Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h −0.029%

Price spread now: Paradex against ApeX Omni+0.022%110s7-day average — · you sell dearer than you buy

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

Long on ApeX Omni 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 pays, funding is against you. Paradex is 0.022% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 25 hours. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CLUSDT	92.840	0.0100	pay 0.0013% / 1h	13m 45s	$56K	$265K	50x
Short	Paradex CL-USD-PERP	92.860	0.0031	get 0.0031% / 8h	6h 13m	$16K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against ApeX Omni. 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 ApeX OmnibpFee ParadexbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$14.53
Price spread: +0.022% → 0.000%: $2.17
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$26.36
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 53 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 ApeX Omni live order book, 53 min ago	8.63 bp	19.3 bp −$19	176.9 bp −$1,769	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 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	−0.0396%	1h	92.860	+0.022%	$198K	$365K	15x	as long as short
Aster CLUSD1	−0.0280%	4h	92.930	+0.097%	$24.0M	$72.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0258%	4h	92.840	0.000%	$53K	$631K	25x	as long as short
Variational Omni CL	−0.0240%	4h	92.898	+0.062%	$13.4M	$11.0M	—	as long as short
Binance CLUSDT	−0.0239%	4h	92.900	+0.065%	$244.9M	$975.6M	100x	as long as short
Gate CL_USDT	−0.0110%	8h	92.840	0.000%	$20.9M	$53.9M	100x	as long as short
Nado WTI-PERP	−0.0070%	1h	92.995	+0.167%	$964K	$675K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.097%	$402K	$946K	15x	as long as short
tradeXYZ xyz:CL	−0.0043%	1h	92.921	+0.087%	$184.6M	$220.6M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.941	+0.109%	$274K	$884K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0033%	1h	92.900	+0.065%	$2.5M	$1.7M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0028%	1h	92.900	+0.065%	$3.5M	$5.7M	20x	as long as short
OKX CL-USDT-SWAP	−0.0014%	4h	92.890	+0.054%	$42.8M	$104.9M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.911	+0.077%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.923	+0.089%	$27.0M	$82.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.905	+0.070%	$42.0M	$43.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.920	+0.086%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.908	+0.073%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.438	−0.433%	$5K	—	150x	as long as short
Aftermath Perps WTIUSD	+0.0012%	1h	92.889	+0.053%	$2K	$28K	5x	as long as short
Paradex CL-USD-PERPshort	+0.0031%	8h	92.860	+0.022%	$16K	$367	5x
Lighter WTI	+0.0032%	1h	92.924	+0.090%	$11.2M	$10.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.920	+0.086%	$2.1M	$24.2M	10x	as long as short
RISEx CL/USDC	+0.0037%	1h	93.049	+0.225%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.506%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	+0.086%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.923	+0.089%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.891	+0.055%	$2.1M	$61K	20x	as long as short
edgeX CLUSDC	+0.0061%	4h	92.816	−0.026%	$528K	$303K	30x	as long as short
KuCoin CLUSDTM	+0.0084%	4h	92.928	+0.095%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.914	+0.080%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDTlong	+0.0100%	1h	92.840	long leg	$56K	$265K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	92.875	+0.038%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.895	+0.059%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.04	+9.905%	$19K	$11K	30x	as long as short