Settings8H · net · $10k
Funding arb · Price arb /

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.09 per $10,000 · paid last 24h +0.010%
Price spread now: GMX against Aevo+0.023%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GMX is 0.023% dearer against Aevo than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAevo WTIOIL-PERP93.6330.0104pay 0.0013% / 1h32m 26s$4K10x
ShortGMX WTIOIL/USD [ETH-USDC]93.655L +0.0245% / S −0.0179%get 0.0022% / 1h32m 26s$84K111x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$15.76
Price spread: +0.023% → 0.000%
$2.33
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee GMX: 6 bp × 2 orders
−$12
Net
−$9.92
Costs to cover
0.280%
Break-even
11.4 days
Slippage unknown: Aevo: no order-book sample; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aevo no order-book sample
Sell GMX no order-book sample
Aevo and GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0497%1h93.700+0.071%$197K$383K15xas long as short
Aster CLUSD1−0.0270%4h93.686+0.057%$24.6M$65.2M20xas long as short
GRVT CL_USDT_Perp−0.0252%4h93.731+0.104%$58K$629K25xas long as short
Binance CLUSDT−0.0147%4h93.663+0.032%$247.2M$918.8M100xas long as short
Aftermath Perps WTIUSD−0.0141%1h93.706+0.078%$2K$26K5xas long as short
Kraken Futures PF_WTIOILUSD−0.0137%1h93.713+0.085%$283K$960K25xas long as short
Variational Omni CL−0.0136%4h93.679+0.048%$13.5M$10.6Mas long as short
Ondo Perps WTI-USD.P−0.0112%1h93.670+0.039%$3.5M$5.3M20xas long as short
Gate CL_USDT−0.0104%8h93.600−0.035%$22.4M$49.1M100xas long as short
Bitget CLUSDT−0.0100%4h93.639+0.006%$42.2M$42.1M100xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX CLUSDC−0.0098%4h93.745+0.119%$527K$306K30xas long as short
tradeXYZ xyz:CL−0.0069%1h93.648+0.016%$185.0M$206.7M20xas long as short
Nado WTI-PERP−0.0055%1h93.714+0.087%$966K$622K10xas long as short
QFEX CL-USD−0.0023%1h93.670+0.039%$2.3M$2.5M10xas long as short
OKX CL-USDT-SWAP−0.0016%4h93.670+0.039%$42.7M$101.5M50xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0008%1h93.500−0.142%$404K$916K15xas long as short
dYdX WTI-USD0.0000%1h93.733+0.106%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h93.680+0.050%$27.0M$79.1M150xas long as short
RISEx CL/USDC0.0000%1h93.704+0.076%$3.1M$2.8M20xas long as short
Phoenix WTIOIL0.0000%1h93.760+0.135%$37K$39K20xas long as short
Bullet WTIOIL-USD0.0000%1h93.655+0.024%$19K$240K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h93.206−0.456%$5K150xas long as short
Lighter WTI+0.0016%1h93.683+0.053%$11.3M$9.6M20xas long as short
Paradex CL-USD-PERP+0.0027%8h93.671+0.041%$16K$3675xas long as short
Extended WTI-USD+0.0032%1h93.720+0.093%$2.0M$15.8M10xas long as short
StandX CL-USD+0.0040%1h93.690+0.061%$742K$2.8M40xas long as short
Vest CL-PERP+0.0046%1h93.670+0.039%$313K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h93.641+0.008%$1.7M$1.3M20xas long as short
SoDEX CL-USD+0.0050%1h93.689+0.060%$2.1M$61K20xas long as short
Pacifica CL+0.0100%1h93.695+0.066%$333K$575K10xas long as short
KuCoin CLUSDTM+0.0100%4h93.697+0.068%$7.1M$2.4M50xas long as short
ApeX Omni CLUSDT+0.0100%1h93.790+0.167%$54K$266K50xas long as short
Aevo WTIOIL-PERPlong+0.0104%1h93.633long leg$4K10x
Injective WTI/USDC PERP+0.0220%1h102.97+9.975%$19K$11K30xas long as short
BloFin CL-USDT+0.0224%4h93.730+0.103%$4.0M$978K50xas long as short
GMX WTIOIL/USD [ETH-USDC]shortL +0.0245% / S −0.0179%1h93.655+0.023%$84K111x