Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.021%

Price spread now: KuCoin against Paradex+0.237%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 KuCoin

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 +$3 a day on $10k at the current rate, and KuCoin is 0.237% dearer against Paradex than usual: you sell high and buy low: +$24 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	90.255	0.0017	pay 0.0017% / 8h	4h 47m	$15K	$458	5x
Short	KuCoin CLUSDTM	90.469	0.0100	get 0.0050% / 4h	47m 14s	$6.8M	$3.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.237%Rate

Funding earned: $17.52
Price spread: +0.237% → 0.000%: $23.66
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $25.18
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	1.50 bp	8.7 bp −$9	doesn't fit	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 exchanges

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	−0.0231%	1h	90.338	+0.091%	$313K	$2.2M	25x	as long as short
Aftermath Perps WTIUSD	−0.0153%	1h	90.113	−0.158%	$1K	$26K	5x	as long as short
tradeXYZ xyz:CL	−0.0128%	1h	90.288	+0.036%	$175.0M	$253.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0116%	4h	90.279	+0.026%	$68K	$645K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0098%	1h	90.180	−0.084%	$3.4M	$6.7M	20x	as long as short
Bitget CLUSDT	−0.0096%	4h	90.462	+0.229%	$40.8M	$59.2M	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0082%	1h	90.420	+0.182%	$38K	$642K	15x	as long as short
Aster CLUSD1	−0.0078%	4h	90.500	+0.271%	$24.5M	$73.3M	20x	as long as short
Nado WTI-PERP	−0.0069%	1h	90.345	+0.099%	$891K	$710K	10x	as long as short
Extended WTI-USD	−0.0056%	1h	90.440	+0.204%	$1.3M	$14.0M	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0037%	4h	90.332	+0.085%	$503K	$374K	30x	as long as short
Binance CLUSDT	−0.0032%	4h	90.468	+0.236%	$247.1M	$1.24B	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0024%	1h	90.450	+0.216%	$456K	$1.8M	15x	as long as short
Gate CL_USDT	−0.0021%	8h	90.320	+0.071%	$23.9M	$56.2M	100x	as long as short
QFEX CL-USD	−0.0017%	1h	90.200	−0.061%	$2.2M	$3.0M	10x	as long as short
Phoenix WTIOIL	−0.0009%	1h	90.070	−0.205%	$33K	$38K	20x	as long as short
Variational Omni CL	−0.0005%	4h	89.971	−0.315%	$12.6M	$11.3M	—	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	90.064	−0.212%	$613	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.339	+0.093%	$9K	$4K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.470	+0.238%	$29.5M	$113.8M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	90.510	+0.282%	$40.6M	$140.8M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	90.281	+0.028%	$2.8M	$3.1M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.303	+0.052%	$18K	$234K	10x	as long as short
Lighter WTI	+0.0016%	1h	90.431	+0.194%	$10.6M	$11.1M	20x	as long as short
Paradex CL-USD-PERPlong	+0.0017%	8h	90.255	long leg	$15K	$458	5x
Injective WTI/USDC PERP	+0.0033%	1h	90.137	−0.131%	$16K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.340	+0.094%	$696K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.280	+0.027%	—	$315K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.234	−0.024%	$1.7M	$1.5M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.428	+0.191%	$2.0M	$87K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.291	+0.039%	$317K	$758K	10x	as long as short
KuCoin CLUSDTMshort	+0.0100%	4h	90.469	+0.237%	$6.8M	$3.2M	50x
ApeX Omni CLUSDT	+0.0100%	1h	90.520	+0.293%	$53K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.392	+0.151%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0158% / S +0.0008%	1h	90.425	+0.188%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0238%	4h	90.390	+0.149%	$3.9M	$1.0M	50x	as long as short