Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.010%

Price spread now: Paradex against Bitget−0.003%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 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	Bitget CLUSDT	93.341	−0.0120	get 0.0060% / 4h	2h 06m	$42.1M	$42.7M	100x
Short	Paradex CL-USD-PERP	93.339	0.0020	get 0.0020% / 8h	2h 06m	$16K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bitget. 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 BitgetbpFee ParadexbpOrdersPrice spread, now −0.003%Rate

Funding earned: $29.43
Price spread: −0.003% → 0.000%: −$0.25
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $13.18
Costs to cover: 0.160%
Break-even: 3.9 days

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.54 bp	7.9 bp −$8	10.5 bp −$105	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 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	−0.0285%	1h	93.340	−0.001%	$196K	$377K	15x	as long as short
GRVT CL_USDT_Perp	−0.0280%	4h	93.511	+0.182%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0277%	4h	93.397	+0.060%	$24.4M	$64.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.380	+0.041%	$285K	$959K	25x	as long as short
Binance CLUSDT	−0.0171%	4h	93.374	+0.036%	$246.2M	$930.7M	100x	as long as short
Variational Omni CL	−0.0165%	4h	93.509	+0.180%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0151%	1h	93.439	+0.105%	$2K	$26K	5x	as long as short
Bitget CLUSDTlong	−0.0120%	4h	93.341	long leg	$42.1M	$42.7M	100x
Nado WTI-PERP	−0.0107%	1h	93.393	+0.056%	$970K	$632K	10x	as long as short
Gate CL_USDT	−0.0082%	8h	93.300	−0.044%	$22.0M	$50.4M	100x	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	−0.0077%	1h	93.320	−0.022%	$3.5M	$5.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0076%	1h	93.365	+0.026%	$184.7M	$212.3M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	+0.170%	$404K	$931K	15x	as long as short
OKX CL-USDT-SWAP	−0.0038%	4h	93.360	+0.020%	$42.6M	$102.2M	50x	as long as short
QFEX CL-USD	−0.0032%	1h	93.360	+0.020%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0020%	4h	93.498	+0.168%	$526K	$305K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.405	+0.069%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.390	+0.052%	$27.0M	$79.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.421	+0.086%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.540	+0.213%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.370	+0.031%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.916	−0.455%	$5K	—	150x	as long as short
Paradex CL-USD-PERPshort	+0.0020%	8h	93.339	−0.003%	$16K	$367	5x
Lighter WTI	+0.0024%	1h	93.355	+0.015%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.410	+0.074%	$2.0M	$16.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.420	+0.085%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.370	+0.031%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.357	+0.017%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.368	+0.029%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.361	+0.021%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0094%	4h	93.405	+0.069%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.580	+0.256%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.338	−0.003%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0203%	4h	93.370	+0.031%	$4.0M	$988K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.968%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0240% / S −0.0174%	1h	93.365	+0.026%	$84K	—	111x	as long as short