Settings8H · net · $10k
Funding arb · Price arb /

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0081%/8h= −8.8% APRnext payment $0.81 per $10,000 · paid last 24h +0.041%
Price spread now: Paradex against Gate+0.051%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno 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 0.051% dearer against Gate than usual: you sell high and buy low (spread +0.051% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CL_USDT92.000−0.0026get 0.0026% / 8h41m 26s$21.3M$57.6M100x
ShortParadex CL-USD-PERP92.047−0.0107pay 0.0107% / 8h41m 26s$15K$3675x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Gate. 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

Funding earned
−$16.91
Price spread: +0.051% → 0.000%
$5.09
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$30.82
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 2 min ago0.54 bp10.1 bp −$1015.3 bp −$15325.0 bp −$2,50430.8 bp −$15.4K
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_WTIOILUSD−0.0450%1h92.096+0.104%$275K$1.2M25xas long as short
GRVT CL_USDT_Perp−0.0310%4h92.070+0.076%$58K$702K25xas long as short
Deribit WTIOIL_USDC-PERPETUAL−0.0293%1h92.080+0.087%$96K$189K15xas long as short
Aster CLUSD1−0.0234%4h92.080+0.087%$24.0M$77.6M20xas long as short
Nado WTI-PERP−0.0175%1h92.133+0.144%$924K$741K10xas long as short
Binance CLUSDT−0.0156%4h92.060+0.065%$245.3M$1.10B100xas long as short
Lighter WTI−0.0128%1h92.062+0.067%$11.1M$10.9M20xas long as short
Variational Omni CL−0.0123%4h91.994−0.007%$13.4M$12.7Mas long as short
Ondo Perps WTI-USD.P−0.0122%1h92.080+0.087%$3.5M$6.4M20xas long as short
Paradex CL-USD-PERPshort−0.0107%8h92.047+0.051%$15K$3675x
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:CL−0.0106%1h92.092+0.100%$187.1M$276.7M20xas long as short
Bullet WTIOIL-USD−0.0071%1h92.060+0.065%$18K$241K10xas long as short
QFEX CL-USD−0.0054%1h92.040+0.043%$2.4M$2.6M10xas long as short
Gate CL_USDTlong−0.0026%8h92.000long leg$21.3M$57.6M100x
Pacifica CL−0.0020%1h92.083+0.091%$332K$576K10xas long as short
dYdX WTI-USD0.0000%1h92.108+0.117%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h92.090+0.098%$25.5M$94.9M150xas long as short
OKX CL-USDT-SWAP0.0000%4h92.080+0.087%$43.1M$112.9M50xas long as short
RISEx CL/USDC0.0000%1h92.170+0.185%$3.3M$2.7M20xas long as short
Bitget CLUSDT0.0000%4h92.054+0.059%$42.0M$51.7M100xas long as short
Phoenix WTIOIL0.0000%1h92.120+0.130%$37K$101K20xas long as short
Coinbase International WTIOIL-PERP-INTX0.0000%1h92.030+0.033%$399K$984K15xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h91.645−0.386%$4K150xas long as short
Extended WTI-USD+0.0008%1h92.120+0.130%$2.0M$27.5M10xas long as short
Polymarket Perps WTIOIL-USD+0.0033%1h92.068+0.074%$1.6M$1.4M20xas long as short
StandX CL-USD+0.0040%1h92.100+0.109%$721K$3.1M40xas long as short
Vest CL-PERP+0.0046%1h92.120+0.130%$308K10xas long as short
SoDEX CL-USD+0.0050%1h92.075+0.082%$2.0M$39K20xas long as short
edgeX CLUSDC+0.0059%4h92.037+0.040%$529K$336K30xas long as short
Aftermath Perps WTIUSD+0.0076%1h92.085+0.092%$2K$29K5xas long as short
KuCoin CLUSDTM+0.0100%4h92.075+0.082%$7.3M$2.1M50xas long as short
ApeX Omni CLUSDT+0.0100%1h92.150+0.163%$56K$266K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h92.046+0.050%$4K10xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0203% / S −0.0127%1h92.065+0.071%$76K111xas long as short
Injective WTI/USDC PERP+0.0220%1h101.28+10.082%$19K$11K30xas long as short
BloFin CL-USDT+0.0240%4h92.070+0.076%$4.0M$1.4M50xas long as short