Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.020%

Price spread now: Paradex against Pacifica−0.031%7-day average — · you buy dearer than you sell

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

Long on Pacifica 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 airdropPacifica: Active · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Paradex is 0.031% cheaper against Pacifica than usual: you would sell low and buy high (−$3 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	Pacifica CL	92.500	0.0100	pay 0.0013% / 1h	21m 03s	$344K	$584K	10x
Short	Paradex CL-USD-PERP	92.471	0.0017	get 0.0017% / 8h	7h 21m	$15K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Pacifica. 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 PacificabpFee ParadexbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$17.37
Price spread: −0.031% → 0.000%: −$3.13
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$32.5
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 13 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 Pacifica live order book, 13 min ago	0.05 bp	doesn't fit	doesn't fit	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	−0.0614%	1h	92.460	−0.043%	$187K	$412K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0315%	1h	92.487	−0.014%	$268K	$948K	25x	as long as short
Aster CLUSD1	−0.0218%	4h	92.504	+0.004%	$24.9M	$60.0M	20x	as long as short
Binance CLUSDT	−0.0123%	4h	92.455	−0.048%	$245.5M	$931.5M	100x	as long as short
Gate CL_USDT	−0.0119%	8h	92.400	−0.108%	$23.7M	$50.4M	100x	as long as short
Variational Omni CL	−0.0108%	4h	92.657	+0.170%	$13.5M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0100%	1h	92.541	+0.045%	$946K	$596K	10x	as long as short
GRVT CL_USDT_Perp	−0.0080%	4h	92.622	+0.132%	$74K	$611K	25x	as long as short
Bitget CLUSDT	−0.0076%	4h	92.449	−0.055%	$42.1M	$41.9M	100x	as long as short
Aftermath Perps WTIUSD	−0.0066%	1h	92.698	+0.214%	$1K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0045%	4h	92.450	−0.054%	$42.5M	$102.7M	50x	as long as short
edgeX CLUSDC	−0.0031%	4h	92.632	+0.143%	$540K	$342K	30x	as long as short
QFEX CL-USD	−0.0026%	1h	92.480	−0.022%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0011%	1h	92.469	−0.034%	$183.7M	$190.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.579	+0.085%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.483	−0.018%	$27.4M	$82.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.555	+0.059%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.475	−0.027%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.158	−0.370%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.660	+0.173%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.590	+0.097%	$427K	$869K	15x	as long as short
Paradex CL-USD-PERPshort	+0.0017%	8h	92.471	−0.031%	$15K	$367	5x
Lighter WTI	+0.0032%	1h	92.464	−0.039%	$11.3M	$8.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.510	+0.011%	$1.7M	$14.0M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0033%	1h	92.460	−0.043%	$3.6M	$5.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.590	+0.097%	$728K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.500	0.000%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.555	+0.059%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.467	−0.036%	$2.1M	$69K	20x	as long as short
Pacifica CLlong	+0.0100%	1h	92.500	long leg	$344K	$584K	10x
KuCoin CLUSDTM	+0.0100%	4h	92.490	−0.011%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.710	+0.227%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.452	−0.052%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0165% / S −0.0007%	1h	92.465	−0.038%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0195%	4h	92.520	+0.022%	$4.1M	$999K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.415%	$19K	$5K	30x	as long as short