Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.030%

Price spread now: Aevo against Paradex−0.057%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.057% cheaper against Paradex than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CL-USD-PERP	93.108	0.0011	pay 0.0011% / 8h	3m 48s	$16K	$367	5x
Short	Aevo WTIOIL-PERP	93.056	0.0104	get 0.0013% / 1h	3m 48s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Paradex. 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 ParadexbpFee AevobpOrdersPrice spread, now −0.057%Rate

Funding earned: $19.6
Price spread: −0.057% → 0.000%: −$5.67
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$6.06
Costs to cover: 0.200%
Break-even: 9.2 days

Slippage unknown: Paradex: no order-book sample; Aevo: 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 Paradex no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Paradex and Aevo: 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	−0.0609%	1h	93.040	−0.073%	$194K	$398K	15x	as long as short
Aster CLUSD1	−0.0253%	4h	93.137	+0.031%	$24.8M	$62.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0218%	4h	93.231	+0.131%	$75K	$634K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	93.097	−0.012%	$273K	$924K	25x	as long as short
Binance CLUSDT	−0.0140%	4h	93.094	−0.015%	$246.4M	$922.9M	100x	as long as short
Gate CL_USDT	−0.0138%	8h	93.030	−0.084%	$23.2M	$50.8M	100x	as long as short
Variational Omni CL	−0.0130%	4h	93.192	+0.090%	$13.6M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0109%	1h	93.206	+0.105%	$954K	$613K	10x	as long as short
Bitget CLUSDT	−0.0102%	4h	93.106	−0.003%	$42.2M	$41.4M	100x	as long as short
Aftermath Perps WTIUSD	−0.0084%	1h	93.155	+0.051%	$1K	$26K	5x	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	−0.0069%	4h	93.100	−0.009%	$42.6M	$103.1M	50x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.256	+0.159%	$525K	$324K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.110	+0.002%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0016%	1h	93.104	−0.005%	$184.3M	$196.5M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.464%	$405K	$810K	15x	as long as short
Lighter WTI	−0.0008%	1h	93.045	−0.068%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0004%	1h	93.090	−0.020%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.133	+0.027%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.105	−0.004%	$27.0M	$79.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.144	+0.038%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.240	+0.141%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.053	−0.059%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.653	−0.489%	$5K	—	150x	as long as short
Paradex CL-USD-PERPlong	+0.0011%	8h	93.108	long leg	$16K	$367	5x
Extended WTI-USD	+0.0032%	1h	93.140	+0.034%	$1.7M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.210	+0.109%	$736K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.130	+0.023%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.093	−0.016%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.075	−0.036%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.130	+0.023%	$347K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.110	+0.002%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.290	+0.195%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERPshort	+0.0104%	1h	93.056	−0.057%	$4K	—	10x
BloFin CL-USDT	+0.0168%	4h	93.180	+0.077%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.694%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0261% / S −0.0179%	1h	93.085	−0.025%	$90K	—	111x	as long as short