Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.013%

Price spread now: Pacifica against Paradex+0.014%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 Pacifica

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 · Pacifica: 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: +$2 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	92.820	0.0028	pay 0.0028% / 8h	6h 19m	$16K	$367	5x
Short	Pacifica CL	92.834	0.0100	get 0.0013% / 1h	19m 24s	$331K	$618K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.014%Rate

Funding earned: $15.12
Price spread: +0.014% → 0.000%: $1.42
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $4.54
Costs to cover: 0.120%
Break-even: 4.9 days

Slippage unknown: Paradex: no order-book sample; Pacifica: live order book, 49 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 Pacifica live order book, 49 min ago	0.05 bp	5.6 bp −$6	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 35 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	−0.0504%	1h	92.720	−0.108%	$198K	$365K	15x	as long as short
Aster CLUSD1	−0.0301%	4h	92.870	+0.053%	$24.0M	$72.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0266%	4h	92.727	−0.100%	$53K	$631K	25x	as long as short
Binance CLUSDT	−0.0253%	4h	92.850	+0.032%	$244.5M	$977.5M	100x	as long as short
Variational Omni CL	−0.0250%	4h	92.718	−0.110%	$13.3M	$11.0M	—	as long as short
Gate CL_USDT	−0.0118%	8h	92.810	−0.011%	$20.9M	$53.7M	100x	as long as short
Nado WTI-PERP	−0.0065%	1h	92.878	+0.062%	$966K	$674K	10x	as long as short
tradeXYZ xyz:CL	−0.0051%	1h	92.852	+0.034%	$184.5M	$220.4M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.076%	$402K	$946K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0039%	1h	92.690	−0.140%	$3.5M	$5.7M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.792	−0.031%	$268K	$879K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.810	−0.011%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0020%	4h	92.850	+0.032%	$42.8M	$104.9M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.836	+0.017%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.870	+0.053%	$26.9M	$82.3M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.857	+0.039%	$42.0M	$44.1M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	−0.033%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.846	+0.027%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.392	−0.462%	$5K	—	150x	as long as short
Aftermath Perps WTIUSD	+0.0021%	1h	92.790	−0.033%	$2K	$28K	5x	as long as short
Paradex CL-USD-PERPlong	+0.0028%	8h	92.820	long leg	$16K	$367	5x
Lighter WTI	+0.0032%	1h	92.810	−0.011%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.870	+0.053%	$2.1M	$24.5M	10x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.951	+0.141%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.485%	$726K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.860	+0.043%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.864	+0.047%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.751	−0.075%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0072%	4h	92.855	+0.037%	$7.2M	$2.3M	50x	as long as short
edgeX CLUSDC	+0.0089%	4h	92.738	−0.089%	$533K	$298K	30x	as long as short
Pacifica CLshort	+0.0100%	1h	92.834	+0.014%	$331K	$618K	10x
ApeX Omni CLUSDT	+0.0100%	1h	92.740	−0.087%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.720	−0.108%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.755	−0.070%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.83	+9.710%	$19K	$11K	30x	as long as short