Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0083%/8hpaid last 24h +0.017%

Price spread now: Paradex against edgeX+0.016%7-day average — · you sell dearer than you buy

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

Long on edgeX 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 airdropedgeX: 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: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX CLUSDC	91.977	0.0093	pay 0.0046% / 4h	23m 24s	$529K	$351K	30x
Short	Paradex CL-USD-PERP	91.992	0.0010	get 0.0010% / 8h	4h 23m	$15K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against edgeX. 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 edgeXbpFee ParadexbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$17.49
Price spread: +0.016% → 0.000%: $1.59
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$28.89
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 9 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 edgeX live order book, 9 min ago	10.08 bp	14.6 bp −$15	14.9 bp −$149	23.3 bp −$2,331	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
Ondo Perps WTI-USD.P	−0.0106%	1h	91.980	+0.003%	$3.5M	$6.3M	20x	as long as short
Binance CLUSDT	−0.0097%	4h	92.060	+0.090%	$245.4M	$1.05B	100x	as long as short
Aster CLUSD1	−0.0095%	4h	92.040	+0.069%	$24.8M	$70.7M	20x	as long as short
Variational Omni CL	−0.0079%	4h	91.945	−0.035%	$13.4M	$16.7M	—	as long as short
Nado WTI-PERP	−0.0079%	1h	92.072	+0.104%	$843K	$752K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0076%	1h	92.090	+0.123%	$96K	$470K	15x	as long as short
Aftermath Perps WTIUSD	−0.0075%	1h	92.050	+0.079%	$2K	$33K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0059%	1h	92.113	+0.147%	$267K	$1.3M	25x	as long as short
Lighter WTI	−0.0040%	1h	92.012	+0.038%	$11.1M	$12.5M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0038% / S +0.0036%	1h	91.802	−0.190%	$178K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CL_USDT_Perp	−0.0022%	4h	91.960	−0.018%	$58K	$812K	25x	as long as short
QFEX CL-USD	−0.0022%	1h	92.020	+0.047%	$2.4M	$2.8M	10x	as long as short
tradeXYZ xyz:CL	−0.0018%	1h	92.079	+0.111%	$183.5M	$287.0M	20x	as long as short
Bullet WTIOIL-USD	−0.0017%	1h	92.054	+0.084%	$19K	$246K	10x	as long as short
Gate CL_USDT	−0.0007%	8h	92.010	+0.036%	$21.1M	$61.6M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.035	+0.063%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.062	+0.093%	$24.7M	$95.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.060	+0.090%	$43.2M	$112.5M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.136	+0.173%	$3.1M	$2.6M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.061	+0.091%	$42.5M	$63.7M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.120	+0.156%	$395K	$1.1M	15x	as long as short
Paradex CL-USD-PERPshort	+0.0010%	8h	91.992	+0.016%	$15K	$367	5x
Phoenix WTIOIL	+0.0026%	1h	92.020	+0.047%	$33K	$99K	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.120	+0.156%	$1.9M	$29.3M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.595	+0.672%	$18K	$14K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.040	+0.069%	$726K	$2.6M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.130	+0.166%	—	$243K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.074	+0.106%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.955	−0.024%	$2.0M	$45K	20x	as long as short
edgeX CLUSDClong	+0.0093%	4h	91.977	long leg	$529K	$351K	30x
Pacifica CL	+0.0100%	1h	92.030	+0.058%	$315K	$542K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.088	+0.121%	$7.5M	$1.2M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.000	+0.025%	$55K	$272K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.039	+0.068%	$4K	$49	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0127% / S +0.0033%	1h	92.055	+0.085%	$79K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.960	−0.018%	$4.1M	$1.5M	50x	as long as short