Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.001%

Price spread now: Paradex against Extended−0.090%7-day average — · you buy dearer than you sell

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

Long on Extended 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 airdropExtended: Active · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Paradex is 0.090% cheaper against Extended than usual: you would sell low and buy high (−$9 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	Extended WTI-USD	92.050	0.0008	pay 0.0001% / 1h	16m 28s	$2.0M	$28.8M	10x
Short	Paradex CL-USD-PERP	91.967	−0.0107	pay 0.0107% / 8h	1h 16m	$15K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Extended. 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 ExtendedbpFee ParadexbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$24.15
Price spread: −0.090% → 0.000%: −$8.99
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$42.14
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Extended: 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 Extended live order book, 3 min ago	0.05 bp	2.7 bp −$3	5.0 bp −$50	20.6 bp −$2,057	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
Lighter WTI	−0.0304%	1h	91.969	−0.088%	$11.1M	$11.4M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.020	−0.033%	$95K	$208K	15x	as long as short
GRVT CL_USDT_Perp	−0.0172%	4h	91.968	−0.089%	$58K	$715K	25x	as long as short
Nado WTI-PERP	−0.0167%	1h	92.058	+0.009%	$923K	$748K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0167%	1h	91.960	−0.098%	$3.5M	$6.4M	20x	as long as short
Aftermath Perps WTIUSD	−0.0165%	1h	92.037	−0.014%	$2K	$30K	5x	as long as short
tradeXYZ xyz:CL	−0.0144%	1h	92.004	−0.050%	$185.3M	$280.0M	20x	as long as short
Bullet WTIOIL-USD	−0.0121%	1h	91.986	−0.070%	$18K	$240K	10x	as long as short
Aster CLUSD1	−0.0119%	4h	92.004	−0.050%	$23.9M	$78.4M	20x	as long as short
Paradex CL-USD-PERPshort	−0.0107%	8h	91.967	−0.090%	$15K	$367	5x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0020%	4h	91.990	−0.065%	$245.3M	$1.12B	100x	as long as short
Polymarket Perps WTIOIL-USD	−0.0003%	1h	91.991	−0.064%	$1.6M	$1.4M	20x	as long as short
Gate CL_USDT	−0.0003%	8h	91.930	−0.130%	$21.2M	$59.4M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.063%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.010	−0.043%	$25.4M	$97.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.970	−0.087%	$43.2M	$113.7M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.970	−0.087%	$2.4M	$2.6M	10x	as long as short
Bitget CLUSDT	0.0000%	4h	91.976	−0.080%	$42.1M	$52.5M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.944	−0.116%	$13.4M	$13.4M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.601	−0.488%	$4K	—	150x	as long as short
Extended WTI-USDlong	+0.0008%	1h	92.050	long leg	$2.0M	$28.8M	10x
Phoenix WTIOIL	+0.0009%	1h	92.040	−0.011%	$37K	$99K	20x	as long as short
StandX CL-USD	+0.0013%	1h	91.990	−0.065%	$723K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.090	+0.043%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.000	−0.054%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0062%	4h	91.969	−0.088%	$529K	$341K	30x	as long as short
Pacifica CL	+0.0100%	1h	91.994	−0.061%	$332K	$579K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.006	−0.048%	$7.2M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.970	−0.087%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.982	−0.073%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.020	−0.033%	$398K	$1.1M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.16	+9.896%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.005	−0.049%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.000	−0.054%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0450%	1h	91.996	−0.059%	$275K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.107	+0.062%	$3.2M	$2.7M	20x	as long as short