Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.003%

Price spread now: Paradex against gTrade (Gains Network)+0.397%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 1 day (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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Paradex is 0.397% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$40 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WTI/USD	93.004	L 0.0000% / S +0.0036%	pay 0.0000% / 1h	9m 34s	$5K	—	150x
Short	Paradex CL-USD-PERP	93.373	0.0019	get 0.0019% / 8h	2h 09m	$16K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ParadexbpOrdersPrice spread, now +0.397%Rate

Funding earned: $3.86
Price spread: +0.397% → 0.000%: $39.72
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $31.58
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

gTrade (Gains Network) 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
Deribit WTIOIL_USDC-PERPETUAL	−0.0392%	1h	93.420	+0.447%	$196K	$377K	15x	as long as short
GRVT CL_USDT_Perp	−0.0280%	4h	93.511	+0.545%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0280%	4h	93.423	+0.451%	$24.4M	$64.7M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.484	+0.517%	$286K	$959K	25x	as long as short
Binance CLUSDT	−0.0174%	4h	93.394	+0.420%	$245.9M	$931.7M	100x	as long as short
Variational Omni CL	−0.0165%	4h	93.509	+0.543%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0155%	1h	93.510	+0.544%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.394	+0.419%	$42.1M	$42.7M	100x	as long as short
Nado WTI-PERP	−0.0115%	1h	93.430	+0.458%	$972K	$631K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0076%	1h	93.350	+0.372%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0076%	8h	93.330	+0.351%	$22.0M	$50.2M	100x	as long as short
tradeXYZ xyz:CL	−0.0074%	1h	93.372	+0.396%	$184.8M	$212.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	+0.533%	$404K	$931K	15x	as long as short
OKX CL-USDT-SWAP	−0.0038%	4h	93.400	+0.426%	$42.6M	$102.4M	50x	as long as short
QFEX CL-USD	−0.0032%	1h	93.400	+0.426%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0020%	4h	93.498	+0.531%	$526K	$305K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.405	+0.431%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.420	+0.447%	$27.0M	$79.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.448	+0.478%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.540	+0.576%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.479	+0.511%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USDlong	L 0.0000% / S +0.0036%	1h	93.004	long leg	$5K	—	150x
Paradex CL-USD-PERPshort	+0.0019%	8h	93.373	+0.397%	$16K	$367	5x
Lighter WTI	+0.0024%	1h	93.388	+0.413%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.420	+0.447%	$2.0M	$16.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.450	+0.480%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.430	+0.458%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.400	+0.426%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.395	+0.420%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.440	+0.469%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0094%	4h	93.414	+0.441%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.580	+0.619%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.429	+0.456%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0198%	4h	93.490	+0.523%	$4.0M	$990K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+10.366%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0240% / S −0.0173%	1h	93.475	+0.506%	$84K	—	111x	as long as short