Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h +0.022%

Price spread now: ApeX Omni against Paradex+0.028%50s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on ApeX Omni

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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and ApeX Omni is 0.028% dearer against Paradex than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CL-USD-PERP	92.165	−0.0061	get 0.0061% / 8h	20m 23s	$15K	$367	5x
Short	ApeX Omni CLUSDT	92.190	0.0100	get 0.0013% / 1h	20m 23s	$56K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.028%Rate

Funding earned: $33.81
Price spread: +0.028% → 0.000%: $2.76
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $22.57
Costs to cover: 0.140%
Break-even: 2.3 days

Slippage unknown: Paradex: no order-book sample; ApeX Omni: live order book, 57 min ago. 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 ApeX Omni live order book, 57 min ago	8.70 bp	19.9 bp −$20	187.5 bp −$1,875	doesn't fit	doesn't fit

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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.219	+0.059%	$273K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0316%	4h	92.191	+0.029%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0268%	4h	92.210	+0.049%	$24.0M	$77.6M	20x	as long as short
Binance CLUSDT	−0.0185%	4h	92.196	+0.034%	$244.5M	$1.09B	100x	as long as short
Variational Omni CL	−0.0168%	4h	92.173	+0.009%	$13.3M	$12.7M	—	as long as short
Nado WTI-PERP	−0.0136%	1h	92.231	+0.073%	$925K	$737K	10x	as long as short
Lighter WTI	−0.0072%	1h	92.168	+0.004%	$11.2M	$10.9M	20x	as long as short
Paradex CL-USD-PERPlong	−0.0061%	8h	92.165	long leg	$15K	$367	5x
QFEX CL-USD	−0.0054%	1h	92.180	+0.017%	$2.4M	$2.3M	10x	as long as short
tradeXYZ xyz:CL	−0.0051%	1h	92.196	+0.034%	$186.4M	$275.0M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0046%	1h	92.160	−0.005%	$3.5M	$6.3M	20x	as long as short
Gate CL_USDT	−0.0032%	8h	92.120	−0.048%	$21.3M	$58.0M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.192	+0.030%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.274	+0.119%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.210	+0.049%	$25.9M	$94.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.190	+0.028%	$43.0M	$112.8M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.304	+0.151%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.180	+0.017%	$42.0M	$51.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.230	+0.071%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.197	+0.035%	$19K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.200	+0.038%	$96K	$189K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.146%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.759	−0.440%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.220	+0.060%	$2.0M	$26.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.190	+0.028%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.220	+0.060%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.186	+0.023%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.185	+0.022%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0062%	4h	92.213	+0.053%	$530K	$325K	30x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.200	+0.038%	$7.1M	$2.1M	50x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	92.190	+0.028%	$56K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	92.177	+0.014%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.195	+0.033%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.18	+9.783%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.200	+0.038%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0311%	1h	92.207	+0.046%	$2K	$29K	5x	as long as short