Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0533%/8h= −58.3% APRpaid last 24h +0.029%

Price spread now: Paradex against Kraken Futures−0.103%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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 against this trade now: funding costs −$16 a day on $10k at the current rate, and Paradex is 0.103% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 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	Kraken Futures PF_WTIOILUSD	91.790	0.0451	pay 0.0056% / 1h	47m 20s	$256K	$1.2M	25x
Short	Paradex CL-USD-PERP	91.695	−0.0082	pay 0.0082% / 8h	1h 47m	$15K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Kraken Futures. 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 Kraken FuturesbpFee ParadexbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$111.89
Price spread: −0.103% → 0.000%: −$10.29
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$136.19
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 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 Kraken Futures live order book, 1 min ago	1.96 bp	9.2 bp −$9	16.9 bp −$169	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 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
ApeX Omni CLUSDT	−0.0478%	1h	91.750	−0.043%	$55K	$266K	50x	as long as short
Lighter WTI	−0.0344%	1h	91.724	−0.072%	$11.0M	$11.1M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0294%	1h	91.780	−0.011%	$95K	$260K	15x	as long as short
Nado WTI-PERP	−0.0234%	1h	91.819	+0.032%	$907K	$758K	10x	as long as short
tradeXYZ xyz:CL	−0.0223%	1h	91.799	+0.010%	$184.9M	$285.3M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0220%	1h	91.720	−0.076%	$3.5M	$6.5M	20x	as long as short
Bullet WTIOIL-USD	−0.0186%	1h	91.772	−0.019%	$19K	$240K	10x	as long as short
Aftermath Perps WTIUSD	−0.0130%	1h	91.775	−0.016%	$2K	$30K	5x	as long as short
Paradex CL-USD-PERPshort	−0.0082%	8h	91.695	−0.103%	$15K	$367	5x
Polymarket Perps WTIOIL-USD	−0.0052%	1h	91.771	−0.020%	$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	−0.0024%	1h	91.835	+0.049%	$2.0M	$29.2M	10x	as long as short
Aster CLUSD1	0.0000%	4h	91.760	−0.032%	$23.9M	$78.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.787	−0.003%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.780	−0.011%	$245.1M	$1.13B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.800	+0.011%	$25.2M	$98.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.770	−0.022%	$43.0M	$114.6M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.710	−0.087%	$2.4M	$2.7M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.730	−0.065%	$21.2M	$58.7M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.766	−0.026%	$42.1M	$64.4M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.707	−0.090%	$13.4M	$15.2M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.719	−0.077%	$58K	$734K	25x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.367	−0.461%	$86K	—	10x	as long as short
edgeX CLUSDC	+0.0009%	4h	91.726	−0.070%	$527K	$342K	30x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.800	+0.011%	$33K	$99K	20x	as long as short
StandX CL-USD	+0.0040%	1h	91.720	−0.076%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.860	+0.077%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.775	−0.016%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	91.742	−0.052%	$331K	$572K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.735	−0.060%	$7.3M	$2.0M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.756	−0.036%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.720	−0.076%	$384K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.08	+10.119%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0211% / S −0.0127%	1h	91.775	−0.016%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.720	−0.076%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSDlong	+0.0451%	1h	91.790	long leg	$256K	$1.2M	25x
RISEx CL/USDC	+0.0977%	1h	91.826	+0.039%	$3.2M	$2.7M	20x	as long as short