Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: Bybit against Aevo+0.033%59s7-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 Bybit

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. Bybit is 0.033% dearer against Aevo than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours. The two prices were read 59 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	93.429	0.0104	pay 0.0013% / 1h	18m 29s	$4K	—	10x
Short	Bybit CLUSDT	93.460	0	get 0.0000% / 8h	2h 18m	$27.2M	$79.6M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$21.84
Price spread: +0.033% → 0.000%: $3.27
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$45.57
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago	0.54 bp	6.0 bp −$6	7.5 bp −$75	15.8 bp −$1,580	95.9 bp −$47.9K

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 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	−0.0392%	1h	93.420	−0.010%	$197K	$376K	15x	as long as short
GRVT CL_USDT_Perp	−0.0300%	4h	93.402	−0.029%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0292%	4h	93.476	+0.050%	$24.4M	$64.9M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.463	+0.036%	$285K	$958K	25x	as long as short
Binance CLUSDT	−0.0184%	4h	93.460	+0.033%	$246.1M	$932.7M	100x	as long as short
Variational Omni CL	−0.0174%	4h	93.399	−0.033%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0157%	1h	93.452	+0.024%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0128%	4h	93.431	+0.002%	$42.1M	$42.8M	100x	as long as short
Nado WTI-PERP	−0.0125%	1h	93.483	+0.057%	$967K	$615K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0096%	1h	93.410	−0.021%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0077%	8h	93.390	−0.042%	$21.9M	$50.0M	100x	as long as short
tradeXYZ xyz:CL	−0.0070%	1h	93.432	+0.003%	$184.8M	$213.5M	20x	as long as short
OKX CL-USDT-SWAP	−0.0051%	4h	93.440	+0.011%	$42.7M	$102.9M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	+0.076%	$404K	$931K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.440	+0.011%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0010%	4h	93.378	−0.055%	$525K	$306K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.495	+0.070%	$8K	$3K	5x	as long as short
Bybit CLUSDTshort	0.0000%	8h	93.460	+0.033%	$27.2M	$79.6M	150x
RISEx CL/USDC	0.0000%	1h	93.495	+0.071%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.470	+0.043%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.450	+0.022%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.989	−0.471%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	93.441	+0.013%	$16K	$367	5x	as long as short
Lighter WTI	+0.0016%	1h	93.458	+0.031%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.470	+0.043%	$2.0M	$17.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.470	+0.043%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.450	+0.022%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.460	+0.032%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.440	+0.011%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.442	+0.013%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0076%	4h	93.466	+0.039%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.480	+0.054%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERPlong	+0.0104%	1h	93.429	long leg	$4K	—	10x
BloFin CL-USDT	+0.0187%	4h	93.440	+0.011%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.819%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0238% / S −0.0171%	1h	93.455	+0.027%	$84K	—	111x	as long as short