Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0125%/8h= −13.7% APRpaid last 24h +0.011%

Price spread now: Paradex against edgeX−0.064%7-day average — · you buy dearer than you sell

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

Long on edgeX 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 airdropedgeX: Active · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Paradex is 0.064% cheaper against edgeX than usual: you would sell low and buy high (−$6 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	edgeX CLUSDC	92.213	0.0062	pay 0.0031% / 4h	21m 34s	$530K	$325K	30x
Short	Paradex CL-USD-PERP	92.155	−0.0063	pay 0.0063% / 8h	21m 34s	$15K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against edgeX. 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 edgeXbpFee ParadexbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$26.23
Price spread: −0.064% → 0.000%: −$6.36
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$45.59
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 57 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 edgeX live order book, 57 min ago	9.94 bp	14.4 bp −$14	14.8 bp −$148	21.2 bp −$2,125	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
Kraken Futures PF_WTIOILUSD	−0.0449%	1h	92.239	+0.028%	$273K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0316%	4h	92.191	−0.024%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0268%	4h	92.190	−0.025%	$24.0M	$77.5M	20x	as long as short
Binance CLUSDT	−0.0185%	4h	92.190	−0.025%	$244.7M	$1.09B	100x	as long as short
Variational Omni CL	−0.0162%	4h	92.224	+0.012%	$13.4M	$12.5M	—	as long as short
Nado WTI-PERP	−0.0138%	1h	92.221	+0.009%	$925K	$737K	10x	as long as short
Lighter WTI	−0.0080%	1h	92.161	−0.057%	$11.2M	$10.9M	20x	as long as short
Paradex CL-USD-PERPshort	−0.0063%	8h	92.155	−0.064%	$15K	$367	5x
QFEX CL-USD	−0.0054%	1h	92.180	−0.036%	$2.4M	$2.3M	10x	as long as short
tradeXYZ xyz:CL	−0.0052%	1h	92.188	−0.027%	$186.4M	$275.0M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0049%	1h	92.190	−0.025%	$3.5M	$6.3M	20x	as long as short
Gate CL_USDT	−0.0032%	8h	92.120	−0.101%	$21.3M	$58.0M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.182	−0.034%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.274	+0.066%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.190	−0.025%	$25.9M	$94.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.180	−0.036%	$43.0M	$112.8M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.301	+0.096%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.171	−0.046%	$42.0M	$51.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.230	+0.018%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.187	−0.028%	$19K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.220	+0.007%	$96K	$189K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.199%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.747	−0.505%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.220	+0.007%	$2.0M	$26.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.210	−0.003%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.220	+0.007%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.181	−0.035%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.186	−0.029%	$2.0M	$39K	20x	as long as short
edgeX CLUSDClong	+0.0062%	4h	92.213	long leg	$530K	$325K	30x
KuCoin CLUSDTM	+0.0100%	4h	92.195	−0.020%	$7.1M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.190	−0.025%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.175	−0.042%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.195	−0.020%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.18	+9.725%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.210	−0.003%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0311%	1h	92.207	−0.006%	$2K	$29K	5x	as long as short