Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h −0.012%

Price spread now: Paradex against Vest−0.061%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.061% cheaper against Vest than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CL-PERP	93.430	0.0046	pay 0.0006% / 1h	9m 31s	—	$313K	10x
Short	Paradex CL-USD-PERP	93.373	0.0019	get 0.0019% / 8h	2h 09m	$16K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Vest. 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 VestbpFee ParadexbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$5.7
Price spread: −0.061% → 0.000%: −$6.06
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$17.76
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; 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 Vest no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Vest and 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	−0.0392%	1h	93.420	−0.011%	$196K	$377K	15x	as long as short
GRVT CL_USDT_Perp	−0.0280%	4h	93.511	+0.087%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0280%	4h	93.423	−0.007%	$24.4M	$64.7M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.484	+0.058%	$286K	$959K	25x	as long as short
Binance CLUSDT	−0.0174%	4h	93.394	−0.038%	$245.9M	$931.7M	100x	as long as short
Variational Omni CL	−0.0165%	4h	93.509	+0.084%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0155%	1h	93.510	+0.086%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.394	−0.039%	$42.1M	$42.7M	100x	as long as short
Nado WTI-PERP	−0.0115%	1h	93.430	0.000%	$972K	$631K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0076%	1h	93.350	−0.086%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0076%	8h	93.330	−0.107%	$22.0M	$50.2M	100x	as long as short
tradeXYZ xyz:CL	−0.0074%	1h	93.372	−0.062%	$184.8M	$212.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	+0.075%	$404K	$931K	15x	as long as short
OKX CL-USDT-SWAP	−0.0038%	4h	93.400	−0.032%	$42.6M	$102.4M	50x	as long as short
QFEX CL-USD	−0.0032%	1h	93.400	−0.032%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0020%	4h	93.498	+0.073%	$526K	$305K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.405	−0.026%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.420	−0.011%	$27.0M	$79.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.448	+0.019%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.540	+0.118%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.479	+0.052%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.004	−0.456%	$5K	—	150x	as long as short
Paradex CL-USD-PERPshort	+0.0019%	8h	93.373	−0.061%	$16K	$367	5x
Lighter WTI	+0.0024%	1h	93.388	−0.045%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.420	−0.011%	$2.0M	$16.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.450	+0.021%	$740K	$2.8M	40x	as long as short
Vest CL-PERPlong	+0.0046%	1h	93.430	long leg	—	$313K	10x
Pacifica CL	+0.0047%	1h	93.400	−0.032%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.395	−0.037%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.440	+0.011%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0094%	4h	93.414	−0.017%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.580	+0.161%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.429	−0.002%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0198%	4h	93.490	+0.064%	$4.0M	$990K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.863%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0240% / S −0.0173%	1h	93.475	+0.048%	$84K	—	111x	as long as short