Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h −0.023%

Price spread now: tradeXYZ against Paradex+0.036%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 tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.036% dearer against Paradex than usual: you sell high and buy low: +$4 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	92.110	−0.0093	get 0.0093% / 8h	36m 12s	$15K	$367	5x
Short	tradeXYZ xyz:CL	92.144	−0.0075	pay 0.0009% / 1h	36m 12s	$187.0M	$274.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.036%Rate

Funding earned: $3.8
Price spread: +0.036% → 0.000%: $3.64
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$14.55
Costs to cover: 0.220%
Break-even: 33.8 days

Slippage unknown: Paradex: no order-book sample; tradeXYZ: 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 tradeXYZ live order book, 4 min ago	0.11 bp	9.2 bp −$9	9.5 bp −$95	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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.162	+0.056%	$274K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0314%	4h	92.040	−0.076%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0242%	4h	92.140	+0.032%	$23.9M	$77.5M	20x	as long as short
Binance CLUSDT	−0.0164%	4h	92.125	+0.015%	$245.0M	$1.10B	100x	as long as short
Nado WTI-PERP	−0.0163%	1h	92.196	+0.093%	$924K	$740K	10x	as long as short
Variational Omni CL	−0.0145%	4h	92.124	+0.015%	$13.4M	$12.4M	—	as long as short
Lighter WTI	−0.0104%	1h	92.115	+0.005%	$11.2M	$10.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0096%	1h	92.130	+0.021%	$3.5M	$6.4M	20x	as long as short
Paradex CL-USD-PERPlong	−0.0093%	8h	92.110	long leg	$15K	$367	5x
tradeXYZ xyz:CLshort	−0.0075%	1h	92.144	+0.036%	$187.0M	$274.8M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0054%	1h	92.120	+0.010%	$2.4M	$2.6M	10x	as long as short
Bullet WTIOIL-USD	−0.0036%	1h	92.134	+0.025%	$18K	$241K	10x	as long as short
Gate CL_USDT	−0.0029%	8h	92.070	−0.044%	$21.3M	$57.7M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.150	+0.043%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.196	+0.093%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.143	+0.035%	$25.6M	$94.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.120	+0.010%	$43.1M	$112.9M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.249	+0.151%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.110	0.000%	$42.0M	$51.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.120	+0.010%	$37K	$101K	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.150	+0.043%	$96K	$189K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.087%	$399K	$966K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.691	−0.455%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.175	+0.070%	$2.0M	$27.4M	10x	as long as short
edgeX CLUSDC	+0.0035%	4h	92.111	0.000%	$530K	$332K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.130	+0.021%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.180	+0.076%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.132	+0.023%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.125	+0.016%	$2.0M	$39K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.176	+0.071%	$7.1M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.170	+0.065%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.111	0.000%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0112%	1h	92.162	+0.056%	$2K	$29K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.115	+0.005%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.18	+9.847%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.150	+0.043%	$4.0M	$1.4M	50x	as long as short