Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.018%

Price spread now: Bybit against Aftermath Perps−0.076%7-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 Bybit

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. Bybit is 0.076% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 8.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps WTIUSD	91.020	−0.0031	get 0.0004% / 1h	21m 24s	$2K	$27K	5x
Short	Bybit CLUSDT	90.950	0	get 0.0000% / 8h	6h 21m	$27.0M	$95.5M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.076%Rate

Funding earned: $6.46
Price spread: −0.076% → 0.000%: −$7.65
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21.19
Costs to cover: 0.200%
Break-even: 29.9 days

Slippage unknown: Aftermath Perps: no order-book sample; Bybit: live order book, 6 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 Bybit live order book, 6 min ago	0.55 bp	6.5 bp −$6	8.3 bp −$83	17.6 bp −$1,756	94.4 bp −$47.2K

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 exchanges

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	−0.0410%	1h	90.880	−0.153%	$182K	$435K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0364%	1h	90.907	−0.124%	$305K	$1.3M	25x	as long as short
Aster CLUSD1	−0.0173%	4h	90.960	−0.066%	$24.6M	$65.2M	20x	as long as short
Binance CLUSDT	−0.0115%	4h	90.929	−0.100%	$246.4M	$1.09B	100x	as long as short
Bitget CLUSDT	−0.0108%	4h	90.926	−0.103%	$41.3M	$48.7M	100x	as long as short
edgeX CLUSDC	−0.0097%	4h	91.058	+0.043%	$509K	$378K	30x	as long as short
Extended WTI-USD	−0.0096%	1h	90.950	−0.076%	$1.4M	$14.0M	10x	as long as short
Variational Omni CL	−0.0086%	4h	91.096	+0.084%	$13.0M	$11.1M	—	as long as short
Nado WTI-PERP	−0.0084%	1h	90.969	−0.056%	$914K	$652K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0066%	1h	90.890	−0.142%	$3.4M	$5.7M	20x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0064%	8h	90.860	−0.175%	$23.1M	$53.4M	100x	as long as short
tradeXYZ xyz:CL	−0.0062%	1h	90.913	−0.117%	$177.0M	$208.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0042%	4h	91.038	+0.020%	$69K	$626K	25x	as long as short
Aftermath Perps WTIUSDlong	−0.0031%	1h	91.020	long leg	$2K	$27K	5x
QFEX CL-USD	−0.0023%	1h	90.930	−0.098%	$2.2M	$3.0M	10x	as long as short
OKX CL-USDT-SWAP	−0.0022%	4h	90.910	−0.120%	$40.5M	$117.4M	50x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	90.504	−0.567%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.969	−0.056%	$8K	$3K	5x	as long as short
Bybit CLUSDTshort	0.0000%	8h	90.950	−0.076%	$27.0M	$95.5M	150x
RISEx CL/USDC	0.0000%	1h	90.970	−0.055%	$2.9M	$3.0M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.929	−0.100%	$17K	$238K	10x	as long as short
Lighter WTI	+0.0008%	1h	90.903	−0.128%	$11.1M	$9.4M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0008%	1h	90.910	−0.120%	$409K	$1.1M	15x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	90.894	−0.138%	$15K	$367	5x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	100.27	+10.161%	$19K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.950	−0.076%	$708K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.930	−0.098%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.911	−0.119%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.914	−0.116%	$2.0M	$81K	20x	as long as short
Phoenix WTIOIL	+0.0053%	1h	90.920	−0.109%	$36K	$37K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.912	−0.119%	$303K	$649K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.949	−0.078%	$6.8M	$2.8M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.870	−0.164%	$53K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.896	−0.136%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0216%	4h	91.020	0.000%	$3.9M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0250% / S −0.0172%	1h	90.925	−0.104%	$81K	—	111x	as long as short