Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0047%/8h= +5.2% APRpaid last 24h +0.029%

Price spread now: KuCoin against Paradex+0.055%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 KuCoin

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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.055% dearer against Paradex than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CL-USD-PERP	92.749	0.0023	pay 0.0023% / 8h	6h 37m	$16K	$367	5x
Short	KuCoin CLUSDTM	92.800	0.0070	get 0.0035% / 4h	2h 37m	$7.2M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.055%Rate

Funding earned: $9.92
Price spread: +0.055% → 0.000%: $5.45
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$0.63
Costs to cover: 0.160%
Break-even: 7.4 days

Slippage unknown: Paradex: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	1.67 bp	8.6 bp −$9	doesn't fit	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-PERPETUAL	−0.0612%	1h	92.750	+0.001%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0331%	4h	92.786	+0.039%	$23.9M	$74.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0296%	4h	92.686	−0.068%	$50K	$633K	25x	as long as short
Binance CLUSDT	−0.0273%	4h	92.744	−0.006%	$244.3M	$992.5M	100x	as long as short
Variational Omni CL	−0.0266%	4h	92.741	−0.009%	$13.3M	$11.1M	—	as long as short
Gate CL_USDT	−0.0152%	8h	92.710	−0.043%	$20.9M	$53.0M	100x	as long as short
tradeXYZ xyz:CL	−0.0070%	1h	92.770	+0.022%	$185.1M	$221.6M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0064%	1h	92.730	−0.021%	$3.5M	$5.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.776%	$399K	$939K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.814	+0.070%	$275K	$870K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WTI-PERP	−0.0035%	1h	92.815	+0.071%	$936K	$678K	10x	as long as short
QFEX CL-USD	−0.0033%	1h	92.730	−0.021%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0011%	4h	92.770	+0.022%	$42.8M	$106.3M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.754	+0.005%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.760	+0.011%	$26.3M	$83.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.742	−0.008%	$41.9M	$45.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	+0.044%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.772	+0.024%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.355	−0.425%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.800	+0.055%	$2.1M	$25.0M	10x	as long as short
edgeX CLUSDC	+0.0018%	4h	92.721	−0.030%	$533K	$297K	30x	as long as short
Paradex CL-USD-PERPlong	+0.0023%	8h	92.749	long leg	$16K	$367	5x
Lighter WTI	+0.0032%	1h	92.769	+0.021%	$11.2M	$10.2M	20x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.877	+0.138%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.380	−0.398%	$726K	$3.0M	40x	as long as short
Aftermath Perps WTIUSD	+0.0046%	1h	92.757	+0.008%	$2K	$28K	5x	as long as short
Vest CL-PERP	+0.0046%	1h	92.780	+0.033%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.755	+0.006%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.782	+0.035%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTMshort	+0.0070%	4h	92.800	+0.055%	$7.2M	$2.3M	50x
Pacifica CL	+0.0100%	1h	92.778	+0.031%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.760	+0.011%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.756	+0.007%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.785	+0.038%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.93	+9.901%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	−0.021%	$4.0M	$1.2M	50x	as long as short