Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0205%/8h= +22.4% APRpaid last 24h +0.071%

Price spread now: BloFin against Paradex−0.027%813s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on BloFin

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

Funding pays, the price is against you. BloFin is 0.027% cheaper against Paradex than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 11 hours of funding at the current rate (+$6 a day). The two prices were read 813 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CL-USD-PERP	92.755	0.0024	pay 0.0024% / 8h	6h 35m	$16K	$367	5x
Short	BloFin CL-USDT	92.730	0.0228	get 0.0114% / 4h	2h 35m	$4.0M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.027%Rate

Funding earned: $42.95
Price spread: −0.027% → 0.000%: −$2.74
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: $24.21
Costs to cover: 0.160%
Break-even: 3.1 days

Slippage unknown: Paradex: no order-book sample; BloFin: live order book, 13 min ago. 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 BloFin live order book, 13 min ago	1.08 bp	7.1 bp −$7	9.1 bp −$91	13.6 bp −$1,361	33.3 bp −$16.6K

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	−0.0612%	1h	92.700	−0.060%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0329%	4h	92.768	+0.014%	$23.9M	$74.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0296%	4h	92.686	−0.075%	$50K	$633K	25x	as long as short
Binance CLUSDT	−0.0272%	4h	92.721	−0.037%	$244.2M	$990.1M	100x	as long as short
Variational Omni CL	−0.0265%	4h	92.761	+0.006%	$13.3M	$11.1M	—	as long as short
Gate CL_USDT	−0.0153%	8h	92.710	−0.049%	$20.9M	$53.1M	100x	as long as short
tradeXYZ xyz:CL	−0.0068%	1h	92.771	+0.017%	$185.0M	$221.7M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0065%	1h	92.730	−0.027%	$3.5M	$5.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.782%	$399K	$938K	15x	as long as short
Nado WTI-PERP	−0.0039%	1h	92.810	+0.059%	$936K	$676K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.783	+0.030%	$275K	$870K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.740	−0.017%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0010%	4h	92.720	−0.038%	$42.7M	$105.9M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.754	−0.002%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.735	−0.022%	$26.3M	$82.9M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.736	−0.021%	$41.9M	$45.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.820	+0.070%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.775	+0.021%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.309	−0.481%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0018%	4h	92.721	−0.037%	$533K	$297K	30x	as long as short
Paradex CL-USD-PERPlong	+0.0024%	8h	92.755	long leg	$16K	$367	5x
Extended WTI-USD	+0.0024%	1h	92.800	+0.048%	$2.1M	$25.0M	10x	as long as short
Lighter WTI	+0.0032%	1h	92.737	−0.020%	$11.2M	$10.2M	20x	as long as short
Aftermath Perps WTIUSD	+0.0034%	1h	92.757	+0.002%	$2K	$28K	5x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.887	+0.142%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.350	−0.437%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.800	+0.048%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.775	+0.021%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.725	−0.033%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0068%	4h	92.794	+0.042%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.763	+0.008%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.840	+0.091%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.717	−0.042%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.755	0.000%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.83	+9.787%	$19K	$11K	30x	as long as short
BloFin CL-USDTshort	+0.0228%	4h	92.730	−0.027%	$4.0M	$1.2M	50x