Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0077%/8h= −8.4% APRpaid last 24h +0.009%

Price spread now: Paradex against gTrade (Gains Network)+0.356%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 1 day (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

The price spread pays, funding is against you. Paradex is 0.356% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.356% now, against zero (this spread has no 7-day history yet)): +$36 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WTI/USD	91.337	L 0.0000% / S +0.0036%	pay 0.0000% / 1h	48m 26s	$86K	—	10x
Short	Paradex CL-USD-PERP	91.663	−0.0076	pay 0.0076% / 8h	1h 48m	$15K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ParadexbpOrdersPrice spread, now +0.356%Rate

Funding earned: −$16.12
Price spread: +0.356% → 0.000%: $35.64
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $7.52
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 1 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 gTrade (Gains Network) virtual book (oracle venue), 1 min ago	130.01 bp	134.0 bp −$134	499.7 bp −$4,997	4168.8 bp −$416.9K	17636.6 bp −$8.82M
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	−0.0622%	1h	91.710	+0.408%	$95K	$260K	15x	as long as short
ApeX Omni CLUSDT	−0.0383%	1h	91.740	+0.441%	$55K	$266K	50x	as long as short
Lighter WTI	−0.0344%	1h	91.711	+0.409%	$11.0M	$11.1M	20x	as long as short
tradeXYZ xyz:CL	−0.0232%	1h	91.744	+0.446%	$184.8M	$285.1M	20x	as long as short
Nado WTI-PERP	−0.0228%	1h	91.806	+0.513%	$906K	$757K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0218%	1h	91.680	+0.376%	$3.5M	$6.5M	20x	as long as short
Bullet WTIOIL-USD	−0.0193%	1h	91.712	+0.411%	$19K	$240K	10x	as long as short
Aftermath Perps WTIUSD	−0.0121%	1h	91.720	+0.419%	$2K	$30K	5x	as long as short
Paradex CL-USD-PERPshort	−0.0076%	8h	91.663	+0.356%	$15K	$367	5x
Polymarket Perps WTIOIL-USD	−0.0056%	1h	91.726	+0.426%	$1.6M	$1.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WTI-USD	−0.0016%	1h	91.810	+0.518%	$2.0M	$29.2M	10x	as long as short
Aster CLUSD1	0.0000%	4h	91.730	+0.430%	$23.9M	$78.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.787	+0.492%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.710	+0.408%	$244.9M	$1.13B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.720	+0.419%	$25.2M	$98.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.720	+0.419%	$43.0M	$114.7M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.720	+0.419%	$2.4M	$2.7M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.670	+0.365%	$21.2M	$58.7M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.723	+0.423%	$42.0M	$64.3M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.707	+0.405%	$13.4M	$15.2M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.719	+0.419%	$58K	$734K	25x	as long as short
gTrade (Gains Network) WTI/USDlong	L 0.0000% / S +0.0036%	1h	91.337	long leg	$86K	—	10x
edgeX CLUSDC	+0.0009%	4h	91.726	+0.426%	$527K	$342K	30x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.820	+0.529%	$33K	$99K	20x	as long as short
StandX CL-USD	+0.0040%	1h	91.720	+0.419%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.840	+0.551%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.695	+0.392%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	91.724	+0.423%	$331K	$572K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.708	+0.406%	$7.3M	$2.0M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.715	+0.413%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.720	+0.419%	$384K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.08	+10.665%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0211% / S −0.0127%	1h	91.715	+0.414%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.720	+0.419%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0452%	1h	91.708	+0.407%	$256K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	91.818	+0.526%	$3.2M	$2.7M	20x	as long as short