Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0169%/8h= −18.5% APRpaid last 24h −0.022%

Price spread now: Aftermath Perps against Paradex+0.097%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. Aftermath Perps is 0.097% dearer against Paradex than usual: you sell high and buy low (spread +0.097% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CL-USD-PERP	93.342	0.0020	pay 0.0020% / 8h	2h 05m	$16K	$367	5x
Short	Aftermath Perps WTIUSD	93.432	−0.0149	pay 0.0019% / 1h	5m 09s	$2K	$26K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now +0.097%Rate

Funding earned: −$35.51
Price spread: +0.097% → 0.000%: $9.67
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$38.84
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Aftermath Perps: 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 Aftermath Perps no order-book sample	—	—	—	—	—

Paradex and Aftermath Perps: 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	−0.0392%	1h	93.350	+0.009%	$196K	$377K	15x	as long as short
Aster CLUSD1	−0.0276%	4h	93.411	+0.074%	$24.4M	$64.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0274%	4h	93.368	+0.028%	$58K	$629K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.384	+0.045%	$285K	$959K	25x	as long as short
Binance CLUSDT	−0.0170%	4h	93.390	+0.051%	$246.3M	$931.4M	100x	as long as short
Variational Omni CL	−0.0163%	4h	93.349	+0.007%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSDshort	−0.0149%	1h	93.432	+0.097%	$2K	$26K	5x
Bitget CLUSDT	−0.0120%	4h	93.364	+0.024%	$42.1M	$42.7M	100x	as long as short
Nado WTI-PERP	−0.0106%	1h	93.400	+0.062%	$971K	$630K	10x	as long as short
Gate CL_USDT	−0.0083%	8h	93.310	−0.034%	$22.0M	$50.4M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0078%	1h	93.310	−0.034%	$3.5M	$5.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0076%	1h	93.373	+0.033%	$184.8M	$212.3M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	+0.169%	$404K	$931K	15x	as long as short
OKX CL-USDT-SWAP	−0.0037%	4h	93.380	+0.041%	$42.6M	$102.2M	50x	as long as short
QFEX CL-USD	−0.0032%	1h	93.360	+0.019%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0001%	4h	93.375	+0.036%	$525K	$306K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.405	+0.068%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.397	+0.059%	$27.0M	$79.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.410	+0.072%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.540	+0.212%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.363	+0.023%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.916	−0.456%	$5K	—	150x	as long as short
Paradex CL-USD-PERPlong	+0.0020%	8h	93.342	long leg	$16K	$367	5x
Lighter WTI	+0.0024%	1h	93.370	+0.030%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.400	+0.062%	$2.0M	$16.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.440	+0.105%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.360	+0.019%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.357	+0.016%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.347	+0.005%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.371	+0.031%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0096%	4h	93.389	+0.050%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.460	+0.126%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.342	0.000%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0202%	4h	93.370	+0.030%	$4.0M	$988K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.967%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0240% / S −0.0174%	1h	93.365	+0.025%	$84K	—	111x	as long as short