Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0179%/8h= −19.6% APRpaid last 24h −0.031%

Price spread now: GRVT against ApeX Omni+0.018%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$610.613% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.406%−$41 on $10k

Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.018%, 7d avg +0.008%

Together, before fees−0.414%+ Points / potential airdropGRVT: Active · farm board−$41 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CLUSDT	91.870	0.0065	pay 0.0008% / 1h	27m 14s	$55K	$266K	50x
Short	GRVT CL_USDT_Perp	91.887	−0.0114	pay 0.0057% / 4h	1h 27m	$58K	$726K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$37.65
Price spread: +0.018% → +0.008%: $1.01
Slippage, 4 orders: −$42.28
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$97.92
Costs to cover: 0.613%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 55 min ago; GRVT: live order book, 56 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, 55 min ago	0.54 bp	11.5 bp −$11	182.9 bp −$1,829	doesn't fit	doesn't fit
Sell GRVT live order book, 56 min ago	1.09 bp	5.6 bp −$6	9.5 bp −$95	doesn't fit	doesn't fit

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
Lighter WTI	−0.0320%	1h	91.863	−0.008%	$11.0M	$11.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0294%	1h	91.910	+0.044%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	−0.0204%	1h	91.932	+0.068%	$2K	$30K	5x	as long as short
Nado WTI-PERP	−0.0182%	1h	91.962	+0.100%	$923K	$748K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0182%	1h	91.860	−0.011%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0157%	1h	91.918	+0.052%	$184.9M	$284.1M	20x	as long as short
Bullet WTIOIL-USD	−0.0143%	1h	91.882	+0.013%	$18K	$240K	10x	as long as short
GRVT CL_USDT_Perpshort	−0.0114%	4h	91.887	+0.018%	$58K	$726K	25x
Paradex CL-USD-PERP	−0.0105%	8h	91.877	+0.008%	$15K	$367	5x	as long as short
Aster CLUSD1	−0.0077%	4h	91.910	+0.044%	$23.9M	$78.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps WTIOIL-USD	−0.0019%	1h	91.889	+0.021%	$1.6M	$1.4M	20x	as long as short
Extended WTI-USD	−0.0016%	1h	91.950	+0.087%	$2.0M	$29.1M	10x	as long as short
StandX CL-USD	−0.0002%	1h	91.890	+0.022%	$722K	$3.1M	40x	as long as short
dYdX WTI-USD	0.0000%	1h	91.939	+0.075%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.887	+0.018%	$245.4M	$1.12B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.910	+0.044%	$25.3M	$97.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.890	+0.022%	$43.1M	$113.9M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.890	+0.022%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.830	−0.044%	$21.2M	$59.1M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.889	+0.021%	$42.0M	$53.9M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.884	+0.015%	$13.4M	$13.6M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.475	−0.430%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.970	+0.109%	$37K	$99K	20x	as long as short
edgeX CLUSDC	+0.0013%	4h	91.933	+0.069%	$529K	$340K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.000	+0.142%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.895	+0.027%	$2.0M	$39K	20x	as long as short
ApeX Omni CLUSDTlong	+0.0065%	1h	91.870	long leg	$55K	$266K	50x
Pacifica CL	+0.0100%	1h	91.897	+0.030%	$332K	$579K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.900	+0.033%	$7.3M	$2.1M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.873	+0.003%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.920	+0.054%	$397K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.930%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.885	+0.016%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.910	+0.044%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0451%	1h	91.912	+0.046%	$260K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.012	+0.155%	$3.2M	$2.8M	20x	as long as short