Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h −0.021%

Price spread now: Aftermath Perps against Paradex+0.321%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Aftermath Perps

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. Aftermath Perps is 0.321% dearer against Paradex than usual: you sell high and buy low (spread +0.321% now, against zero (this spread has no 7-day history yet)): +$32 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CL-USD-PERP	92.199	0.0017	pay 0.0017% / 8h	7h 16m	$15K	$367	5x
Short	Aftermath Perps WTIUSD	92.494	−0.0056	pay 0.0007% / 1h	16m 47s	$1K	$27K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Paradex. 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 ParadexbpFee Aftermath PerpsbpOrdersPrice spread, now +0.321%Rate

Funding earned: −$15.39
Price spread: +0.321% → 0.000%: $32.07
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $3.68
Costs to cover: 0.130%
Break-even: from the start

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

Paradex and Aftermath Perps: 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	−0.0509%	1h	92.210	+0.012%	$184K	$415K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0315%	1h	92.276	+0.084%	$258K	$944K	25x	as long as short
Aster CLUSD1	−0.0215%	4h	92.215	+0.017%	$24.9M	$59.4M	20x	as long as short
Binance CLUSDT	−0.0125%	4h	92.120	−0.085%	$244.6M	$936.6M	100x	as long as short
Variational Omni CL	−0.0105%	4h	92.432	+0.253%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0100%	1h	92.257	+0.063%	$944K	$598K	10x	as long as short
GRVT CL_USDT_Perp	−0.0098%	4h	92.300	+0.110%	$74K	$611K	25x	as long as short
edgeX CLUSDC	−0.0090%	4h	92.379	+0.195%	$539K	$343K	30x	as long as short
Gate CL_USDT	−0.0084%	8h	92.140	−0.063%	$23.7M	$50.7M	100x	as long as short
Bitget CLUSDT	−0.0078%	4h	92.089	−0.119%	$42.0M	$42.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSDshort	−0.0056%	1h	92.494	+0.321%	$1K	$27K	5x
OKX CL-USDT-SWAP	−0.0046%	4h	92.080	−0.129%	$42.3M	$103.3M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	92.190	−0.009%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0009%	1h	92.236	+0.041%	$183.6M	$192.5M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.226	+0.030%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.117	−0.088%	$27.1M	$83.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.228	+0.032%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.244	+0.049%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.815	−0.416%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.520	+0.349%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.340	+0.153%	$417K	$982K	15x	as long as short
Paradex CL-USD-PERPlong	+0.0017%	8h	92.199	long leg	$15K	$367	5x
Lighter WTI	+0.0024%	1h	92.212	+0.015%	$11.2M	$9.0M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.240	+0.045%	$1.7M	$13.9M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0035%	1h	92.170	−0.031%	$3.6M	$5.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.230	+0.034%	$725K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.240	+0.045%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.240	+0.045%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.235	+0.040%	$2.0M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.234	+0.038%	$342K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.215	+0.018%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.450	+0.273%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.188	−0.011%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0165% / S −0.0007%	1h	92.225	+0.029%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0195%	4h	92.230	+0.034%	$4.1M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.776%	$19K	$5K	30x	as long as short