Settings8H · net · $10k
Funding arb · Price arb /

CL

RWAall CL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.04 per $10,000 · paid last 24h +0.061%
Price spread now: GMX against ApeX Omni−0.135%68s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. GMX is 0.135% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.135% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 15 days of funding at the current rate (+$1 a day). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CLUSDT92.3400.0100pay 0.0013% / 1h24m 21s$56K$266K50x
ShortGMX WTIOIL/USD [ETH-USDC]92.215L +0.0205% / S −0.0130%get 0.0016% / 1h24m 21s$77K111x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$6.37
Price spread: −0.135% → 0.000%
−$13.54
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$29.16
Costs to cover
0.220%
Break-even
39.0 days
Slippage unknown: ApeX Omni: live order book, 53 min ago; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 53 min ago8.70 bp20.7 bp −$21197.6 bp −$1,976doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_WTIOILUSD−0.0449%1h92.254−0.093%$274K$1.2M25xas long as short
GRVT CL_USDT_Perp−0.0316%4h92.230−0.119%$58K$702K25xas long as short
Aster CLUSD1−0.0266%4h92.254−0.093%$24.0M$77.4M20xas long as short
Binance CLUSDT−0.0182%4h92.220−0.130%$244.7M$1.09B100xas long as short
Variational Omni CL−0.0162%4h92.224−0.125%$13.4M$12.5Mas long as short
Nado WTI-PERP−0.0145%1h92.313−0.030%$926K$737K10xas long as short
Lighter WTI−0.0080%1h92.250−0.097%$11.2M$10.9M20xas long as short
Paradex CL-USD-PERP−0.0070%8h92.219−0.131%$15K$3675xas long as short
Ondo Perps WTI-USD.P−0.0059%1h92.230−0.119%$3.5M$6.3M20xas long as short
tradeXYZ xyz:CL−0.0054%1h92.228−0.121%$186.5M$274.9M20xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX CL-USD−0.0054%1h92.240−0.108%$2.4M$2.3M10xas long as short
Gate CL_USDT−0.0031%8h92.150−0.206%$21.3M$58.0M100xas long as short
Pacifica CL−0.0020%1h92.256−0.091%$333K$576K10xas long as short
dYdX WTI-USD0.0000%1h92.274−0.071%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h92.232−0.117%$25.9M$94.3M150xas long as short
OKX CL-USDT-SWAP0.0000%4h92.210−0.141%$43.0M$113.0M50xas long as short
RISEx CL/USDC0.0000%1h92.356+0.018%$3.3M$2.7M20xas long as short
Bitget CLUSDT0.0000%4h92.216−0.134%$42.0M$51.7M100xas long as short
Phoenix WTIOIL0.0000%1h92.300−0.043%$37K$101K20xas long as short
Bullet WTIOIL-USD0.0000%1h92.227−0.123%$18K$241K10xas long as short
Deribit WTIOIL_USDC-PERPETUAL0.0000%1h92.240−0.108%$96K$189K15xas long as short
Coinbase International WTIOIL-PERP-INTX0.0000%1h92.030−0.336%$399K$963K15xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h91.779−0.608%$5K150xas long as short
Extended WTI-USD+0.0032%1h92.260−0.087%$2.0M$26.7M10xas long as short
StandX CL-USD+0.0040%1h92.240−0.108%$721K$3.1M40xas long as short
Vest CL-PERP+0.0046%1h92.280−0.065%$308K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h92.231−0.118%$1.6M$1.4M20xas long as short
SoDEX CL-USD+0.0050%1h92.210−0.141%$2.0M$39K20xas long as short
edgeX CLUSDC+0.0079%4h92.275−0.070%$531K$334K30xas long as short
KuCoin CLUSDTM+0.0100%4h92.280−0.065%$7.1M$2.1M50xas long as short
ApeX Omni CLUSDTlong+0.0100%1h92.340long leg$56K$266K50x
Aevo WTIOIL-PERP+0.0104%1h92.207−0.145%$4K10xas long as short
GMX WTIOIL/USD [ETH-USDC]shortL +0.0205% / S −0.0130%1h92.215−0.135%$77K111x
Injective WTI/USDC PERP+0.0220%1h101.18+9.574%$19K$11K30xas long as short
BloFin CL-USDT+0.0240%4h92.250−0.097%$4.0M$1.4M50xas long as short
Aftermath Perps WTIUSD+0.0272%1h92.248−0.100%$2K$29K5xas long as short