Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.022%

Price spread now: Paradex against KuCoin−0.056%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 −$3 a day on $10k at the current rate, and Paradex is 0.056% cheaper against KuCoin 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	KuCoin CLUSDTM	93.625	0.0100	pay 0.0050% / 4h	1h 18m	$7.1M	$2.4M	50x
Short	Paradex CL-USD-PERP	93.573	0.0015	get 0.0015% / 8h	1h 18m	$16K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against KuCoin. 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 KuCoinbpFee ParadexbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$17.76
Price spread: −0.056% → 0.000%: −$5.59
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$39.35
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	2.08 bp	8.8 bp −$9	doesn't fit	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0498%	1h	93.560	−0.069%	$196K	$385K	15x	as long as short
Aster CLUSD1	−0.0282%	4h	93.630	+0.005%	$24.6M	$65.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0266%	4h	93.631	+0.006%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0154%	4h	93.596	−0.031%	$246.9M	$917.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0139%	1h	93.593	−0.034%	$2K	$26K	5x	as long as short
Variational Omni CL	−0.0139%	4h	93.559	−0.071%	$13.5M	$10.6M	—	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.606	−0.021%	$282K	$962K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0131%	1h	93.530	−0.101%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDT	−0.0117%	8h	93.500	−0.134%	$22.6M	$49.7M	100x	as long as short
Bitget CLUSDT	−0.0112%	4h	93.580	−0.048%	$42.4M	$42.1M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0081%	1h	93.586	−0.042%	$185.0M	$205.1M	20x	as long as short
Nado WTI-PERP	−0.0058%	1h	93.640	+0.016%	$965K	$619K	10x	as long as short
OKX CL-USDT-SWAP	−0.0033%	4h	93.570	−0.059%	$42.9M	$101.9M	50x	as long as short
QFEX CL-USD	−0.0023%	1h	93.580	−0.048%	$2.3M	$2.4M	10x	as long as short
edgeX CLUSDC	−0.0009%	4h	93.644	+0.020%	$526K	$306K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.134%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.649	+0.025%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.580	−0.048%	$26.8M	$79.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.629	+0.004%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.620	−0.005%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.585	−0.042%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.146	−0.512%	$5K	—	150x	as long as short
Paradex CL-USD-PERPshort	+0.0015%	8h	93.573	−0.056%	$16K	$367	5x
Lighter WTI	+0.0016%	1h	93.590	−0.037%	$11.3M	$9.7M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.630	+0.005%	$2.0M	$15.4M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.590	−0.037%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.590	−0.037%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.579	−0.049%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.583	−0.045%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.588	−0.039%	$333K	$573K	10x	as long as short
KuCoin CLUSDTMlong	+0.0100%	4h	93.625	long leg	$7.1M	$2.4M	50x
ApeX Omni CLUSDT	+0.0100%	1h	93.660	+0.037%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.565	−0.064%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0211%	4h	93.560	−0.069%	$4.0M	$970K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.985%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0247% / S −0.0182%	1h	93.595	−0.032%	$84K	—	111x	as long as short