Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.006%

Price spread now: StandX against Paradex−0.153%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on StandX

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 · StandX: Active · farm boardneeds both histories

Funding pays, the price is against you. StandX is 0.153% cheaper against Paradex than usual: you would sell low and buy high (spread −0.153% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 22 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex CL-USD-PERP	90.669	0.0017	pay 0.0017% / 8h	6h 55m	$15K	$367	5x
Short	StandX CL-USD	90.530	0.0040	get 0.0005% / 1h	55m 08s	$704K	$2.8M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.153%Rate

Funding earned: $4.83
Price spread: −0.153% → 0.000%: −$15.33
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee StandX: 4 bp × 2 orders: −$8
Net: −$22.5
Costs to cover: 0.120%
Break-even: 39.6 days

Slippage unknown: Paradex: no order-book sample; StandX: 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 StandX live order book, 4 min ago	4.96 bp	9.0 bp −$9	10.9 bp −$109	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
Kraken Futures PF_WTIOILUSD	−0.0364%	1h	90.848	+0.198%	$267K	$1.0M	25x	as long as short
ApeX Omni CLUSDT	−0.0289%	1h	90.470	−0.219%	$53K	$266K	50x	as long as short
Aster CLUSD1	−0.0196%	4h	90.910	+0.266%	$24.5M	$61.5M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0190%	1h	90.840	+0.189%	$182K	$416K	15x	as long as short
Binance CLUSDT	−0.0117%	4h	90.880	+0.233%	$245.9M	$1.04B	100x	as long as short
Bitget CLUSDT	−0.0098%	4h	90.867	+0.218%	$40.8M	$46.2M	100x	as long as short
Variational Omni CL	−0.0091%	4h	90.607	−0.068%	$13.0M	$11.0M	—	as long as short
Gate CL_USDT	−0.0079%	8h	90.820	+0.167%	$23.0M	$50.8M	100x	as long as short
Nado WTI-PERP	−0.0067%	1h	90.711	+0.047%	$936K	$614K	10x	as long as short
edgeX CLUSDC	−0.0045%	4h	90.565	−0.115%	$518K	$357K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0041%	4h	90.880	+0.233%	$41.2M	$112.1M	50x	as long as short
GRVT CL_USDT_Perp	−0.0040%	4h	90.480	−0.208%	$70K	$617K	25x	as long as short
Aftermath Perps WTIUSD	−0.0034%	1h	90.617	−0.057%	$1K	$27K	5x	as long as short
tradeXYZ xyz:CL	−0.0028%	1h	90.848	+0.197%	$177.0M	$208.1M	20x	as long as short
QFEX CL-USD	−0.0023%	1h	90.700	+0.034%	$2.2M	$2.9M	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.952	−0.791%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.680	+0.012%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.900	+0.255%	$26.4M	$91.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.829	+0.176%	$2.9M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.820	+0.166%	$18K	$238K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0008%	1h	90.590	−0.087%	$408K	$1.0M	15x	as long as short
Phoenix WTIOIL	+0.0009%	1h	90.620	−0.054%	$36K	$37K	20x	as long as short
Paradex CL-USD-PERPlong	+0.0017%	8h	90.669	long leg	$15K	$367	5x
Lighter WTI	+0.0032%	1h	90.851	+0.201%	$11.0M	$9.0M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	90.850	+0.200%	$1.6M	$13.7M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	102.13	+12.645%	$19K	$5K	30x	as long as short
StandX CL-USDshort	+0.0040%	1h	90.530	−0.153%	$704K	$2.8M	40x
Vest CL-PERP	+0.0046%	1h	90.690	+0.023%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.730	+0.067%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.866	+0.217%	$2.0M	$81K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	90.640	−0.032%	$3.5M	$5.2M	20x	as long as short
Pacifica CL	+0.0100%	1h	90.696	+0.030%	$335K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.885	+0.238%	$6.9M	$2.8M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.864	+0.215%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0199%	4h	90.800	+0.144%	$4.0M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0255% / S −0.0185%	1h	90.825	+0.172%	$84K	—	111x	as long as short