Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0079%/8h= +8.6% APRpaid last 24h +0.021%

Price spread now: Pacifica against Paradex+0.019%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 Pacifica

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 · Pacifica: 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: +$2 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	89.929	0.0021	pay 0.0021% / 8h	4h 52m	$15K	$458	5x
Short	Pacifica CL	89.946	0.0100	get 0.0013% / 1h	52m 01s	$308K	$744K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.019%Rate

Funding earned: $16.53
Price spread: +0.019% → 0.000%: $1.92
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $6.46
Costs to cover: 0.120%
Break-even: 4.3 days

Slippage unknown: Paradex: no order-book sample; Pacifica: live order book, 55 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 Pacifica live order book, 55 min ago	0.84 bp	doesn't fit	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	89.991	+0.069%	$307K	$1.9M	25x	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	89.795	−0.149%	$1K	$26K	5x	as long as short
tradeXYZ xyz:CL	−0.0118%	1h	90.031	+0.113%	$174.1M	$248.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0108%	4h	89.900	−0.032%	$67K	$645K	25x	as long as short
Bitget CLUSDT	−0.0096%	4h	90.024	+0.106%	$40.8M	$56.7M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0083%	1h	89.880	−0.055%	$3.4M	$6.4M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0083%	1h	90.020	+0.101%	$39K	$643K	15x	as long as short
Aster CLUSD1	−0.0071%	4h	90.057	+0.143%	$24.4M	$72.4M	20x	as long as short
Nado WTI-PERP	−0.0061%	1h	89.996	+0.075%	$889K	$704K	10x	as long as short
Extended WTI-USD	−0.0048%	1h	90.010	+0.090%	$1.3M	$13.2M	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	−0.0048%	4h	89.892	−0.041%	$500K	$373K	30x	as long as short
Binance CLUSDT	−0.0026%	4h	90.013	+0.093%	$245.8M	$1.21B	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0024%	1h	89.760	−0.188%	$416K	$1.5M	15x	as long as short
QFEX CL-USD	−0.0017%	1h	89.920	−0.010%	$2.2M	$2.9M	10x	as long as short
Lighter WTI	−0.0016%	1h	90.009	+0.089%	$10.6M	$10.9M	20x	as long as short
Gate CL_USDT	−0.0015%	8h	89.990	+0.068%	$24.0M	$54.7M	100x	as long as short
Phoenix WTIOIL	−0.0009%	1h	89.790	−0.155%	$33K	$38K	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.623	−0.340%	$610	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.948	+0.021%	$9K	$4K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.050	+0.134%	$29.0M	$110.0M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	90.020	+0.101%	$40.5M	$135.1M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	90.013	+0.093%	$2.8M	$3.1M	20x	as long as short
Variational Omni CL	0.0000%	4h	89.821	−0.120%	$12.6M	$11.3M	—	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.954	+0.028%	$17K	$234K	10x	as long as short
Paradex CL-USD-PERPlong	+0.0021%	8h	89.929	long leg	$15K	$458	5x
Injective WTI/USDC PERP	+0.0033%	1h	90.137	+0.231%	$16K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	89.890	−0.043%	$693K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.940	+0.012%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.900	−0.032%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.010	+0.090%	$2.0M	$85K	20x	as long as short
Pacifica CLshort	+0.0100%	1h	89.946	+0.019%	$308K	$744K	10x
KuCoin CLUSDTM	+0.0100%	4h	90.029	+0.111%	$6.8M	$3.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.010	+0.090%	$52K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.970	+0.046%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0159% / S +0.0008%	1h	89.975	+0.051%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	89.880	−0.055%	$3.9M	$1.1M	50x	as long as short