Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.030%

Price spread now: Aevo against Paradex−0.036%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.036% cheaper against Paradex than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 41 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CL-USD-PERP	92.832	0.0034	pay 0.0034% / 8h	6h 03m	$16K	$367	5x
Short	Aevo WTIOIL-PERP	92.799	0.0104	get 0.0013% / 1h	3m 24s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now −0.036%Rate

Funding earned: $14.71
Price spread: −0.036% → 0.000%: −$3.58
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$8.87
Costs to cover: 0.200%
Break-even: 11.2 days

Slippage unknown: Paradex: no order-book sample; Aevo: 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 Paradex no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Paradex and Aevo: 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 35 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	−0.0504%	1h	92.800	−0.035%	$198K	$365K	15x	as long as short
Aster CLUSD1	−0.0256%	4h	92.860	+0.030%	$24.0M	$71.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0222%	4h	92.836	+0.004%	$53K	$623K	25x	as long as short
Binance CLUSDT	−0.0222%	4h	92.837	+0.005%	$244.4M	$964.8M	100x	as long as short
Variational Omni CL	−0.0219%	4h	92.809	−0.025%	$13.4M	$11.1M	—	as long as short
Gate CL_USDT	−0.0098%	8h	92.780	−0.056%	$20.9M	$54.2M	100x	as long as short
Nado WTI-PERP	−0.0075%	1h	92.894	+0.066%	$963K	$669K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.089%	$402K	$946K	15x	as long as short
tradeXYZ xyz:CL	−0.0043%	1h	92.832	0.000%	$184.5M	$219.3M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.866	+0.036%	$273K	$883K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0033%	1h	92.840	+0.008%	$2.5M	$1.7M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0018%	1h	92.820	−0.013%	$3.5M	$5.6M	20x	as long as short
OKX CL-USDT-SWAP	−0.0006%	4h	92.830	−0.003%	$42.9M	$102.7M	50x	as long as short
Aftermath Perps WTIUSD	−0.0004%	1h	92.847	+0.016%	$2K	$28K	5x	as long as short
edgeX CLUSDC	−0.0002%	4h	92.863	+0.032%	$529K	$302K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	92.829	−0.004%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.845	+0.014%	$26.9M	$81.6M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.828	−0.005%	$41.9M	$43.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.870	+0.041%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.833	+0.001%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.384	−0.483%	$5K	—	150x	as long as short
Lighter WTI	+0.0032%	1h	92.844	+0.013%	$11.2M	$10.5M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.880	+0.051%	$2.1M	$23.8M	10x	as long as short
Paradex CL-USD-PERPlong	+0.0034%	8h	92.832	long leg	$16K	$367	5x
RISEx CL/USDC	+0.0037%	1h	92.967	+0.145%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.498%	$726K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.860	+0.030%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.852	+0.021%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.833	+0.001%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0086%	4h	92.849	+0.018%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.844	+0.013%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.810	−0.024%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERPshort	+0.0104%	1h	92.799	−0.036%	$4K	—	10x
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.825	−0.008%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.04	+9.914%	$19K	$11K	30x	as long as short