Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.021%

Price spread now: Paradex against KuCoin−0.054%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Paradex is 0.054% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLUSDTM	89.601	0.0100	pay 0.0050% / 4h	1h 42m	$6.9M	$3.0M	50x
Short	Paradex CL-USD-PERP	89.552	0.0015	get 0.0015% / 8h	5h 42m	$15K	$458	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against KuCoin. 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 KuCoinbpFee ParadexbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$17.85
Price spread: −0.054% → 0.000%: −$5.42
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$39.28
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: KuCoin: 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 KuCoin live order book, 3 min ago	0.34 bp	7.7 bp −$8	doesn't fit	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 exchanges

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
Kraken Futures PF_WTIOILUSD	−0.0341%	1h	89.595	−0.006%	$319K	$1.8M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0196%	1h	89.590	−0.012%	$39K	$654K	15x	as long as short
Aster CLUSD1	−0.0124%	4h	89.641	+0.044%	$24.3M	$72.3M	20x	as long as short
Bitget CLUSDT	−0.0108%	4h	89.633	+0.036%	$40.9M	$56.7M	100x	as long as short
GRVT CL_USDT_Perp	−0.0106%	4h	89.325	−0.308%	$66K	$632K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0096%	1h	89.520	−0.090%	$3.4M	$6.3M	20x	as long as short
tradeXYZ xyz:CL	−0.0086%	1h	89.621	+0.022%	$166.8M	$247.0M	20x	as long as short
Binance CLUSDT	−0.0080%	4h	89.610	+0.010%	$241.4M	$1.21B	100x	as long as short
Aftermath Perps WTIUSD	−0.0071%	1h	89.565	−0.040%	$1K	$26K	5x	as long as short
Variational Omni CL	−0.0056%	4h	89.472	−0.144%	$12.5M	$11.4M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0055%	8h	89.600	−0.001%	$23.2M	$54.2M	100x	as long as short
Extended WTI-USD	−0.0048%	1h	89.620	+0.021%	$1.3M	$14.3M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	89.700	+0.110%	$410K	$1.5M	15x	as long as short
Nado WTI-PERP	−0.0029%	1h	89.630	+0.032%	$874K	$688K	10x	as long as short
QFEX CL-USD	−0.0025%	1h	89.590	−0.012%	$2.2M	$2.6M	10x	as long as short
OKX CL-USDT-SWAP	−0.0024%	4h	89.610	+0.010%	$40.1M	$133.2M	50x	as long as short
edgeX CLUSDC	−0.0011%	4h	89.612	+0.013%	$495K	$385K	30x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.246	−0.396%	$607	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.622	+0.024%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.620	+0.021%	$27.4M	$109.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	89.671	+0.079%	$2.8M	$3.1M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	89.470	−0.146%	$32K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.602	+0.001%	$17K	$237K	10x	as long as short
Paradex CL-USD-PERPshort	+0.0015%	8h	89.552	−0.054%	$15K	$458	5x
Lighter WTI	+0.0032%	1h	89.608	+0.008%	$10.7M	$10.6M	20x	as long as short
StandX CL-USD	+0.0040%	1h	89.700	+0.110%	$692K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.600	−0.001%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.567	−0.038%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.630	+0.032%	$2.0M	$84K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.586	−0.016%	$300K	$737K	10x	as long as short
KuCoin CLUSDTMlong	+0.0100%	4h	89.601	long leg	$6.9M	$3.0M	50x
ApeX Omni CLUSDT	+0.0100%	1h	89.710	+0.122%	$52K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.582	−0.021%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0165% / S −0.0004%	1h	89.605	+0.004%	$77K	—	111x	as long as short
BloFin CL-USDT	+0.0215%	4h	89.700	+0.110%	$3.9M	$1.1M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.598%	$16K	$5K	30x	as long as short