Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.017%

Price spread now: Pacifica against Paradex+0.010%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 Pacifica

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 · Pacifica: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CL-USD-PERP	93.032	0.0010	pay 0.0010% / 8h	5h 04m	$16K	$367	5x
Short	Pacifica CL	93.041	0.0100	get 0.0013% / 1h	4m 15s	$331K	$619K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.010%Rate

Funding earned: $19
Price spread: +0.010% → 0.000%: $1.01
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $8.01
Costs to cover: 0.120%
Break-even: 4.0 days

Slippage unknown: Paradex: no order-book sample; Pacifica: live order book, 60 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 Pacifica live order book, 60 min ago	0.05 bp	5.4 bp −$5	doesn't fit	doesn't fit	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	−0.0609%	1h	93.060	+0.031%	$199K	$369K	15x	as long as short
Aster CLUSD1	−0.0264%	4h	93.080	+0.052%	$24.0M	$68.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.885	−0.157%	$53K	$635K	25x	as long as short
Binance CLUSDT	−0.0207%	4h	93.099	+0.073%	$245.0M	$953.1M	100x	as long as short
Variational Omni CL	−0.0200%	4h	92.957	−0.080%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0165%	1h	93.000	−0.034%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0146%	1h	93.084	+0.056%	$962K	$654K	10x	as long as short
OKX CL-USDT-SWAP	−0.0083%	4h	93.100	+0.074%	$42.9M	$102.5M	50x	as long as short
Extended WTI-USD	−0.0080%	1h	93.140	+0.117%	$2.1M	$22.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0074%	1h	93.103	+0.077%	$185.3M	$217.3M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0069%	1h	93.003	−0.031%	$2K	$27K	5x	as long as short
Gate CL_USDT	−0.0061%	8h	93.050	+0.020%	$20.9M	$53.2M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.303%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.050	+0.020%	$2.5M	$1.7M	10x	as long as short
edgeX CLUSDC	−0.0030%	4h	92.944	−0.094%	$529K	$302K	30x	as long as short
Bitget CLUSDT	−0.0028%	4h	93.102	+0.076%	$42.1M	$43.6M	100x	as long as short
Lighter WTI	0.0000%	1h	93.039	+0.008%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.014	−0.019%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.120	+0.095%	$26.7M	$81.0M	150x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.010	−0.023%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.103	+0.077%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.662	−0.397%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0006%	4h	93.073	+0.045%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERPlong	+0.0010%	8h	93.032	long leg	$16K	$367	5x
StandX CL-USD	+0.0040%	1h	92.940	−0.098%	$733K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.090	+0.063%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.108	+0.082%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.091	+0.064%	$2.1M	$60K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.153	+0.131%	$3.1M	$2.9M	20x	as long as short
Pacifica CLshort	+0.0100%	1h	93.041	+0.010%	$331K	$619K	10x
ApeX Omni CLUSDT	+0.0100%	1h	92.960	−0.077%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.060	+0.030%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	93.117	+0.092%	$274K	$871K	25x	as long as short
BloFin CL-USDT	+0.0159%	4h	93.000	−0.034%	$4.1M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0209% / S −0.0134%	1h	93.085	+0.057%	$79K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.746%	$19K	$11K	30x	as long as short