Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0255%/8h= +27.9% APRpaid last 24h +0.085%

Price spread now: BloFin against Aftermath Perps−0.049%49s7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on BloFin

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—needs both histories

Funding pays, the price is against you. BloFin is 0.049% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 15 hours of funding at the current rate (+$8 a day). The two prices were read 49 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	Aftermath Perps WTIUSD	92.985	−0.0079	get 0.0010% / 1h	49m 54s	$1K	$26K	5x
Short	BloFin CL-USDT	92.940	0.0175	get 0.0088% / 4h	3h 49m	$4.0M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.049%Rate

Funding earned: $53.47
Price spread: −0.049% → 0.000%: −$4.87
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: $27.6
Costs to cover: 0.210%
Break-even: 3.4 days

Slippage unknown: Aftermath Perps: no order-book sample; BloFin: live order book, 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	2.69 bp	8.7 bp −$9	10.4 bp −$104	14.5 bp −$1,449	32.1 bp −$16.0K

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
Deribit WTIOIL_USDC-PERPETUAL	−0.0610%	1h	92.920	−0.070%	$188K	$407K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.964	−0.023%	$271K	$930K	25x	as long as short
GRVT CL_USDT_Perp	−0.0290%	4h	92.887	−0.106%	$74K	$614K	25x	as long as short
Aster CLUSD1	−0.0245%	4h	92.960	−0.027%	$24.7M	$61.6M	20x	as long as short
Gate CL_USDT	−0.0220%	8h	92.860	−0.135%	$23.3M	$48.8M	100x	as long as short
Binance CLUSDT	−0.0139%	4h	92.936	−0.053%	$246.6M	$929.8M	100x	as long as short
Variational Omni CL	−0.0127%	4h	92.920	−0.071%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0116%	1h	92.978	−0.008%	$951K	$612K	10x	as long as short
Bitget CLUSDT	−0.0094%	4h	92.922	−0.068%	$42.0M	$41.7M	100x	as long as short
Aftermath Perps WTIUSDlong	−0.0079%	1h	92.985	long leg	$1K	$26K	5x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0070%	1h	92.940	−0.049%	$184.1M	$195.8M	20x	as long as short
OKX CL-USDT-SWAP	−0.0064%	4h	92.940	−0.049%	$42.6M	$103.2M	50x	as long as short
Ondo Perps WTI-USD.P	−0.0048%	1h	92.920	−0.070%	$3.6M	$5.3M	20x	as long as short
edgeX CLUSDC	−0.0044%	4h	92.888	−0.105%	$542K	$342K	30x	as long as short
QFEX CL-USD	−0.0026%	1h	92.920	−0.070%	$2.3M	$2.5M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.953	−0.035%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.950	−0.038%	$27.1M	$80.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.959	−0.028%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.957	−0.030%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.520	−0.500%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0006%	8h	92.901	−0.090%	$16K	$367	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.910	−0.081%	$37K	$39K	20x	as long as short
Lighter WTI	+0.0016%	1h	92.937	−0.052%	$11.2M	$8.6M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.188%	$404K	$808K	15x	as long as short
Extended WTI-USD	+0.0032%	1h	92.970	−0.016%	$1.7M	$14.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.940	−0.049%	$732K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.950	−0.038%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.944	−0.044%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.939	−0.050%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.935	−0.054%	$346K	$587K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.953	−0.035%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.940	−0.049%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.919	−0.072%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.955	−0.033%	$85K	—	111x	as long as short
BloFin CL-USDTshort	+0.0175%	4h	92.940	−0.049%	$4.0M	$1.0M	50x
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.839%	$19K	$5K	30x	as long as short