Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.006%

Price spread now: Paradex against StandX−0.002%7-day average — · you buy dearer than you sell

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

Long on StandX Short on Paradex

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 airdropStandX: Active · Paradex: 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: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX CL-USD	89.910	0.0040	pay 0.0005% / 1h	53m 21s	$693K	$2.7M	40x
Short	Paradex CL-USD-PERP	89.909	0.0022	get 0.0022% / 8h	4h 53m	$15K	$458	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against StandX. 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 StandXbpFee ParadexbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$3.78
Price spread: −0.002% → 0.000%: −$0.15
Slippage, 4 orders: no order book: not counted
Fee StandX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$15.94
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: StandX: live order book, 4 min ago; Paradex: 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 StandX live order book, 4 min ago	6.68 bp	10.7 bp −$11	11.6 bp −$116	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 exchanges

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
Kraken Futures PF_WTIOILUSD	−0.0232%	1h	89.942	+0.036%	$307K	$1.9M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0195%	1h	89.930	+0.022%	$39K	$644K	15x	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	89.757	−0.170%	$1K	$26K	5x	as long as short
tradeXYZ xyz:CL	−0.0122%	1h	89.889	−0.023%	$174.0M	$247.9M	20x	as long as short
GRVT CL_USDT_Perp	−0.0108%	4h	89.900	−0.011%	$67K	$645K	25x	as long as short
Bitget CLUSDT	−0.0094%	4h	89.898	−0.013%	$40.8M	$56.6M	100x	as long as short
Aster CLUSD1	−0.0071%	4h	89.946	+0.040%	$24.3M	$72.4M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0066%	1h	89.870	−0.044%	$3.4M	$6.4M	20x	as long as short
Nado WTI-PERP	−0.0065%	1h	89.976	+0.074%	$888K	$704K	10x	as long as short
edgeX CLUSDC	−0.0048%	4h	89.892	−0.020%	$500K	$373K	30x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WTI-USD	−0.0040%	1h	89.960	+0.056%	$1.3M	$13.3M	10x	as long as short
Binance CLUSDT	−0.0026%	4h	89.900	−0.011%	$243.9M	$1.20B	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0024%	1h	89.760	−0.167%	$416K	$1.5M	15x	as long as short
QFEX CL-USD	−0.0017%	1h	89.900	−0.011%	$2.2M	$2.9M	10x	as long as short
Gate CL_USDT	−0.0015%	8h	89.850	−0.067%	$24.0M	$54.6M	100x	as long as short
Phoenix WTIOIL	−0.0009%	1h	89.790	−0.133%	$33K	$38K	20x	as long as short
Lighter WTI	−0.0008%	1h	89.909	−0.001%	$10.6M	$10.9M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.538	−0.414%	$609	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.948	+0.042%	$9K	$4K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.940	+0.033%	$28.9M	$109.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	89.910	0.000%	$40.6M	$134.6M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	89.981	+0.079%	$2.8M	$3.1M	20x	as long as short
Variational Omni CL	0.0000%	4h	89.821	−0.099%	$12.6M	$11.3M	—	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.907	−0.003%	$17K	$234K	10x	as long as short
Paradex CL-USD-PERPshort	+0.0022%	8h	89.909	−0.002%	$15K	$458	5x
Injective WTI/USDC PERP	+0.0033%	1h	90.137	+0.252%	$16K	$5K	30x	as long as short
StandX CL-USDlong	+0.0040%	1h	89.910	long leg	$693K	$2.7M	40x
Vest CL-PERP	+0.0046%	1h	89.920	+0.011%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.886	−0.027%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.932	+0.024%	$2.0M	$85K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.929	+0.021%	$308K	$744K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.911	+0.001%	$6.8M	$3.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.010	+0.111%	$52K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.908	−0.002%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0159% / S +0.0007%	1h	89.935	+0.028%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	89.900	−0.011%	$3.9M	$1.1M	50x	as long as short