Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0633%/8h= −69.3% APRpaid last 24h −0.047%

Price spread now: Deribit against Paradex+0.011%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 Deribit

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$19 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CL-USD-PERP	93.589	0.0029	pay 0.0029% / 8h	1h 41m	$16K	$367	5x
Short	Deribit WTIOIL_USDC-PERPETUAL	93.600	−0.0604	pay 0.0075% / 1h	41m 18s	$197K	$381K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$132.89
Price spread: +0.011% → 0.000%: $1.15
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$142.75
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 2 min ago. 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 Deribit live order book, 2 min ago	0.53 bp	4.0 bp −$4	5.7 bp −$57	doesn't fit	doesn't fit

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
Deribit WTIOIL_USDC-PERPETUALshort	−0.0604%	1h	93.600	+0.011%	$197K	$381K	15x
Aster CLUSD1	−0.0261%	4h	93.665	+0.081%	$24.5M	$65.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0244%	4h	93.620	+0.033%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0145%	4h	93.630	+0.044%	$246.4M	$924.8M	100x	as long as short
Aftermath Perps WTIUSD	−0.0140%	1h	93.627	+0.041%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.617	+0.029%	$286K	$956K	25x	as long as short
Variational Omni CL	−0.0135%	4h	93.599	+0.010%	$13.5M	$10.7M	—	as long as short
Bitget CLUSDT	−0.0102%	4h	93.616	+0.029%	$42.2M	$42.4M	100x	as long as short
Gate CL_USDT	−0.0098%	8h	93.550	−0.042%	$22.3M	$48.7M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0086%	1h	93.540	−0.053%	$3.5M	$5.4M	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	−0.0058%	1h	93.625	+0.038%	$185.0M	$211.0M	20x	as long as short
edgeX CLUSDC	−0.0055%	4h	93.649	+0.064%	$526K	$307K	30x	as long as short
Nado WTI-PERP	−0.0037%	1h	93.692	+0.110%	$966K	$627K	10x	as long as short
QFEX CL-USD	−0.0023%	1h	93.590	+0.001%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0014%	4h	93.620	+0.033%	$42.6M	$101.8M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.095%	$404K	$931K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.651	+0.066%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.631	+0.045%	$27.0M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.639	+0.054%	$3.1M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.640	+0.054%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.627	+0.040%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.181	−0.436%	$5K	—	150x	as long as short
Paradex CL-USD-PERPlong	+0.0029%	8h	93.589	long leg	$16K	$367	5x
Lighter WTI	+0.0032%	1h	93.656	+0.071%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.670	+0.086%	$2.0M	$16.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	+0.097%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.640	+0.054%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.595	+0.006%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.653	+0.068%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.594	+0.005%	$333K	$576K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.633	+0.047%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.680	+0.097%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.599	+0.010%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.782%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0226%	4h	93.590	+0.001%	$4.0M	$977K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0246% / S −0.0179%	1h	93.625	+0.038%	$84K	—	111x	as long as short