Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0143%/8h= −15.6% APRpaid last 24h +0.022%

Price spread now: OKX against Aftermath Perps+0.018%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 OKX

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps WTIUSD	92.633	0.0143	pay 0.0018% / 1h	7m 11s	$2K	$28K	5x
Short	OKX CL-USDT-SWAP	92.650	0	get 0.0000% / 4h	3h 07m	$43.0M	$108.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$30
Price spread: +0.018% → 0.000%: $1.78
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$47.21
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	0.54 bp	5.5 bp −$6	6.5 bp −$65	13.7 bp −$1,374	106.2 bp −$53.1K

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	−0.0352%	4h	92.655	+0.023%	$58K	$630K	25x	as long as short
Aster CLUSD1	−0.0337%	4h	92.643	+0.010%	$24.0M	$75.1M	20x	as long as short
Binance CLUSDT	−0.0283%	4h	92.650	+0.018%	$244.5M	$1.03B	100x	as long as short
Variational Omni CL	−0.0272%	4h	92.610	−0.026%	$13.3M	$11.4M	—	as long as short
Gate CL_USDT	−0.0199%	8h	92.560	−0.079%	$21.3M	$55.6M	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0182%	1h	92.610	−0.025%	$123K	$275K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.643	+0.010%	$274K	$912K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0053%	1h	92.590	−0.047%	$3.5M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0050%	1h	92.665	+0.034%	$934K	$707K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.651%	$399K	$956K	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	92.600	−0.036%	$2.4M	$1.7M	10x	as long as short
tradeXYZ xyz:CL	−0.0031%	1h	92.650	+0.018%	$185.9M	$233.5M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.666	+0.035%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.670	+0.039%	$26.5M	$88.7M	150x	as long as short
OKX CL-USDT-SWAPshort	0.0000%	4h	92.650	+0.018%	$43.0M	$108.4M	50x
RISEx CL/USDC	0.0000%	1h	92.736	+0.110%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.636	+0.003%	$42.1M	$48.1M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.650	+0.018%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.617	−0.018%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.176	−0.494%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.640	+0.007%	$2.3M	$25.7M	10x	as long as short
Paradex CL-USD-PERP	+0.0008%	8h	92.592	−0.044%	$15K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	92.636	+0.003%	$11.2M	$10.3M	20x	as long as short
edgeX CLUSDC	+0.0030%	4h	92.671	+0.040%	$533K	$299K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.320	−0.338%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.640	+0.007%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.619	−0.016%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.630	−0.004%	$2.0M	$38K	20x	as long as short
KuCoin CLUSDTM	+0.0078%	4h	92.640	+0.007%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.613	−0.022%	$354K	$605K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.670	+0.039%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.582	−0.056%	$4K	—	10x	as long as short
Aftermath Perps WTIUSDlong	+0.0143%	1h	92.633	long leg	$2K	$28K	5x
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.615	−0.020%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+9.777%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.610	−0.025%	$4.0M	$1.2M	50x	as long as short