Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0398%/8h= +43.6% APRpaid last 24h +0.042%

Price spread now: Paradex against Deribit+0.013%7-day average — · you sell dearer than you buy

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

Long on Deribit 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: +$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	93.500	−0.0391	get 0.0049% / 1h	25m 09s	$197K	$374K	15x
Short	Paradex CL-USD-PERP	93.512	0.0007	get 0.0007% / 8h	2h 25m	$16K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Deribit. 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 DeribitbpFee ParadexbpOrdersPrice spread, now +0.013%Rate

Funding earned: $83.64
Price spread: +0.013% → 0.000%: $1.33
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $73.97
Costs to cover: 0.110%
Break-even: 0.8 days

Slippage unknown: Deribit: live order book, 23 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 Deribit live order book, 23 min ago	0.54 bp	9.3 bp −$9	10.8 bp −$108	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-PERPETUALlong	−0.0391%	1h	93.500	long leg	$197K	$374K	15x
GRVT CL_USDT_Perp	−0.0320%	4h	93.424	−0.082%	$58K	$639K	25x	as long as short
Aster CLUSD1	−0.0302%	4h	93.570	+0.075%	$24.4M	$65.1M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0203%	1h	93.554	+0.058%	$286K	$958K	25x	as long as short
Binance CLUSDT	−0.0189%	4h	93.540	+0.043%	$246.8M	$932.8M	100x	as long as short
Variational Omni CL	−0.0182%	4h	93.450	−0.054%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0149%	1h	93.451	−0.052%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0133%	1h	93.567	+0.071%	$968K	$616K	10x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.524	+0.026%	$42.1M	$42.9M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0112%	1h	93.480	−0.021%	$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	−0.0077%	8h	93.470	−0.032%	$21.9M	$49.7M	100x	as long as short
edgeX CLUSDC	−0.0074%	4h	93.495	−0.005%	$526K	$305K	30x	as long as short
tradeXYZ xyz:CL	−0.0063%	1h	93.535	+0.037%	$185.1M	$214.9M	20x	as long as short
OKX CL-USDT-SWAP	−0.0058%	4h	93.530	+0.032%	$42.7M	$102.7M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.364%	$403K	$928K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.520	+0.021%	$2.3M	$2.4M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	93.496	−0.005%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.550	+0.053%	$27.1M	$79.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.573	+0.078%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	−0.128%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.538	+0.041%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.076	−0.453%	$5K	—	150x	as long as short
Paradex CL-USD-PERPshort	+0.0007%	8h	93.512	+0.013%	$16K	$367	5x
Lighter WTI	+0.0008%	1h	93.530	+0.032%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.550	+0.053%	$2.0M	$17.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.450	−0.053%	$740K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.520	+0.021%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.527	+0.028%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.522	+0.024%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.530	+0.032%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0062%	4h	93.551	+0.055%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.410	−0.096%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.504	+0.004%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0180%	4h	93.450	−0.053%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.736%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0237% / S −0.0169%	1h	93.535	+0.037%	$84K	—	111x	as long as short