Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0015%/8h= −1.7% APRpaid last 24h +0.015%

Price spread now: RISEx against Paradex+0.096%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 RISEx

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

The price spread pays, funding is against you. RISEx is 0.096% dearer against Paradex than usual: you sell high and buy low (spread +0.096% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CL-USD-PERP	93.071	0.0015	pay 0.0015% / 8h	4h 39m	$16K	$367	5x
Short	RISEx CL/USDC	93.160	0	get 0.0000% / 1h	39m 03s	$3.1M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.096%Rate

Funding earned: −$3.24
Price spread: +0.096% → 0.000%: $9.62
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$3.62
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; RISEx: live order book, 5 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 RISEx live order book, 5 min ago	0.05 bp	5.2 bp −$5	6.7 bp −$67	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 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	−0.0609%	1h	93.020	−0.055%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0248%	4h	93.070	−0.001%	$24.0M	$67.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0242%	4h	93.158	+0.093%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	93.078	+0.007%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0192%	4h	93.064	−0.007%	$244.6M	$951.7M	100x	as long as short
Variational Omni CL	−0.0183%	4h	93.158	+0.093%	$13.5M	$11.0M	—	as long as short
Ondo Perps WTI-USD.P	−0.0115%	1h	93.070	−0.001%	$3.5M	$5.6M	20x	as long as short
tradeXYZ xyz:CL	−0.0110%	1h	93.062	−0.010%	$184.7M	$215.5M	20x	as long as short
Aftermath Perps WTIUSD	−0.0093%	1h	93.167	+0.103%	$2K	$27K	5x	as long as short
Bitget CLUSDT	−0.0084%	4h	93.042	−0.031%	$41.9M	$43.9M	100x	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	−0.0069%	4h	93.070	−0.001%	$42.6M	$102.8M	50x	as long as short
Gate CL_USDT	−0.0056%	8h	93.010	−0.065%	$20.9M	$51.5M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.345%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	93.070	−0.001%	$2.5M	$1.7M	10x	as long as short
edgeX CLUSDC	−0.0041%	4h	93.173	+0.110%	$530K	$299K	30x	as long as short
Nado WTI-PERP	−0.0029%	1h	93.173	+0.110%	$963K	$653K	10x	as long as short
Lighter WTI	−0.0016%	1h	93.060	−0.012%	$11.2M	$10.5M	20x	as long as short
KuCoin CLUSDTM	−0.0008%	4h	93.115	+0.047%	$7.1M	$2.4M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	93.188	+0.126%	$8K	$3K	5x	as long as short
Extended WTI-USD	0.0000%	1h	93.100	+0.031%	$2.1M	$21.2M	10x	as long as short
Bybit CLUSDT	0.0000%	8h	93.080	+0.010%	$26.7M	$80.8M	150x	as long as short
RISEx CL/USDCshort	0.0000%	1h	93.160	+0.096%	$3.1M	$2.9M	20x
Phoenix WTIOIL	0.0000%	1h	93.210	+0.149%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.085	+0.015%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.620	−0.485%	$5K	—	150x	as long as short
Paradex CL-USD-PERPlong	+0.0015%	8h	93.071	long leg	$16K	$367	5x
StandX CL-USD	+0.0040%	1h	93.140	+0.074%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.130	+0.063%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.102	+0.033%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.057	−0.015%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.107	+0.038%	$329K	$621K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.170	+0.106%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.029	−0.045%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0172%	4h	93.130	+0.063%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0210% / S −0.0134%	1h	93.055	−0.017%	$79K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.31	+9.929%	$19K	$11K	30x	as long as short