Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0201%/8h= −22.0% APRpaid last 24h −0.064%

Price spread now: Paradex against BloFin−0.036%7-day average — · you buy dearer than you sell

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

Long on BloFin 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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Paradex is 0.036% cheaper against BloFin than usual: you would sell low and buy high (−$4 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	BloFin CL-USDT	90.200	0.0217	pay 0.0109% / 4h	2h 03m	$3.9M	$1.1M	50x
Short	Paradex CL-USD-PERP	90.168	0.0016	get 0.0016% / 8h	6h 03m	$15K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against BloFin. 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 BloFinbpFee ParadexbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$42.27
Price spread: −0.036% → 0.000%: −$3.6
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$61.87
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 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 BloFin live order book, 3 min ago	2.22 bp	8.2 bp −$8	9.3 bp −$93	15.5 bp −$1,553	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 exchanges

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	−0.0525%	1h	90.240	+0.044%	$183K	$423K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0366%	1h	90.303	+0.114%	$282K	$1.3M	25x	as long as short
Aster CLUSD1	−0.0148%	4h	90.712	+0.568%	$24.9M	$69.1M	20x	as long as short
Bitget CLUSDT	−0.0110%	4h	90.623	+0.469%	$41.4M	$52.5M	100x	as long as short
Binance CLUSDT	−0.0100%	4h	90.659	+0.509%	$243.0M	$1.15B	100x	as long as short
Variational Omni CL	−0.0085%	4h	89.884	−0.350%	$12.7M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0083%	1h	90.140	−0.067%	$3.4M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0075%	1h	90.287	+0.096%	$874K	$675K	10x	as long as short
tradeXYZ xyz:CL	−0.0069%	1h	90.651	+0.500%	$174.1M	$232.4M	20x	as long as short
Extended WTI-USD	−0.0064%	1h	90.600	+0.443%	$1.2M	$13.6M	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CL_USDT_Perp	−0.0060%	4h	90.241	+0.046%	$74K	$628K	25x	as long as short
Gate CL_USDT	−0.0054%	8h	90.590	+0.432%	$23.3M	$55.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0037%	1h	90.255	+0.061%	$1K	$27K	5x	as long as short
edgeX CLUSDC	−0.0033%	4h	90.264	+0.071%	$505K	$379K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	90.180	−0.022%	$2.2M	$2.8M	10x	as long as short
OKX CL-USDT-SWAP	−0.0023%	4h	90.640	+0.488%	$40.7M	$125.0M	50x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.941	−0.287%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.188	−0.013%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.696	+0.550%	$27.2M	$101.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.231	+0.034%	$2.9M	$3.0M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.336	+0.150%	$16K	$238K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0008%	1h	90.350	+0.166%	$420K	$1.4M	15x	as long as short
Paradex CL-USD-PERPshort	+0.0016%	8h	90.168	−0.036%	$15K	$367	5x
Lighter WTI	+0.0032%	1h	90.335	+0.150%	$10.8M	$10.2M	20x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	89.848	−0.390%	$16K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.040	−0.177%	$697K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.230	+0.033%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.265	+0.072%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.310	+0.122%	$2.0M	$80K	20x	as long as short
Phoenix WTIOIL	+0.0053%	1h	90.450	+0.277%	$36K	$37K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.143	−0.063%	$305K	$717K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.559	+0.398%	$7.1M	$2.9M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.890	−0.344%	$52K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.286	+0.095%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0167% / S +0.0014%	1h	90.315	+0.127%	$73K	—	111x	as long as short
BloFin CL-USDTlong	+0.0217%	4h	90.200	long leg	$3.9M	$1.1M	50x