Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0588%/8h= −64.3% APRpaid last 24h +0.004%

Price spread now: Binance against Aftermath Perps+0.126%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Binance

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.126% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.126% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps WTIUSD	92.343	0.0328	pay 0.0041% / 1h	38m 59s	$2K	$28K	5x
Short	Binance CLUSDT	92.460	−0.0259	pay 0.0130% / 4h	3h 38m	$245.1M	$1.08B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aftermath Perps. 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 Aftermath PerpsbpFee BinancebpOrdersPrice spread, now +0.126%Rate

Funding earned: −$123.39
Price spread: +0.126% → 0.000%: $12.62
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$129.76
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Binance: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 5 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	8.2 bp −$815	20.2 bp −$10.1K

Aftermath Perps: 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_Perp	−0.0378%	4h	92.289	−0.059%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0323%	4h	92.450	+0.115%	$24.0M	$81.4M	20x	as long as short
Binance CLUSDTshort	−0.0259%	4h	92.460	+0.126%	$245.1M	$1.08B	100x
Variational Omni CL	−0.0247%	4h	92.351	+0.008%	$13.2M	$12.1M	—	as long as short
Gate CL_USDT	−0.0225%	8h	92.370	+0.029%	$21.3M	$54.7M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.438	+0.103%	$274K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0094%	1h	92.452	+0.118%	$927K	$731K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0075%	1h	92.410	+0.072%	$96K	$189K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0055%	1h	92.360	+0.018%	$3.5M	$6.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.339%	$399K	$960K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.380	+0.040%	$2.4M	$2.2M	10x	as long as short
tradeXYZ xyz:CL	−0.0030%	1h	92.415	+0.077%	$186.5M	$256.5M	20x	as long as short
Paradex CL-USD-PERP	−0.0022%	8h	92.377	+0.037%	$15K	$367	5x	as long as short
Lighter WTI	0.0000%	1h	92.406	+0.068%	$11.2M	$10.0M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.403	+0.064%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.450	+0.115%	$26.1M	$93.2M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.410	+0.072%	$42.8M	$111.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.523	+0.195%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.438	+0.102%	$42.1M	$51.1M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.380	+0.040%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.403	+0.064%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.955	−0.421%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0032%	4h	92.370	+0.029%	$531K	$299K	30x	as long as short
Extended WTI-USD	+0.0032%	1h	92.440	+0.105%	$2.3M	$27.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.350	+0.007%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.430	+0.094%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.413	+0.075%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.402	+0.063%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.400	+0.061%	$354K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.429	+0.093%	$7.2M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.380	+0.040%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.364	+0.022%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.405	+0.067%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.38	+9.788%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.360	+0.018%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSDlong	+0.0328%	1h	92.343	long leg	$2K	$28K	5x