Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0251%/8h= +27.5% APRpaid last 24h +0.071%

Price spread now: BloFin against Paradex+0.004%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 BloFin

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: +$8 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	92.446	−0.0011	get 0.0011% / 8h	7h 31m	$15K	$367	5x
Short	BloFin CL-USDT	92.450	0.0240	get 0.0120% / 4h	3h 31m	$4.0M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.004%Rate

Funding earned: $52.79
Price spread: +0.004% → 0.000%: $0.38
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: $37.17
Costs to cover: 0.160%
Break-even: 2.1 days

Slippage unknown: Paradex: no order-book sample; BloFin: live order book, 2 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 BloFin live order book, 2 min ago	0.54 bp	6.5 bp −$7	7.6 bp −$76	13.6 bp −$1,356	26.9 bp −$13.4K

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
GRVT CL_USDT_Perp	−0.0356%	4h	92.460	+0.015%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0329%	4h	92.460	+0.015%	$24.0M	$80.0M	20x	as long as short
Binance CLUSDT	−0.0266%	4h	92.460	+0.015%	$245.2M	$1.07B	100x	as long as short
Variational Omni CL	−0.0260%	4h	92.441	−0.006%	$13.1M	$12.3M	—	as long as short
Gate CL_USDT	−0.0227%	8h	92.390	−0.061%	$21.3M	$55.0M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.471	+0.027%	$274K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0078%	1h	92.515	+0.074%	$932K	$732K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0074%	1h	92.470	+0.025%	$96K	$189K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0047%	1h	92.460	+0.015%	$3.5M	$6.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.451%	$399K	$960K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.450	+0.004%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0022%	1h	92.461	+0.016%	$186.6M	$257.1M	20x	as long as short
Paradex CL-USD-PERPlong	−0.0011%	8h	92.446	long leg	$15K	$367	5x
dYdX WTI-USD	0.0000%	1h	92.483	+0.040%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.469	+0.024%	$26.2M	$92.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.450	+0.004%	$43.0M	$111.1M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.579	+0.144%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.450	+0.004%	$42.1M	$50.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.490	+0.047%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.466	+0.021%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.024	−0.457%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	92.460	+0.015%	$11.2M	$10.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.500	+0.058%	$2.3M	$27.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.360	−0.094%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.490	+0.047%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.473	+0.029%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.456	+0.010%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0066%	4h	92.484	+0.041%	$532K	$299K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.464	+0.018%	$354K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.482	+0.038%	$7.3M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.550	+0.112%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.422	−0.027%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.455	+0.009%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.854%	$19K	$11K	30x	as long as short
BloFin CL-USDTshort	+0.0240%	4h	92.450	+0.004%	$4.0M	$1.4M	50x
Aftermath Perps WTIUSD	+0.0273%	1h	92.468	+0.023%	$2K	$28K	5x	as long as short