Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h +0.017%

Price spread now: Paradex against Variational Omni+0.080%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Paradex is 0.080% dearer against Variational Omni than usual: you sell high and buy low: +$8 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	Variational Omni CL	92.957	−0.0200	get 0.0100% / 4h	1h 04m	$13.5M	$11.2M	—
Short	Paradex CL-USD-PERP	93.032	0.0010	get 0.0010% / 8h	5h 04m	$16K	$367	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Variational Omni. 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 Variational OmnibpFee ParadexbpOrdersPrice spread, now +0.080%Rate

Funding earned: $43.99
Price spread: +0.080% → 0.000%: $8.04
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $48.03
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Paradex: no order-book sample. 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 Variational Omni RFQ quote, 5 min ago	2.27 bp	doesn't fit	2.3 bp −$23	5.5 bp −$553	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	−0.0609%	1h	93.060	+0.111%	$199K	$369K	15x	as long as short
Aster CLUSD1	−0.0264%	4h	93.080	+0.132%	$24.0M	$68.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.885	−0.077%	$53K	$635K	25x	as long as short
Binance CLUSDT	−0.0207%	4h	93.099	+0.153%	$245.0M	$953.1M	100x	as long as short
Variational Omni CLlong	−0.0200%	4h	92.957	long leg	$13.5M	$11.2M	—
Ondo Perps WTI-USD.P	−0.0165%	1h	93.000	+0.046%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0146%	1h	93.084	+0.137%	$962K	$654K	10x	as long as short
OKX CL-USDT-SWAP	−0.0083%	4h	93.100	+0.154%	$42.9M	$102.5M	50x	as long as short
Extended WTI-USD	−0.0080%	1h	93.140	+0.197%	$2.1M	$22.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0074%	1h	93.103	+0.157%	$185.3M	$217.3M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0069%	1h	93.003	+0.049%	$2K	$27K	5x	as long as short
Gate CL_USDT	−0.0061%	8h	93.050	+0.100%	$20.9M	$53.2M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.223%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.050	+0.100%	$2.5M	$1.7M	10x	as long as short
edgeX CLUSDC	−0.0030%	4h	92.944	−0.014%	$529K	$302K	30x	as long as short
Bitget CLUSDT	−0.0028%	4h	93.102	+0.156%	$42.1M	$43.6M	100x	as long as short
Lighter WTI	0.0000%	1h	93.039	+0.088%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.014	+0.061%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.120	+0.175%	$26.7M	$81.0M	150x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.010	+0.057%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.103	+0.157%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.662	−0.317%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0006%	4h	93.073	+0.125%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERPshort	+0.0010%	8h	93.032	+0.080%	$16K	$367	5x
StandX CL-USD	+0.0040%	1h	92.940	−0.018%	$733K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.090	+0.143%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.108	+0.163%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.091	+0.144%	$2.1M	$60K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.153	+0.211%	$3.1M	$2.9M	20x	as long as short
Pacifica CL	+0.0100%	1h	93.041	+0.091%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	+0.003%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.060	+0.111%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	93.117	+0.172%	$274K	$871K	25x	as long as short
BloFin CL-USDT	+0.0159%	4h	93.000	+0.046%	$4.1M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0209% / S −0.0134%	1h	93.085	+0.138%	$79K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.834%	$19K	$11K	30x	as long as short