Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.022%

Price spread now: Paradex against Aftermath Perps+0.005%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps 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 airdropParadex: 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: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps WTIUSD	93.325	−0.0139	get 0.0017% / 1h	47m 31s	$2K	$26K	5x
Short	Paradex CL-USD-PERP	93.330	−0.0011	pay 0.0011% / 8h	2h 47m	$16K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aftermath Perps. 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 Aftermath PerpsbpFee ParadexbpOrdersPrice spread, now +0.005%Rate

Funding earned: $26.9
Price spread: +0.005% → 0.000%: $0.5
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: $14.4
Costs to cover: 0.130%
Break-even: 3.3 days

Slippage unknown: Aftermath Perps: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Aftermath Perps 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	−0.0714%	1h	93.300	−0.027%	$197K	$372K	15x	as long as short
GRVT CL_USDT_Perp	−0.0346%	4h	93.320	−0.006%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0299%	4h	93.376	+0.055%	$24.4M	$66.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.352	+0.029%	$283K	$962K	25x	as long as short
Binance CLUSDT	−0.0198%	4h	93.353	+0.029%	$246.5M	$935.3M	100x	as long as short
Variational Omni CL	−0.0185%	4h	93.329	+0.004%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0155%	1h	93.310	−0.016%	$3.5M	$5.4M	20x	as long as short
Aftermath Perps WTIUSDlong	−0.0139%	1h	93.325	long leg	$2K	$26K	5x
Bitget CLUSDT	−0.0134%	4h	93.340	+0.016%	$42.1M	$43.1M	100x	as long as short
Nado WTI-PERP	−0.0131%	1h	93.403	+0.084%	$967K	$621K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0075%	1h	93.351	+0.028%	$184.5M	$215.5M	20x	as long as short
edgeX CLUSDC	−0.0075%	4h	93.307	−0.020%	$524K	$306K	30x	as long as short
Gate CL_USDT	−0.0074%	8h	93.300	−0.027%	$21.6M	$49.2M	100x	as long as short
OKX CL-USDT-SWAP	−0.0068%	4h	93.350	+0.027%	$42.6M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.177%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.340	+0.016%	$2.3M	$2.1M	10x	as long as short
Paradex CL-USD-PERPshort	−0.0011%	8h	93.330	+0.005%	$16K	$367	5x
Lighter WTI	−0.0008%	1h	93.347	+0.023%	$11.2M	$9.8M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	+0.005%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.360	+0.037%	$27.1M	$79.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.403	+0.084%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.390	+0.069%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.333	+0.009%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.888	−0.468%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.390	+0.069%	$2.0M	$17.9M	10x	as long as short
KuCoin CLUSDTM	+0.0034%	4h	93.367	+0.045%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.320	−0.006%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.360	+0.037%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.352	+0.028%	$331K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.334	+0.009%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.335	+0.011%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.420	+0.102%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.305	−0.021%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0173%	4h	93.310	−0.016%	$4.0M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+9.908%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0232% / S −0.0164%	1h	93.335	+0.011%	$84K	—	111x	as long as short