0.0000%	8h	89.381	−0.099%	$28.7M	$110.0M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	89.360	−0.123%	$40.3M	$133.7M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	89.471	+0.001%	$2.8M	$3.1M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	89.710	+0.268%	$33K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.399	−0.079%	$18K	$235K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	89.380	−0.101%	$39K	$650K	15x	as long as short
Paradex CL-USD-PERPshort	+0.0027%	8h	89.381	−0.100%	$15K	$458	5x
Lighter WTI	+0.0032%	1h	89.376	−0.105%	$10.5M	$10.9M	20x	as long as short
StandX CL-USD	+0.0040%	1h	89.710	+0.268%	$692K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.420	−0.056%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.367	−0.115%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.378	−0.103%	$2.0M	$83K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.373	−0.108%	$306K	$747K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.361	−0.122%	$6.9M	$3.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.730	+0.291%	$52K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.364	−0.119%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0161% / S +0.0027%	1h	89.585	+0.129%	$70K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.746%	$16K	$5K	30x	as long as short
BloFin CL-USDTlong	+0.0240%	4h	89.470	long leg	$3.9M	$1.0M	50x