Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0134%/8h= −14.7% APRpaid last 24h −0.012%

Price spread now: Paradex against Pacifica−0.034%7-day average — · you buy dearer than you sell

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

Long on Pacifica 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 airdropPacifica: Active · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Paradex is 0.034% cheaper against Pacifica than usual: you would sell low and buy high (−$3 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	Pacifica CL	92.183	0.0100	pay 0.0013% / 1h	49m 03s	$353K	$596K	10x
Short	Paradex CL-USD-PERP	92.151	−0.0034	pay 0.0034% / 8h	7h 49m	$15K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Pacifica. 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 PacificabpFee ParadexbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$28.17
Price spread: −0.034% → 0.000%: −$3.43
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$43.61
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 25 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 Pacifica live order book, 25 min ago	0.05 bp	6.6 bp −$7	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 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
GRVT CL_USDT_Perp	−0.0536%	4h	92.166	−0.018%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0321%	4h	92.203	+0.021%	$23.9M	$79.7M	20x	as long as short
Gate CL_USDT	−0.0267%	8h	92.130	−0.057%	$21.3M	$54.4M	100x	as long as short
Binance CLUSDT	−0.0252%	4h	92.187	+0.005%	$245.2M	$1.08B	100x	as long as short
Variational Omni CL	−0.0236%	4h	92.101	−0.089%	$13.2M	$12.7M	—	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0184%	1h	92.220	+0.040%	$96K	$189K	15x	as long as short
Bybit CLUSDT	−0.0140%	8h	92.200	+0.018%	$26.0M	$93.8M	150x	as long as short
Nado WTI-PERP	−0.0122%	1h	92.252	+0.074%	$924K	$732K	10x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.258	+0.081%	$273K	$1.2M	25x	as long as short
Ondo Perps WTI-USD.P	−0.0094%	1h	92.150	−0.036%	$3.5M	$6.2M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0060%	1h	92.225	+0.046%	$186.3M	$261.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.166%	$399K	$960K	15x	as long as short
QFEX CL-USD	−0.0040%	1h	92.210	+0.029%	$2.4M	$2.2M	10x	as long as short
Paradex CL-USD-PERPshort	−0.0034%	8h	92.151	−0.034%	$15K	$367	5x
Lighter WTI	−0.0032%	1h	92.208	+0.027%	$11.2M	$9.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.235	+0.057%	$8K	$3K	5x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.190	+0.008%	$42.9M	$111.3M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.311	+0.138%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.202	+0.021%	$41.9M	$51.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.260	+0.084%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.223	+0.043%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.784	−0.433%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.280	+0.105%	$2.0M	$26.7M	10x	as long as short
edgeX CLUSDC	+0.0036%	4h	92.162	−0.023%	$530K	$306K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.150	−0.036%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.250	+0.073%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.251	+0.074%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.202	+0.021%	$2.0M	$39K	20x	as long as short
Pacifica CLlong	+0.0100%	1h	92.183	long leg	$353K	$596K	10x
KuCoin CLUSDTM	+0.0100%	4h	92.221	+0.041%	$7.2M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.120	−0.068%	$55K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.199	+0.018%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.215	+0.035%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.38	+9.979%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.180	−0.003%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0416%	1h	92.185	+0.003%	$2K	$29K	5x	as long as short