Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0203%/8h= −22.2% APRpaid last 24h +0.001%

Price spread now: Paradex against Pacifica−0.022%7-day average — · you buy dearer than you sell

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

Long on Pacifica 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 airdropPacifica: Active · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Paradex is 0.022% cheaper against Pacifica than usual: you would sell low and buy high (−$2 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	Pacifica CL	91.927	0.0100	pay 0.0013% / 1h	29m 16s	$332K	$579K	10x
Short	Paradex CL-USD-PERP	91.906	−0.0103	pay 0.0103% / 8h	1h 29m	$15K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Pacifica. 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 PacificabpFee ParadexbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$42.6
Price spread: −0.022% → 0.000%: −$2.2
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$56.8
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 54 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 Pacifica live order book, 54 min ago	0.05 bp	8.0 bp −$8	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
Lighter WTI	−0.0328%	1h	91.869	−0.063%	$11.0M	$11.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0294%	1h	91.920	−0.007%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	−0.0206%	1h	91.932	+0.006%	$2K	$30K	5x	as long as short
Nado WTI-PERP	−0.0187%	1h	91.988	+0.066%	$922K	$749K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0184%	1h	91.840	−0.094%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0161%	1h	91.931	+0.005%	$184.9M	$284.0M	20x	as long as short
Bullet WTIOIL-USD	−0.0148%	1h	91.912	−0.016%	$18K	$240K	10x	as long as short
Paradex CL-USD-PERPshort	−0.0103%	8h	91.906	−0.022%	$15K	$367	5x
GRVT CL_USDT_Perp	−0.0098%	4h	91.886	−0.044%	$58K	$726K	25x	as long as short
Aster CLUSD1	−0.0072%	4h	91.920	−0.007%	$23.9M	$78.5M	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	−0.0032%	1h	91.960	+0.036%	$2.0M	$29.1M	10x	as long as short
Polymarket Perps WTIOIL-USD	−0.0021%	1h	91.915	−0.013%	$1.6M	$1.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.939	+0.014%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.900	−0.029%	$245.3M	$1.12B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.922	−0.005%	$25.3M	$97.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.910	−0.018%	$43.1M	$113.9M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.890	−0.040%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.850	−0.083%	$21.2M	$59.1M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.892	−0.038%	$42.0M	$55.3M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.884	−0.047%	$13.4M	$13.6M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.497	−0.467%	$4K	—	150x	as long as short
StandX CL-USD	+0.0001%	1h	91.890	−0.040%	$722K	$3.1M	40x	as long as short
ApeX Omni CLUSDT	+0.0003%	1h	91.850	−0.083%	$55K	$266K	50x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.920	−0.007%	$37K	$99K	20x	as long as short
edgeX CLUSDC	+0.0040%	4h	91.919	−0.008%	$529K	$342K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	+0.102%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.915	−0.013%	$2.0M	$39K	20x	as long as short
Pacifica CLlong	+0.0100%	1h	91.927	long leg	$332K	$579K	10x
KuCoin CLUSDTM	+0.0100%	4h	91.923	−0.004%	$7.3M	$2.1M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.888	−0.042%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.720	−0.225%	$384K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.863%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.895	−0.034%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.920	−0.007%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0451%	1h	91.915	−0.013%	$260K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.031	+0.113%	$3.2M	$2.8M	20x	as long as short