Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0121%/8h= +13.3% APRpaid last 24h +0.035%

Price spread now: BloFin against Aevo+0.074%53s7-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 BloFin

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.074% dearer against Aevo than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo WTIOIL-PERP	89.913	0.0104	pay 0.0013% / 1h	9m 33s	$4K	—	10x
Short	BloFin CL-USDT	89.980	0.0225	get 0.0113% / 4h	9m 33s	$3.9M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.074%Rate

Funding earned: $25.47
Price spread: +0.074% → 0.000%: $7.41
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee BloFin: 6 bp × 2 orders: −$12
Net: $4.89
Costs to cover: 0.280%
Break-even: 5.7 days

Slippage unknown: Aevo: no order-book sample; BloFin: 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 Aevo no order-book sample	—	—	—	—	—
Sell BloFin live order book, 2 min ago	0.56 bp	6.6 bp −$7	8.0 bp −$80	14.6 bp −$1,461	49.7 bp −$24.8K

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 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
Kraken Futures PF_WTIOILUSD	−0.0232%	1h	89.926	+0.015%	$309K	$2.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0140%	4h	89.974	+0.068%	$67K	$662K	25x	as long as short
Aftermath Perps WTIUSD	−0.0106%	1h	90.022	+0.120%	$1K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0106%	1h	89.880	−0.037%	$3.4M	$6.9M	20x	as long as short
Bitget CLUSDT	−0.0096%	4h	89.987	+0.082%	$40.8M	$60.9M	100x	as long as short
tradeXYZ xyz:CL	−0.0085%	1h	89.947	+0.037%	$169.8M	$258.3M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0083%	1h	89.930	+0.019%	$38K	$626K	15x	as long as short
Extended WTI-USD	−0.0072%	1h	89.970	+0.063%	$1.2M	$14.3M	10x	as long as short
Aster CLUSD1	−0.0070%	4h	90.032	+0.132%	$24.4M	$75.0M	20x	as long as short
Nado WTI-PERP	−0.0057%	1h	89.994	+0.089%	$888K	$709K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0057%	8h	89.900	−0.015%	$24.1M	$58.5M	100x	as long as short
Binance CLUSDT	−0.0038%	4h	89.990	+0.086%	$246.3M	$1.26B	100x	as long as short
edgeX CLUSDC	−0.0032%	4h	90.005	+0.101%	$503K	$355K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0024%	1h	89.910	−0.004%	$442K	$1.9M	15x	as long as short
Variational Omni CL	−0.0018%	4h	89.940	+0.030%	$12.6M	$11.4M	—	as long as short
QFEX CL-USD	−0.0017%	1h	89.950	+0.041%	$2.3M	$3.2M	10x	as long as short
OKX CL-USDT-SWAP	−0.0011%	4h	89.980	+0.074%	$40.3M	$142.4M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	89.980	+0.074%	$33K	$38K	20x	as long as short
Lighter WTI	−0.0008%	1h	89.945	+0.035%	$10.5M	$11.4M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.552	−0.402%	$609	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.938	+0.027%	$9K	$4K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.012	+0.110%	$29.4M	$114.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.048	+0.149%	$2.8M	$3.1M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.927	+0.015%	$17K	$231K	10x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	89.938	+0.027%	$15K	$458	5x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	90.137	+0.249%	$16K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	89.980	+0.074%	$694K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.960	+0.052%	—	$320K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.969	+0.062%	$1.7M	$1.6M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.935	+0.024%	$2.0M	$92K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.960	+0.052%	$325K	$783K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.955	+0.046%	$6.8M	$3.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.010	+0.107%	$52K	$267K	50x	as long as short
Aevo WTIOIL-PERPlong	+0.0104%	1h	89.913	long leg	$4K	—	10x
GMX WTIOIL/USD [ETH-USDC]	L +0.0134% / S +0.0045%	1h	89.935	+0.024%	$71K	—	111x	as long as short
BloFin CL-USDTshort	+0.0225%	4h	89.980	+0.074%	$3.9M	$1.0M	50x