Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0056%/8h= +6.2% APRpaid last 24h +0.013%

Price spread now: Polymarket Perps against Paradex+0.026%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 Polymarket Perps

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 +$2 a day on $10k at the current rate, and Polymarket Perps is 0.026% dearer against Paradex than usual: you sell high and buy low: +$3 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	92.546	−0.0006	get 0.0006% / 8h	7h 24m	$15K	$367	5x
Short	Polymarket Perps WTIOIL-USD	92.570	0.0050	get 0.0006% / 1h	24m 45s	$1.6M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now +0.026%Rate

Funding earned: $11.84
Price spread: +0.026% → 0.000%: $2.59
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $2.44
Costs to cover: 0.120%
Break-even: 5.6 days

Slippage unknown: Paradex: no order-book sample; Polymarket Perps: live order book, 4 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 Polymarket Perps live order book, 4 min ago	2.11 bp	6.1 bp −$6	8.5 bp −$85	11.2 bp −$1,124	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	−0.0614%	1h	92.510	−0.039%	$108K	$234K	15x	as long as short
GRVT CL_USDT_Perp	−0.0350%	4h	92.486	−0.065%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0333%	4h	92.557	+0.011%	$24.0M	$78.7M	20x	as long as short
Binance CLUSDT	−0.0272%	4h	92.566	+0.021%	$245.3M	$1.06B	100x	as long as short
Variational Omni CL	−0.0265%	4h	92.480	−0.072%	$13.1M	$12.2M	—	as long as short
Gate CL_USDT	−0.0212%	8h	92.490	−0.061%	$21.3M	$55.1M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.577	+0.034%	$274K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0067%	1h	92.608	+0.067%	$933K	$732K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0047%	1h	92.500	−0.050%	$3.5M	$6.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.558%	$399K	$959K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.540	−0.006%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0024%	1h	92.569	+0.025%	$186.8M	$235.7M	20x	as long as short
Paradex CL-USD-PERPlong	−0.0006%	8h	92.546	long leg	$15K	$367	5x
dYdX WTI-USD	0.0000%	1h	92.582	+0.038%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.590	+0.048%	$26.4M	$92.1M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.550	+0.004%	$43.0M	$111.1M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.679	+0.144%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.554	+0.009%	$42.1M	$50.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.500	−0.050%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.561	+0.016%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.109	−0.472%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0015%	4h	92.485	−0.066%	$532K	$298K	30x	as long as short
Lighter WTI	+0.0016%	1h	92.565	+0.021%	$11.2M	$10.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.590	+0.048%	$2.3M	$26.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.380	−0.179%	$723K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.560	+0.015%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USDshort	+0.0050%	1h	92.570	+0.026%	$1.6M	$1.4M	20x
SoDEX CL-USD	+0.0050%	1h	92.555	+0.010%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.569	+0.025%	$356K	$603K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.582	+0.039%	$7.2M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.560	+0.015%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.519	−0.030%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.555	+0.010%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.736%	$19K	$11K	30x	as long as short
Aftermath Perps WTIUSD	+0.0233%	1h	92.511	−0.038%	$2K	$28K	5x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.480	−0.071%	$4.0M	$1.4M	50x	as long as short