Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.004%

Price spread now: edgeX against Paradex−0.068%52s7-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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.068% cheaper against Paradex than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 5.1 days of funding at the current rate (+$1 a day). The two prices were read 52 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	92.608	−0.0003	get 0.0003% / 8h	7h 22m	$15K	$367	5x
Short	edgeX CLUSDC	92.545	0.0041	get 0.0021% / 4h	3h 22m	$532K	$299K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.068%Rate

Funding earned: $9.25
Price spread: −0.068% → 0.000%: −$6.8
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$10.55
Costs to cover: 0.130%
Break-even: 15.0 days

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 51 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 edgeX live order book, 51 min ago	9.98 bp	14.5 bp −$14	14.9 bp −$149	21.4 bp −$2,139	doesn't fit

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	−0.0398%	1h	92.600	−0.008%	$123K	$275K	15x	as long as short
GRVT CL_USDT_Perp	−0.0346%	4h	92.524	−0.090%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0333%	4h	92.629	+0.024%	$24.0M	$78.4M	20x	as long as short
Binance CLUSDT	−0.0273%	4h	92.690	+0.089%	$245.5M	$1.06B	100x	as long as short
Variational Omni CL	−0.0265%	4h	92.480	−0.138%	$13.1M	$12.2M	—	as long as short
Gate CL_USDT	−0.0214%	8h	92.580	−0.030%	$21.3M	$55.2M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.629	+0.023%	$274K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0064%	1h	92.638	+0.032%	$933K	$732K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0047%	1h	92.590	−0.019%	$3.5M	$6.1M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.624%	$399K	$959K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.640	+0.035%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0025%	1h	92.616	+0.009%	$186.7M	$235.9M	20x	as long as short
Paradex CL-USD-PERPlong	−0.0003%	8h	92.608	long leg	$15K	$367	5x
dYdX WTI-USD	0.0000%	1h	92.657	+0.053%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.703	+0.103%	$26.5M	$92.1M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.670	+0.067%	$43.0M	$111.3M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.771	+0.176%	$3.3M	$2.8M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.638	+0.033%	$42.2M	$50.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.600	−0.008%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.600	−0.008%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.173	−0.469%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	92.619	+0.012%	$11.2M	$10.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.660	+0.057%	$2.3M	$26.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.400	−0.224%	$723K	$3.1M	40x	as long as short
edgeX CLUSDCshort	+0.0041%	4h	92.545	−0.068%	$532K	$299K	30x
Vest CL-PERP	+0.0046%	1h	92.610	+0.003%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.593	−0.016%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.618	+0.011%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.621	+0.014%	$356K	$603K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.625	+0.019%	$7.2M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.560	−0.051%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.580	−0.030%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.615	+0.008%	$78K	—	111x	as long as short
Aftermath Perps WTIUSD	+0.0217%	1h	92.542	−0.071%	$2K	$28K	5x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.663%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.510	−0.105%	$4.0M	$1.4M	50x	as long as short