Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0205%/8h= +22.4% APRpaid last 24h +0.040%

Price spread now: Injective against Paradex+13.028%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 Injective

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 +$6 a day on $10k at the current rate, and Injective is 13.028% dearer against Paradex than usual: you sell high and buy low: +$1,303 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CL-USD-PERP	90.362	0.0015	pay 0.0015% / 8h	7h 01m	$15K	$367	5x
Short	Injective WTI/USDC PERP	102.13	0.0220	get 0.0028% / 1h	1m 52s	$19K	$5K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +13.028%Rate

Funding earned: $43.03
Price spread: +13.028% → 0.000%: $1,302.79
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,341.8
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Injective: 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 Injective no order-book sample	—	—	—	—	—

Paradex and Injective: 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	−0.0414%	1h	90.320	−0.046%	$181K	$415K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0322%	1h	90.361	−0.001%	$265K	$1.0M	25x	as long as short
Aster CLUSD1	−0.0206%	4h	90.270	−0.102%	$24.5M	$60.6M	20x	as long as short
Binance CLUSDT	−0.0124%	4h	90.240	−0.135%	$245.0M	$1.02B	100x	as long as short
Gate CL_USDT	−0.0107%	8h	90.190	−0.190%	$22.9M	$53.2M	100x	as long as short
Bitget CLUSDT	−0.0104%	4h	90.241	−0.134%	$40.6M	$45.4M	100x	as long as short
Variational Omni CL	−0.0102%	4h	90.380	+0.020%	$13.1M	$10.9M	—	as long as short
GRVT CL_USDT_Perp	−0.0092%	4h	90.248	−0.126%	$70K	$616K	25x	as long as short
Nado WTI-PERP	−0.0091%	1h	90.434	+0.080%	$933K	$600K	10x	as long as short
edgeX CLUSDC	−0.0071%	4h	90.283	−0.087%	$527K	$342K	30x	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	−0.0052%	4h	90.250	−0.124%	$41.2M	$109.8M	50x	as long as short
Aftermath Perps WTIUSD	−0.0038%	1h	90.751	+0.431%	$1K	$27K	5x	as long as short
QFEX CL-USD	−0.0026%	1h	90.360	−0.002%	$2.2M	$2.9M	10x	as long as short
tradeXYZ xyz:CL	−0.0024%	1h	90.269	−0.103%	$176.7M	$204.8M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.925	−0.483%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.381	+0.021%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.253	−0.120%	$25.9M	$89.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.625	+0.291%	$2.9M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.355	−0.007%	$18K	$238K	10x	as long as short
Phoenix WTIOIL	+0.0009%	1h	90.590	+0.253%	$36K	$39K	20x	as long as short
Paradex CL-USD-PERPlong	+0.0015%	8h	90.362	long leg	$15K	$367	5x
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	90.300	−0.068%	$406K	$1.0M	15x	as long as short
Lighter WTI	+0.0024%	1h	90.322	−0.044%	$11.0M	$9.4M	20x	as long as short
Ondo Perps WTI-USD.P	+0.0030%	1h	90.340	−0.024%	$3.5M	$5.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	90.280	−0.090%	$1.6M	$13.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	90.550	+0.208%	$704K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.390	+0.031%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.350	−0.013%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.340	−0.024%	$2.0M	$79K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.387	+0.028%	$335K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.266	−0.106%	$6.9M	$2.8M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.430	+0.076%	$53K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.322	−0.044%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0190%	4h	90.480	+0.131%	$4.1M	$997K	50x	as long as short
Injective WTI/USDC PERPshort	+0.0220%	1h	102.13	+13.028%	$19K	$5K	30x
GMX WTIOIL/USD [ETH-USDC]	L +0.0254% / S −0.0184%	1h	90.315	−0.052%	$84K	—	111x	as long as short