Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0239%/8h= −26.1% APRpaid last 24h −0.055%

Price spread now: Variational Omni against Aevo−0.063%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Variational Omni is 0.063% cheaper against Aevo than usual: you would sell low and buy high (−$6 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	93.667	0.0104	pay 0.0013% / 1h	36m 18s	$4K	—	10x
Short	Variational Omni CL	93.609	−0.0135	pay 0.0067% / 4h	1h 36m	$13.5M	$10.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.063%Rate

Funding earned: −$50.14
Price spread: −0.063% → 0.000%: −$6.27
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$72.41
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago	2.26 bp	doesn't fit	2.3 bp −$23	5.0 bp −$505	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0390%	1h	93.680	+0.014%	$197K	$382K	15x	as long as short
Aster CLUSD1	−0.0268%	4h	93.730	+0.067%	$24.5M	$65.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	93.610	−0.061%	$58K	$629K	25x	as long as short
Aftermath Perps WTIUSD	−0.0147%	1h	93.719	+0.055%	$2K	$26K	5x	as long as short
Binance CLUSDT	−0.0147%	4h	93.703	+0.038%	$246.6M	$920.3M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.699	+0.033%	$287K	$957K	25x	as long as short
Variational Omni CLshort	−0.0135%	4h	93.609	−0.063%	$13.5M	$10.6M	—
Ondo Perps WTI-USD.P	−0.0110%	1h	93.650	−0.018%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDT	−0.0102%	8h	93.620	−0.051%	$22.3M	$48.9M	100x	as long as short
Bitget CLUSDT	−0.0100%	4h	93.696	+0.031%	$42.2M	$42.1M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0065%	1h	93.695	+0.030%	$185.1M	$206.6M	20x	as long as short
Nado WTI-PERP	−0.0057%	1h	93.742	+0.080%	$966K	$625K	10x	as long as short
QFEX CL-USD	−0.0023%	1h	93.670	+0.003%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0018%	4h	93.716	+0.052%	$527K	$305K	30x	as long as short
OKX CL-USDT-SWAP	−0.0015%	4h	93.690	+0.024%	$42.6M	$101.5M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.179%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.733	+0.070%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.716	+0.052%	$27.0M	$79.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.749	+0.087%	$3.1M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.680	+0.014%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.697	+0.032%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.244	−0.452%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0027%	8h	93.680	+0.013%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.696	+0.031%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.740	+0.078%	$2.0M	$15.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.700	+0.035%	$743K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.720	+0.056%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.685	+0.019%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.696	+0.031%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.698	+0.032%	$333K	$575K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.746	+0.084%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.640	−0.029%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERPlong	+0.0104%	1h	93.667	long leg	$4K	—	10x
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.935%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0225%	4h	93.750	+0.088%	$4.0M	$978K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0247% / S −0.0181%	1h	93.695	+0.030%	$84K	—	111x	as long as short