Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0194%/8h= −21.3% APRpaid last 24h −0.028%

Price spread now: Binance against Paradex+0.011%7-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 Binance

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CL-USD-PERP	93.506	0.0016	pay 0.0016% / 8h	2h 12m	$16K	$367	5x
Short	Binance CLUSDT	93.517	−0.0178	pay 0.0089% / 4h	2h 12m	$246.2M	$932.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.011%Rate

Funding earned: −$40.82
Price spread: +0.011% → 0.000%: $1.1
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$53.72
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Binance: live order book, 16 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 Binance live order book, 16 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	8.1 bp −$812	26.2 bp −$13.1K

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	−0.0391%	1h	93.510	+0.004%	$197K	$377K	15x	as long as short
GRVT CL_USDT_Perp	−0.0288%	4h	93.460	−0.050%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0286%	4h	93.540	+0.036%	$24.4M	$64.7M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0203%	1h	93.533	+0.029%	$286K	$959K	25x	as long as short
Binance CLUSDTshort	−0.0178%	4h	93.517	+0.011%	$246.2M	$932.6M	100x
Variational Omni CL	−0.0170%	4h	93.440	−0.071%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0156%	1h	93.473	−0.036%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0124%	4h	93.494	−0.013%	$42.2M	$42.7M	100x	as long as short
Nado WTI-PERP	−0.0120%	1h	93.567	+0.065%	$968K	$614K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0081%	1h	93.500	−0.007%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0076%	8h	93.470	−0.039%	$22.0M	$50.1M	100x	as long as short
tradeXYZ xyz:CL	−0.0072%	1h	93.506	0.000%	$185.0M	$213.6M	20x	as long as short
OKX CL-USDT-SWAP	−0.0042%	4h	93.520	+0.015%	$42.7M	$102.9M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	−0.007%	$404K	$931K	15x	as long as short
edgeX CLUSDC	−0.0040%	4h	93.447	−0.064%	$525K	$307K	30x	as long as short
QFEX CL-USD	−0.0032%	1h	93.510	+0.004%	$2.3M	$2.5M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	93.495	−0.012%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.540	+0.036%	$27.0M	$79.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.576	+0.074%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.500	−0.007%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.527	+0.022%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.050	−0.488%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	93.527	+0.022%	$11.2M	$9.9M	20x	as long as short
Paradex CL-USD-PERPlong	+0.0016%	8h	93.506	long leg	$16K	$367	5x
Extended WTI-USD	+0.0032%	1h	93.550	+0.047%	$2.0M	$16.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.480	−0.028%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.520	+0.015%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.534	+0.029%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.509	+0.003%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.522	+0.017%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0088%	4h	93.533	+0.029%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.460	−0.050%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.484	−0.024%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0194%	4h	93.480	−0.028%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.773%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0239% / S −0.0172%	1h	93.515	+0.009%	$84K	—	111x	as long as short