Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0028%/8h= −3.0% APRpaid last 24h −0.014%

Price spread now: Paradex against SoDEX−0.050%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Paradex

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.050% cheaper against SoDEX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX CL-USD	93.643	0.0050	pay 0.0006% / 1h	25m 02s	$2.1M	$61K	20x
Short	Paradex CL-USD-PERP	93.596	0.0022	get 0.0022% / 8h	1h 25m	$16K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against SoDEX. 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 SoDEXbpFee ParadexbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$5.84
Price spread: −0.050% → 0.000%: −$5.02
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$22.85
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: SoDEX: live order book, 4 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 SoDEX live order book, 4 min ago	1.01 bp	20.1 bp −$20	85.0 bp −$850	doesn't fit	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 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	−0.0604%	1h	93.610	−0.035%	$196K	$383K	15x	as long as short
Aster CLUSD1	−0.0273%	4h	93.686	+0.046%	$24.6M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0262%	4h	93.658	+0.016%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0148%	4h	93.660	+0.018%	$247.1M	$916.8M	100x	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.663	+0.022%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.656	+0.014%	$283K	$960K	25x	as long as short
Variational Omni CL	−0.0136%	4h	93.629	−0.015%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0118%	1h	93.600	−0.046%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDT	−0.0109%	8h	93.570	−0.078%	$22.5M	$49.4M	100x	as long as short
Bitget CLUSDT	−0.0102%	4h	93.638	−0.005%	$42.3M	$42.1M	100x	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	−0.0076%	1h	93.658	+0.016%	$185.2M	$207.0M	20x	as long as short
Nado WTI-PERP	−0.0055%	1h	93.681	+0.041%	$966K	$620K	10x	as long as short
edgeX CLUSDC	−0.0037%	4h	93.643	0.000%	$526K	$305K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.610	−0.035%	$2.3M	$2.4M	10x	as long as short
OKX CL-USDT-SWAP	−0.0020%	4h	93.650	+0.007%	$43.0M	$101.8M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.153%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.729	+0.092%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.670	+0.029%	$27.0M	$79.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.710	+0.072%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.730	+0.093%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.640	−0.003%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.189	−0.485%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	93.643	0.000%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERPshort	+0.0022%	8h	93.596	−0.050%	$16K	$367	5x
Extended WTI-USD	+0.0032%	1h	93.700	+0.061%	$2.0M	$15.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	+0.040%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.660	+0.018%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.633	−0.011%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USDlong	+0.0050%	1h	93.643	long leg	$2.1M	$61K	20x
Pacifica CL	+0.0100%	1h	93.614	−0.031%	$333K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.679	+0.038%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.750	+0.114%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.612	−0.033%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.963%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0221%	4h	93.640	−0.003%	$4.0M	$971K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0246% / S −0.0180%	1h	93.695	+0.056%	$84K	—	111x	as long as short