Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0276%/8h= −30.3% APRpaid last 24h −0.057%

Price spread now: Binance against ApeX Omni−0.002%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.309%−$31 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.002%, 7d avg +0.037%

Together, before fees−0.346%−$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.038% cheaper against ApeX Omni than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CLUSDT	93.030	0.0100	pay 0.0013% / 1h	53m 19s	$56K	$266K	50x
Short	Binance CLUSDT	93.029	−0.0176	pay 0.0088% / 4h	3h 53m	$244.8M	$942.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.002%Rate

Funding earned: −$58.03
Price spread: −0.002% → +0.037%: −$3.81
Slippage, 4 orders: −$31.81
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$113.65
Costs to cover: 0.518%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 64 min ago; Binance: live order book, 6 min ago.

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 ApeX Omni live order book, 64 min ago	8.59 bp	19.3 bp −$19	184.3 bp −$1,843	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.54 bp	5.5 bp −$6	6.2 bp −$62	9.1 bp −$914	22.3 bp −$11.2K

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	−0.0395%	1h	92.980	−0.054%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0267%	4h	93.035	+0.006%	$24.1M	$66.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0186%	4h	93.024	−0.007%	$54K	$658K	25x	as long as short
Binance CLUSDTshort	−0.0176%	4h	93.029	−0.002%	$244.8M	$942.5M	100x
Variational Omni CL	−0.0168%	4h	93.019	−0.012%	$13.5M	$10.8M	—	as long as short
Bitget CLUSDT	−0.0128%	4h	93.014	−0.017%	$41.9M	$43.3M	100x	as long as short
Nado WTI-PERP	−0.0110%	1h	93.069	+0.042%	$964K	$645K	10x	as long as short
Aftermath Perps WTIUSD	−0.0107%	1h	93.020	−0.011%	$2K	$27K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0094%	1h	92.930	−0.107%	$3.5M	$5.3M	20x	as long as short
edgeX CLUSDC	−0.0082%	4h	93.040	+0.011%	$527K	$303K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.018	−0.013%	$268K	$935K	25x	as long as short
Gate CL_USDT	−0.0045%	8h	92.980	−0.054%	$20.9M	$50.6M	100x	as long as short
OKX CL-USDT-SWAP	−0.0045%	4h	93.040	+0.011%	$42.6M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.930	−0.107%	$399K	$926K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.000	−0.032%	$2.3M	$1.8M	10x	as long as short
KuCoin CLUSDTM	−0.0020%	4h	93.045	+0.016%	$7.1M	$2.4M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.050	+0.021%	$37K	$41K	20x	as long as short
tradeXYZ xyz:CL	−0.0004%	1h	93.030	0.000%	$184.5M	$218.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.030	0.000%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.040	+0.011%	$26.5M	$80.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.088	+0.062%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.029	−0.001%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.588	−0.475%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0009%	8h	93.010	−0.021%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.013	−0.018%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.060	+0.032%	$2.0M	$19.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.030	0.000%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.040	+0.011%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.024	−0.006%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.011	−0.020%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.019	−0.012%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDTlong	+0.0100%	1h	93.030	long leg	$56K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	92.997	−0.035%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0192%	4h	93.050	+0.021%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0218% / S −0.0146%	1h	93.025	−0.005%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.820%	$19K	$11K	30x	as long as short