Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0044%/8h= −4.9% APRpaid last 24h −0.013%

Price spread now: gTrade (Gains Network) against Paradex−0.446%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 gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (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 against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.446% cheaper against Paradex than usual: you would sell low and buy high (−$45 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	Paradex CL-USD-PERP	92.997	0.0009	pay 0.0009% / 8h	7h 43m	$16K	$367	5x
Short	gTrade (Gains Network) WTI/USD	92.582	L 0.0000% / S +0.0036%	pay 0.0004% / 1h	43m 26s	$5K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.446%Rate

Funding earned: −$9.32
Price spread: −0.446% → 0.000%: −$44.61
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Net: −$65.93
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—

Paradex and gTrade (Gains Network): 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	−0.0502%	1h	93.010	+0.014%	$188K	$408K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	93.054	+0.061%	$270K	$930K	25x	as long as short
Aster CLUSD1	−0.0236%	4h	93.060	+0.068%	$24.7M	$61.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0202%	4h	92.962	−0.037%	$74K	$614K	25x	as long as short
Binance CLUSDT	−0.0137%	4h	93.030	+0.036%	$246.5M	$930.5M	100x	as long as short
Variational Omni CL	−0.0120%	4h	92.980	−0.018%	$13.6M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0109%	1h	93.076	+0.085%	$953K	$609K	10x	as long as short
Gate CL_USDT	−0.0107%	8h	92.980	−0.018%	$23.4M	$49.1M	100x	as long as short
Bitget CLUSDT	−0.0088%	4h	93.033	+0.039%	$42.1M	$41.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0072%	1h	93.010	+0.014%	$2K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0058%	4h	93.010	+0.014%	$42.6M	$103.3M	50x	as long as short
tradeXYZ xyz:CL	−0.0033%	1h	93.025	+0.030%	$184.4M	$196.4M	20x	as long as short
QFEX CL-USD	−0.0026%	1h	93.020	+0.025%	$2.3M	$2.4M	10x	as long as short
edgeX CLUSDC	−0.0020%	4h	92.998	+0.001%	$542K	$343K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.042	+0.049%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.040	+0.046%	$27.4M	$80.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.074	+0.083%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.978	−0.020%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USDshort	L 0.0000% / S +0.0036%	1h	92.582	−0.446%	$5K	—	150x
Phoenix WTIOIL	+0.0009%	1h	93.020	+0.025%	$37K	$39K	20x	as long as short
Paradex CL-USD-PERPlong	+0.0009%	8h	92.997	long leg	$16K	$367	5x
Ondo Perps WTI-USD.P	+0.0015%	1h	93.010	+0.014%	$3.6M	$5.3M	20x	as long as short
Lighter WTI	+0.0016%	1h	93.028	+0.034%	$11.3M	$8.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.175%	$404K	$794K	15x	as long as short
Extended WTI-USD	+0.0032%	1h	93.050	+0.057%	$1.7M	$14.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.000	+0.003%	$733K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.010	+0.014%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.028	+0.034%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.036	+0.042%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.045	+0.051%	$347K	$586K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.036	+0.042%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	−0.040%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.009	+0.013%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	93.025	+0.030%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0182%	4h	92.980	−0.018%	$4.1M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.825%	$19K	$5K	30x	as long as short