Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.013%

Price spread now: Paradex against Polymarket Perps−0.013%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Paradex

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WTIOIL-USD	92.894	0.0050	pay 0.0006% / 1h	57m 21s	$1.6M	$1.3M	20x
Short	Paradex CL-USD-PERP	92.882	0.0035	get 0.0035% / 8h	5h 57m	$16K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Polymarket Perps. 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 Polymarket PerpsbpFee ParadexbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$3.14
Price spread: −0.013% → 0.000%: −$1.29
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$16.43
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 1 min ago; Paradex: no order-book sample. 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 Polymarket Perps live order book, 1 min ago	2.31 bp	6.6 bp −$7	8.3 bp −$83	11.6 bp −$1,155	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 35 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	−0.0504%	1h	92.830	−0.069%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0244%	4h	92.908	+0.016%	$24.0M	$71.1M	20x	as long as short
Variational Omni CL	−0.0211%	4h	92.799	−0.103%	$13.5M	$11.1M	—	as long as short
Binance CLUSDT	−0.0210%	4h	92.860	−0.037%	$244.7M	$963.1M	100x	as long as short
GRVT CL_USDT_Perp	−0.0210%	4h	92.938	+0.047%	$61K	$633K	25x	as long as short
Nado WTI-PERP	−0.0095%	1h	92.942	+0.052%	$962K	$670K	10x	as long as short
Gate CL_USDT	−0.0092%	8h	92.820	−0.080%	$20.9M	$52.0M	100x	as long as short
tradeXYZ xyz:CL	−0.0058%	1h	92.884	−0.011%	$184.7M	$219.5M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.155%	$402K	$946K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.870	−0.026%	$2.5M	$1.7M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0029%	4h	92.808	−0.093%	$528K	$303K	30x	as long as short
Ondo Perps WTI-USD.P	−0.0022%	1h	92.880	−0.015%	$3.5M	$5.7M	20x	as long as short
Aftermath Perps WTIUSD	−0.0013%	1h	92.896	+0.002%	$2K	$28K	5x	as long as short
OKX CL-USDT-SWAP	−0.0003%	4h	92.860	−0.037%	$42.8M	$102.5M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.909	+0.016%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.886	−0.009%	$26.9M	$81.5M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.876	−0.019%	$41.9M	$43.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.930	+0.039%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.879	−0.016%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.425	−0.505%	$5K	—	150x	as long as short
Lighter WTI	+0.0032%	1h	92.898	+0.004%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.930	+0.039%	$2.1M	$23.6M	10x	as long as short
Paradex CL-USD-PERPshort	+0.0035%	8h	92.882	−0.013%	$16K	$367	5x
StandX CL-USD	+0.0040%	1h	92.330	−0.607%	$726K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.910	+0.017%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	92.894	long leg	$1.6M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	92.880	−0.015%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.007	+0.122%	$3.3M	$2.7M	20x	as long as short
KuCoin CLUSDTM	+0.0084%	4h	92.877	−0.018%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.886	−0.009%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.930	+0.039%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.840	−0.058%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.902	+0.008%	$273K	$882K	25x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.865	−0.031%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.04	+9.841%	$19K	$11K	30x	as long as short