Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0432%/8h= −47.3% APRpaid last 24h −0.032%

Price spread now: GRVT against Aevo−0.035%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and GRVT is 0.035% cheaper against Aevo than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo WTIOIL-PERP	92.225	0.0104	pay 0.0013% / 1h	59m 03s	$4K	—	10x
Short	GRVT CL_USDT_Perp	92.193	−0.0328	pay 0.0164% / 4h	3h 59m	$58K	$702K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$90.72
Price spread: −0.035% → 0.000%: −$3.48
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$119.2
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; GRVT: live order book, 14 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 GRVT live order book, 14 min ago	0.54 bp	5.0 bp −$5	6.1 bp −$61	doesn't fit	doesn't fit

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
GRVT CL_USDT_Perpshort	−0.0328%	4h	92.193	−0.035%	$58K	$702K	25x
Aster CLUSD1	−0.0299%	4h	92.230	+0.005%	$23.9M	$77.5M	20x	as long as short
Binance CLUSDT	−0.0223%	4h	92.220	−0.006%	$244.4M	$1.08B	100x	as long as short
Variational Omni CL	−0.0206%	4h	92.193	−0.036%	$13.2M	$12.7M	—	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0183%	1h	92.260	+0.038%	$96K	$189K	15x	as long as short
Nado WTI-PERP	−0.0131%	1h	92.294	+0.074%	$925K	$733K	10x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.278	+0.057%	$273K	$1.2M	25x	as long as short
QFEX CL-USD	−0.0054%	1h	92.240	+0.016%	$2.4M	$2.3M	10x	as long as short
Lighter WTI	−0.0048%	1h	92.256	+0.033%	$11.2M	$9.9M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.212%	$399K	$962K	15x	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	−0.0033%	8h	92.170	−0.060%	$21.3M	$53.9M	100x	as long as short
Paradex CL-USD-PERP	−0.0031%	8h	92.224	−0.001%	$15K	$367	5x	as long as short
Ondo Perps WTI-USD.P	−0.0027%	1h	92.180	−0.049%	$3.5M	$6.4M	20x	as long as short
Pacifica CL	−0.0020%	1h	92.246	+0.023%	$353K	$596K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.269	+0.047%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.210	−0.017%	$26.0M	$94.1M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.210	−0.017%	$43.0M	$111.5M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.356	+0.142%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.218	−0.008%	$42.0M	$51.5M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.300	+0.081%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.246	+0.023%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.816	−0.444%	$5K	—	150x	as long as short
tradeXYZ xyz:CL	+0.0019%	1h	92.241	+0.017%	$186.1M	$267.3M	20x	as long as short
edgeX CLUSDC	+0.0021%	4h	92.241	+0.017%	$530K	$326K	30x	as long as short
Extended WTI-USD	+0.0032%	1h	92.260	+0.038%	$2.0M	$26.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.210	−0.017%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.280	+0.059%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.259	+0.036%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.246	+0.022%	$2.0M	$39K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.251	+0.028%	$7.3M	$2.2M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.220	−0.006%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERPlong	+0.0104%	1h	92.225	long leg	$4K	—	10x
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.255	+0.032%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.34	+9.879%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.220	−0.006%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0514%	1h	92.256	+0.033%	$2K	$29K	5x	as long as short