Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0538%/8h= +58.9% APRpaid last 24h +0.014%

Price spread now: Paradex against Deribit+0.043%7-day average — · you sell dearer than you buy

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

Long on Deribit 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 for this trade now. Funding pays +$16 a day on $10k at the current rate, and Paradex is 0.043% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	92.850	−0.0503	get 0.0063% / 1h	57m 52s	$198K	$365K	15x
Short	Paradex CL-USD-PERP	92.890	0.0035	get 0.0035% / 8h	5h 57m	$16K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Deribit. 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 DeribitbpFee ParadexbpOrdersPrice spread, now +0.043%Rate

Funding earned: $113
Price spread: +0.043% → 0.000%: $4.34
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $106.35
Costs to cover: 0.110%
Break-even: 0.4 days

Slippage unknown: Deribit: live order book, 6 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 Deribit live order book, 6 min ago	0.54 bp	4.0 bp −$4	6.9 bp −$69	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 35 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-PERPETUALlong	−0.0503%	1h	92.850	long leg	$198K	$365K	15x
Aster CLUSD1	−0.0244%	4h	92.897	+0.051%	$24.0M	$71.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0220%	4h	92.836	−0.015%	$53K	$623K	25x	as long as short
Binance CLUSDT	−0.0212%	4h	92.886	+0.039%	$244.8M	$963.3M	100x	as long as short
Variational Omni CL	−0.0211%	4h	92.799	−0.055%	$13.5M	$11.1M	—	as long as short
Gate CL_USDT	−0.0093%	8h	92.840	−0.011%	$20.9M	$52.0M	100x	as long as short
Nado WTI-PERP	−0.0092%	1h	92.955	+0.113%	$962K	$670K	10x	as long as short
tradeXYZ xyz:CL	−0.0049%	1h	92.877	+0.029%	$184.6M	$219.5M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.108%	$402K	$946K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.870	+0.022%	$2.5M	$1.7M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0029%	4h	92.808	−0.045%	$528K	$303K	30x	as long as short
Aftermath Perps WTIUSD	−0.0012%	1h	92.896	+0.049%	$2K	$28K	5x	as long as short
OKX CL-USDT-SWAP	−0.0004%	4h	92.890	+0.043%	$42.8M	$102.6M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.909	+0.063%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.912	+0.067%	$26.9M	$81.5M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.858	+0.009%	$41.9M	$43.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.860	+0.011%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.902	+0.056%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.443	−0.438%	$5K	—	150x	as long as short
Ondo Perps WTI-USD.P	+0.0004%	1h	92.880	+0.032%	$3.5M	$5.7M	20x	as long as short
Lighter WTI	+0.0032%	1h	92.888	+0.041%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.910	+0.065%	$2.1M	$23.6M	10x	as long as short
Paradex CL-USD-PERPshort	+0.0035%	8h	92.890	+0.043%	$16K	$367	5x
StandX CL-USD	+0.0040%	1h	92.400	−0.485%	$726K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	+0.075%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.910	+0.065%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.880	+0.032%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.018	+0.181%	$3.3M	$2.7M	20x	as long as short
KuCoin CLUSDTM	+0.0084%	4h	92.876	+0.028%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.911	+0.066%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.810	−0.043%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.870	+0.021%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.902	+0.056%	$273K	$882K	25x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.885	+0.038%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.04	+9.893%	$19K	$11K	30x	as long as short