Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0048%/8h= −5.2% APRpaid last 24h +0.008%

Price spread now: Paradex against dYdX−0.090%7-day average — · you buy dearer than you sell

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

Long on dYdX 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 −$1 a day on $10k at the current rate, and Paradex is 0.090% cheaper against dYdX than usual: you would sell low and buy high (−$9 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	dYdX WTI-USD	92.274	0	get 0.0000% / 1h	13m 00s	$8K	$3K	5x
Short	Paradex CL-USD-PERP	92.191	−0.0048	pay 0.0048% / 8h	13m 00s	$15K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against dYdX. 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 dYdXbpFee ParadexbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$10.05
Price spread: −0.090% → 0.000%: −$8.98
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$33.03
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; 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 dYdX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

dYdX and 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	−0.0449%	1h	92.228	−0.051%	$273K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0310%	4h	92.191	−0.090%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0270%	4h	92.231	−0.047%	$23.9M	$77.6M	20x	as long as short
Binance CLUSDT	−0.0191%	4h	92.199	−0.081%	$244.4M	$1.09B	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0184%	1h	92.210	−0.070%	$96K	$189K	15x	as long as short
Variational Omni CL	−0.0173%	4h	92.192	−0.089%	$13.3M	$12.7M	—	as long as short
Nado WTI-PERP	−0.0132%	1h	92.264	−0.011%	$925K	$737K	10x	as long as short
Lighter WTI	−0.0072%	1h	92.197	−0.084%	$11.2M	$10.9M	20x	as long as short
QFEX CL-USD	−0.0054%	1h	92.200	−0.080%	$2.4M	$2.2M	10x	as long as short
Paradex CL-USD-PERPshort	−0.0048%	8h	92.191	−0.090%	$15K	$367	5x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0045%	1h	92.224	−0.054%	$186.4M	$275.3M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0038%	1h	92.170	−0.113%	$3.5M	$6.3M	20x	as long as short
Gate CL_USDT	−0.0032%	8h	92.130	−0.156%	$21.3M	$58.0M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.197	−0.084%	$333K	$576K	10x	as long as short
dYdX WTI-USDlong	0.0000%	1h	92.274	long leg	$8K	$3K	5x
Bybit CLUSDT	0.0000%	8h	92.190	−0.091%	$26.0M	$94.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.180	−0.102%	$42.9M	$112.5M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.320	+0.049%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.189	−0.092%	$42.0M	$51.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.240	−0.037%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.197	−0.084%	$19K	$241K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.265%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.772	−0.544%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.250	−0.026%	$2.0M	$26.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.210	−0.070%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.250	−0.026%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.200	−0.080%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.195	−0.086%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0082%	4h	92.220	−0.059%	$530K	$326K	30x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.203	−0.077%	$7.3M	$2.2M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.280	+0.006%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.180	−0.102%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.195	−0.086%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.34	+9.821%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.200	−0.080%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0379%	1h	92.225	−0.053%	$2K	$29K	5x	as long as short