Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h +0.014%

Price spread now: RISEx against Paradex+0.099%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 RISEx

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 pays, funding is against you. RISEx is 0.099% dearer against Paradex than usual: you sell high and buy low (spread +0.099% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 34 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CL-USD-PERP	89.651	0.0010	pay 0.0010% / 8h	5h 59m	$15K	$367	5x
Short	RISEx CL/USDC	89.739	0	get 0.0000% / 1h	59m 17s	$2.8M	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$2.02
Price spread: +0.099% → 0.000%: $9.86
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$2.16
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; RISEx: 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 RISEx live order book, 2 min ago	1.88 bp	4.9 bp −$5	7.7 bp −$77	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 exchanges

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	−0.0643%	1h	89.540	−0.124%	$181K	$436K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0341%	1h	89.596	−0.062%	$322K	$1.8M	25x	as long as short
tradeXYZ xyz:CL	−0.0183%	1h	89.633	−0.020%	$171.6M	$241.6M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0162%	1h	89.640	−0.012%	$3.4M	$6.2M	20x	as long as short
Aster CLUSD1	−0.0149%	4h	89.691	+0.045%	$24.5M	$70.4M	20x	as long as short
Bitget CLUSDT	−0.0118%	4h	89.636	−0.017%	$40.7M	$54.9M	100x	as long as short
Nado WTI-PERP	−0.0103%	1h	89.713	+0.069%	$868K	$683K	10x	as long as short
Binance CLUSDT	−0.0103%	4h	89.659	+0.009%	$239.4M	$1.18B	100x	as long as short
Extended WTI-USD	−0.0096%	1h	89.620	−0.035%	$1.3M	$14.8M	10x	as long as short
Variational Omni CL	−0.0081%	4h	90.154	+0.561%	$12.7M	$11.3M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0081%	4h	90.230	+0.645%	$504K	$380K	30x	as long as short
Gate CL_USDT	−0.0071%	8h	89.570	−0.090%	$23.2M	$52.6M	100x	as long as short
GRVT CL_USDT_Perp	−0.0066%	4h	90.610	+1.069%	$74K	$628K	25x	as long as short
Aftermath Perps WTIUSD	−0.0045%	1h	90.168	+0.576%	$1K	$27K	5x	as long as short
OKX CL-USDT-SWAP	−0.0041%	4h	89.580	−0.079%	$39.8M	$127.9M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	89.640	−0.012%	$409K	$1.4M	15x	as long as short
QFEX CL-USD	−0.0023%	1h	89.700	+0.055%	$2.2M	$2.8M	10x	as long as short
Lighter WTI	−0.0016%	1h	89.558	−0.104%	$10.7M	$10.0M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.813	+0.181%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.748	+0.108%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.620	−0.035%	$26.1M	$106.5M	150x	as long as short
RISEx CL/USDCshort	0.0000%	1h	89.739	+0.099%	$2.8M	$3.1M	20x
Bullet WTIOIL-USD	0.0000%	1h	89.669	+0.020%	$16K	$238K	10x	as long as short
Paradex CL-USD-PERPlong	+0.0010%	8h	89.651	long leg	$15K	$367	5x
StandX CL-USD	+0.0040%	1h	89.870	+0.244%	$695K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.730	+0.088%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.664	+0.014%	$1.7M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.590	−0.068%	$2.0M	$82K	20x	as long as short
Phoenix WTIOIL	+0.0053%	1h	90.370	+0.802%	$36K	$37K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.701	+0.056%	$300K	$729K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.676	+0.028%	$6.9M	$3.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.090	+0.490%	$52K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.569	−0.092%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0167% / S +0.0014%	1h	89.725	+0.083%	$72K	—	111x	as long as short
BloFin CL-USDT	+0.0199%	4h	89.640	−0.012%	$3.9M	$1.1M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.542%	$16K	$5K	30x	as long as short