Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0045%/8h= +4.9% APRpaid last 24h +0.013%

Price spread now: Polymarket Perps against Paradex+0.029%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 Polymarket Perps

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 +$1 a day on $10k at the current rate, and Polymarket Perps is 0.029% dearer against Paradex than usual: you sell high and buy low: +$3 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	93.441	0.0005	pay 0.0005% / 8h	1h 05m	$16K	$367	5x
Short	Polymarket Perps WTIOIL-USD	93.468	0.0050	get 0.0006% / 1h	5m 44s	$1.7M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.029%Rate

Funding earned: $9.41
Price spread: +0.029% → 0.000%: $2.92
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $0.33
Costs to cover: 0.120%
Break-even: 6.8 days

Slippage unknown: Paradex: no order-book sample; Polymarket Perps: live order book, 3 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 Polymarket Perps live order book, 3 min ago	2.57 bp	6.7 bp −$7	8.3 bp −$83	11.2 bp −$1,119	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 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	−0.0499%	1h	93.440	−0.001%	$196K	$386K	15x	as long as short
GRVT CL_USDT_Perp	−0.0296%	4h	93.399	−0.044%	$53K	$628K	25x	as long as short
Aster CLUSD1	−0.0296%	4h	93.466	+0.027%	$24.6M	$66.0M	20x	as long as short
Binance CLUSDT	−0.0166%	4h	93.432	−0.009%	$247.4M	$918.5M	100x	as long as short
Variational Omni CL	−0.0153%	4h	93.439	−0.002%	$13.4M	$10.7M	—	as long as short
Ondo Perps WTI-USD.P	−0.0138%	1h	93.370	−0.076%	$3.5M	$5.3M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.478	+0.040%	$276K	$967K	25x	as long as short
Aftermath Perps WTIUSD	−0.0137%	1h	93.462	+0.022%	$2K	$26K	5x	as long as short
Gate CL_USDT	−0.0126%	8h	93.360	−0.086%	$22.6M	$50.6M	100x	as long as short
Bitget CLUSDT	−0.0126%	4h	93.411	−0.032%	$42.4M	$42.2M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0091%	4h	93.418	−0.024%	$525K	$304K	30x	as long as short
tradeXYZ xyz:CL	−0.0084%	1h	93.436	−0.005%	$184.7M	$204.0M	20x	as long as short
Nado WTI-PERP	−0.0073%	1h	93.530	+0.096%	$962K	$634K	10x	as long as short
OKX CL-USDT-SWAP	−0.0058%	4h	93.420	−0.022%	$42.9M	$102.1M	50x	as long as short
QFEX CL-USD	−0.0023%	1h	93.450	+0.010%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.540	+0.106%	$405K	$917K	15x	as long as short
Lighter WTI	0.0000%	1h	93.428	−0.014%	$11.3M	$9.7M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.487	+0.050%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.436	−0.005%	$26.7M	$79.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.489	+0.051%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.460	+0.021%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.449	+0.009%	$20K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.014	−0.457%	$5K	—	150x	as long as short
Paradex CL-USD-PERPlong	+0.0005%	8h	93.441	long leg	$16K	$367	5x
Extended WTI-USD	+0.0032%	1h	93.480	+0.042%	$2.0M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.500	+0.063%	$741K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.480	+0.042%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USDshort	+0.0050%	1h	93.468	+0.029%	$1.7M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	93.459	+0.020%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.458	+0.019%	$332K	$572K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.481	+0.043%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.400	−0.044%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.424	−0.018%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0187%	4h	93.450	+0.010%	$4.1M	$969K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.82	+10.037%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0249% / S −0.0184%	1h	93.415	−0.027%	$84K	—	111x	as long as short