Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h +0.003%

Price spread now: Paradex against gTrade (Gains Network)+0.456%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 1 day (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 pays, funding is against you. Paradex is 0.456% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.456% now, against zero (this spread has no 7-day history yet)): +$46 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WTI/USD	92.912	L 0.0000% / S +0.0036%	pay 0.0000% / 1h	3m 18s	$5K	—	150x
Short	Paradex CL-USD-PERP	93.336	−0.0018	pay 0.0018% / 8h	3h 03m	$16K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ParadexbpOrdersPrice spread, now +0.456%Rate

Funding earned: −$3.83
Price spread: +0.456% → 0.000%: $45.61
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $29.78
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

gTrade (Gains Network) 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	−0.0499%	1h	93.330	+0.450%	$198K	$371K	15x	as long as short
GRVT CL_USDT_Perp	−0.0332%	4h	93.330	+0.450%	$58K	$654K	25x	as long as short
Aster CLUSD1	−0.0286%	4h	93.381	+0.505%	$24.3M	$65.8M	20x	as long as short
Binance CLUSDT	−0.0190%	4h	93.357	+0.479%	$246.5M	$939.3M	100x	as long as short
Variational Omni CL	−0.0175%	4h	93.319	+0.438%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0147%	1h	93.359	+0.481%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0129%	1h	93.280	+0.396%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0128%	4h	93.355	+0.477%	$42.0M	$43.2M	100x	as long as short
Nado WTI-PERP	−0.0106%	1h	93.392	+0.517%	$966K	$625K	10x	as long as short
Gate CL_USDT	−0.0071%	8h	93.290	+0.407%	$21.4M	$51.6M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0066%	4h	93.370	+0.493%	$42.7M	$103.2M	50x	as long as short
tradeXYZ xyz:CL	−0.0062%	1h	93.356	+0.478%	$184.7M	$217.1M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.380	+0.504%	$282K	$961K	25x	as long as short
edgeX CLUSDC	−0.0053%	4h	93.336	+0.456%	$525K	$306K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	+0.267%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.340	+0.461%	$2.3M	$2.0M	10x	as long as short
Paradex CL-USD-PERPshort	−0.0018%	8h	93.336	+0.456%	$16K	$367	5x
Phoenix WTIOIL	−0.0009%	1h	93.370	+0.493%	$37K	$41K	20x	as long as short
Lighter WTI	0.0000%	1h	93.352	+0.474%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	+0.449%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.380	+0.504%	$27.0M	$79.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.408	+0.534%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.357	+0.479%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USDlong	L 0.0000% / S +0.0036%	1h	92.912	long leg	$5K	—	150x
Extended WTI-USD	+0.0016%	1h	93.390	+0.514%	$2.0M	$18.2M	10x	as long as short
KuCoin CLUSDTM	+0.0024%	4h	93.382	+0.506%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.270	+0.385%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.370	+0.493%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.356	+0.478%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.357	+0.479%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.349	+0.470%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.320	+0.439%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.321	+0.440%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0175%	4h	93.350	+0.471%	$4.0M	$990K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+10.181%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0225% / S −0.0153%	1h	93.355	+0.477%	$81K	—	111x	as long as short