Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.038%

Price spread now: Binance against Aevo+0.021%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.021% dearer against Aevo than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo WTIOIL-PERP	91.971	0.0104	pay 0.0013% / 1h	27m 52s	$4K	$49	10x
Short	Binance CLUSDT	91.990	0	get 0.0000% / 4h	2h 27m	$246.6M	$1.14B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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 AevobpFee BinancebpOrdersPrice spread, now +0.021%Rate

Funding earned: −$21.84
Price spread: +0.021% → 0.000%: $2.06
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$45.78
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Binance: live order book, 16 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 Aevo no order-book sample	—	—	—	—	—
Sell Binance live order book, 16 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	8.9 bp −$891	44.8 bp −$22.4K

Aevo: 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
QFEX CL-USD	−0.0019%	1h	92.000	+0.031%	$2.4M	$2.9M	10x	as long as short
Aster CLUSD1	0.0000%	4h	92.010	+0.042%	$24.5M	$77.0M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.992	+0.023%	$8K	$3K	5x	as long as short
Binance CLUSDTshort	0.0000%	4h	91.990	+0.021%	$246.6M	$1.14B	100x
Bybit CLUSDT	0.0000%	8h	91.980	+0.010%	$25.4M	$100.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.980	+0.010%	$43.1M	$117.1M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.930	−0.045%	$21.2M	$63.1M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.977	+0.006%	$42.2M	$69.5M	100x	as long as short
Variational Omni CL	0.0000%	4h	92.001	+0.032%	$13.6M	$16.2M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.980	+0.010%	$58K	$782K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.010	+0.042%	$95K	$315K	15x	as long as short
Aftermath Perps WTIUSD	+0.0001%	1h	91.976	+0.005%	$2K	$31K	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.000	+0.031%	$33K	$99K	20x	as long as short
Lighter WTI	+0.0032%	1h	91.954	−0.019%	$11.0M	$12.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.022	+0.055%	$2.0M	$29.8M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.044	+0.079%	$17K	$18K	30x	as long as short
edgeX CLUSDC	+0.0034%	4h	91.967	−0.005%	$529K	$343K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	92.023	+0.056%	$258K	$1.4M	25x	as long as short
StandX CL-USD	+0.0040%	1h	91.990	+0.021%	$726K	$3.0M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.118%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	+0.053%	—	$243K	10x	as long as short
Bullet WTIOIL-USD	+0.0048%	1h	91.992	+0.023%	$18K	$241K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.992	+0.023%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.985	+0.015%	$2.0M	$42K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.930	−0.045%	$3.5M	$6.5M	20x	as long as short
Pacifica CL	+0.0100%	1h	91.987	+0.017%	$332K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.976	+0.005%	$7.4M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.070	+0.108%	$55K	$265K	50x	as long as short
Paradex CL-USD-PERP	+0.0104%	8h	91.956	−0.017%	$15K	$367	5x	as long as short
Aevo WTIOIL-PERPlong	+0.0104%	1h	91.971	long leg	$4K	$49	10x
tradeXYZ xyz:CL	+0.0121%	1h	91.987	+0.017%	$182.4M	$296.3M	20x	as long as short
Nado WTI-PERP	+0.0177%	1h	91.997	+0.029%	$879K	$792K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	92.005	+0.037%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.960	−0.012%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.132	+0.176%	$3.2M	$2.7M	20x	as long as short