Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0193%/8h= +21.1% APRpaid last 24h +0.040%

Price spread now: Injective against Paradex+9.749%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 Injective

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

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Injective is 9.749% dearer against Paradex than usual: you sell high and buy low: +$975 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	Paradex CL-USD-PERP	93.617	0.0027	pay 0.0027% / 8h	1h 52m	$16K	$367	5x
Short	Injective WTI/USDC PERP	102.74	0.0220	get 0.0028% / 1h	52m 19s	$19K	$11K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +9.749%Rate

Funding earned: $40.54
Price spread: +9.749% → 0.000%: $974.88
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,011.4
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Injective: 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 Injective no order-book sample	—	—	—	—	—

Paradex and Injective: 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	−0.0284%	1h	93.610	−0.008%	$197K	$380K	15x	as long as short
Aster CLUSD1	−0.0269%	4h	93.681	+0.068%	$24.5M	$64.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0258%	4h	93.501	−0.124%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0156%	4h	93.655	+0.040%	$246.7M	$928.3M	100x	as long as short
Variational Omni CL	−0.0153%	4h	93.499	−0.127%	$13.4M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0149%	1h	93.573	−0.048%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.640	+0.025%	$286K	$953K	25x	as long as short
Bitget CLUSDT	−0.0110%	4h	93.620	+0.003%	$42.2M	$42.6M	100x	as long as short
Gate CL_USDT	−0.0090%	8h	93.570	−0.051%	$22.2M	$48.3M	100x	as long as short
edgeX CLUSDC	−0.0069%	4h	93.509	−0.116%	$526K	$305K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0040%	1h	93.630	+0.013%	$3.5M	$5.4M	20x	as long as short
Nado WTI-PERP	−0.0029%	1h	93.678	+0.065%	$969K	$628K	10x	as long as short
OKX CL-USDT-SWAP	−0.0026%	4h	93.640	+0.024%	$42.7M	$101.9M	50x	as long as short
tradeXYZ xyz:CL	−0.0025%	1h	93.627	+0.010%	$185.1M	$210.6M	20x	as long as short
QFEX CL-USD	−0.0023%	1h	93.620	+0.003%	$2.3M	$2.5M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.125%	$404K	$931K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.620	+0.003%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.673	+0.059%	$27.2M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.688	+0.075%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.660	+0.046%	$38K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.641	+0.025%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.168	−0.480%	$5K	—	150x	as long as short
Paradex CL-USD-PERPlong	+0.0027%	8h	93.617	long leg	$16K	$367	5x
Lighter WTI	+0.0032%	1h	93.640	+0.024%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.650	+0.035%	$2.0M	$16.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.590	−0.029%	$741K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.630	+0.013%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.625	+0.008%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.638	+0.022%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.640	+0.024%	$333K	$577K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.662	+0.048%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.560	−0.061%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.607	−0.011%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0212%	4h	93.600	−0.019%	$4.0M	$980K	50x	as long as short
Injective WTI/USDC PERPshort	+0.0220%	1h	102.74	+9.749%	$19K	$11K	30x
GMX WTIOIL/USD [ETH-USDC]	L +0.0244% / S −0.0177%	1h	93.645	+0.029%	$84K	—	111x	as long as short