Settings8H · net · $10k
Funding arb · Price arb /

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0091%/8h= +9.9% APRnext payment +$0.91 per $10,000 · paid last 24h +0.022%
Price spread now: Paradex against Gate+0.048%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno 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 +$3 a day on $10k at the current rate, and Paradex is 0.048% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CL_USDT93.430−0.0076get 0.0076% / 8h2h 14m$22.0M$50.1M100x
ShortParadex CL-USD-PERP93.4750.0015get 0.0015% / 8h2h 14m$16K$3675x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Gate. 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

Funding earned
$19.07
Price spread: +0.048% → 0.000%
$4.79
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Paradex: 2 bp × 2 orders
−$4
Net
$4.87
Costs to cover
0.190%
Break-even
5.2 days
Slippage unknown: Gate: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 5 min ago0.54 bp9.4 bp −$914.1 bp −$14128.2 bp −$2,82338.5 bp −$19.2K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0392%1h93.450+0.021%$197K$376K15xas long as short
GRVT CL_USDT_Perp−0.0294%4h93.442+0.013%$58K$629K25xas long as short
Aster CLUSD1−0.0289%4h93.520+0.096%$24.4M$64.8M20xas long as short
Kraken Futures PF_WTIOILUSD−0.0204%1h93.507+0.083%$285K$958K25xas long as short
Binance CLUSDT−0.0181%4h93.493+0.067%$246.2M$932.5M100xas long as short
Variational Omni CL−0.0170%4h93.440+0.010%$13.4M$10.9Mas long as short
Aftermath Perps WTIUSD−0.0153%1h93.473+0.046%$2K$26K5xas long as short
Bitget CLUSDT−0.0126%4h93.473+0.046%$42.2M$42.7M100xas long as short
Nado WTI-PERP−0.0122%1h93.539+0.117%$968K$614K10xas long as short
Ondo Perps WTI-USD.P−0.0086%1h93.460+0.032%$3.5M$5.4M20xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate CL_USDTlong−0.0076%8h93.430long leg$22.0M$50.1M100x
tradeXYZ xyz:CL−0.0073%1h93.468+0.041%$184.9M$213.6M20xas long as short
edgeX CLUSDC−0.0070%4h93.441+0.012%$525K$306K30xas long as short
OKX CL-USDT-SWAP−0.0046%4h93.490+0.064%$42.7M$102.9M50xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0040%1h93.500+0.075%$404K$931K15xas long as short
QFEX CL-USD−0.0032%1h93.500+0.075%$2.3M$2.5M10xas long as short
dYdX WTI-USD0.0000%1h93.495+0.070%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h93.500+0.075%$27.2M$79.6M150xas long as short
RISEx CL/USDC0.0000%1h93.554+0.133%$3.1M$2.9M20xas long as short
Phoenix WTIOIL0.0000%1h93.500+0.075%$38K$41K20xas long as short
Bullet WTIOIL-USD0.0000%1h93.514+0.090%$18K$240K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h93.043−0.414%$5K150xas long as short
Paradex CL-USD-PERPshort+0.0015%8h93.475+0.048%$16K$3675x
Lighter WTI+0.0016%1h93.487+0.061%$11.2M$9.9M20xas long as short
Extended WTI-USD+0.0032%1h93.530+0.107%$2.0M$16.9M10xas long as short
StandX CL-USD+0.0040%1h93.460+0.032%$740K$2.8M40xas long as short
Vest CL-PERP+0.0046%1h93.500+0.075%$313K10xas long as short
Pacifica CL+0.0047%1h93.489+0.064%$332K$577K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h93.500+0.075%$1.7M$1.3M20xas long as short
SoDEX CL-USD+0.0050%1h93.480+0.054%$2.1M$60K20xas long as short
KuCoin CLUSDTM+0.0084%4h93.505+0.080%$7.1M$2.4M50xas long as short
ApeX Omni CLUSDT+0.0100%1h93.520+0.096%$54K$266K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h93.465+0.037%$4K10xas long as short
BloFin CL-USDT+0.0190%4h93.480+0.054%$4.0M$1.0M50xas long as short
Injective WTI/USDC PERP+0.0220%1h102.64+9.863%$19K$11K30xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0239% / S −0.0172%1h93.505+0.080%$84K111xas long as short