Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.008%

Price spread now: QFEX against Paradex+0.018%54s7-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 QFEX

What this pair did over the last

the charts below follow

Funding, last 3 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CL-USD-PERP	92.133	−0.0032	get 0.0032% / 8h	7h 53m	$15K	$367	5x
Short	QFEX CL-USD	92.150	−0.0040	pay 0.0005% / 1h	53m 44s	$2.4M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$1.7
Price spread: +0.018% → 0.000%: $1.83
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$13.86
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; QFEX: live order book, 9 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 QFEX live order book, 9 min ago	2.17 bp	8.8 bp −$9	9.3 bp −$93	10.4 bp −$1,044	20.8 bp −$10.4K

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
GRVT CL_USDT_Perp	−0.0566%	4h	92.074	−0.064%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0313%	4h	92.160	+0.029%	$23.8M	$78.7M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0292%	1h	92.150	+0.018%	$96K	$189K	15x	as long as short
Binance CLUSDT	−0.0239%	4h	92.150	+0.018%	$244.2M	$1.09B	100x	as long as short
Variational Omni CL	−0.0223%	4h	92.093	−0.044%	$13.2M	$12.7M	—	as long as short
Gate CL_USDT	−0.0194%	8h	92.080	−0.058%	$21.3M	$54.2M	100x	as long as short
Bybit CLUSDT	−0.0163%	8h	92.150	+0.018%	$25.9M	$93.8M	150x	as long as short
Nado WTI-PERP	−0.0134%	1h	92.223	+0.097%	$923K	$732K	10x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.175	+0.045%	$273K	$1.2M	25x	as long as short
Ondo Perps WTI-USD.P	−0.0062%	1h	92.100	−0.036%	$3.5M	$6.2M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0055%	1h	92.167	+0.037%	$185.7M	$261.3M	20x	as long as short
Lighter WTI	−0.0040%	1h	92.150	+0.018%	$11.2M	$9.9M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.112%	$399K	$961K	15x	as long as short
QFEX CL-USDshort	−0.0040%	1h	92.150	+0.018%	$2.4M	$2.3M	10x
Paradex CL-USD-PERPlong	−0.0032%	8h	92.133	long leg	$15K	$367	5x
dYdX WTI-USD	0.0000%	1h	92.160	+0.029%	$8K	$3K	5x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.130	−0.003%	$42.9M	$111.3M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.289	+0.170%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.143	+0.011%	$41.9M	$51.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.280	+0.159%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.156	+0.025%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.728	−0.440%	$5K	—	150x	as long as short
ApeX Omni CLUSDT	+0.0006%	1h	92.130	−0.003%	$56K	$265K	50x	as long as short
Extended WTI-USD	+0.0032%	1h	92.210	+0.083%	$2.0M	$26.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.160	+0.029%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.210	+0.083%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.171	+0.041%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.140	+0.007%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0055%	4h	92.179	+0.050%	$530K	$305K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.149	+0.017%	$353K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.170	+0.040%	$7.3M	$2.2M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.176	+0.047%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0131%	1h	92.135	+0.002%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.38	+10.039%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.170	+0.040%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0471%	1h	92.134	+0.001%	$2K	$29K	5x	as long as short