Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0143%/8h= −15.7% APRpaid last 24h −0.036%

Price spread now: OKX against ApeX Omni+0.022%7-day average +0.004% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on ApeX Omni Short on OKX

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)−0.022%−$2 · spread now +0.022%, 7d avg +0.004%

Together, before fees−0.331%−$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, 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	ApeX Omni CLUSDT	92.770	0.0100	pay 0.0013% / 1h	27m 07s	$54K	$266K	50x
Short	OKX CL-USDT-SWAP	92.790	−0.0043	pay 0.0022% / 4h	3h 27m	$42.5M	$102.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$30.06
Price spread: +0.022% → +0.004%: $1.77
Slippage, 4 orders: −$31.86
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$80.15
Costs to cover: 0.519%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 5 min ago; OKX: live order book, 2 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, 5 min ago	8.63 bp	19.3 bp −$19	171.0 bp −$1,710	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.54 bp	5.5 bp −$6	6.2 bp −$62	13.8 bp −$1,378	94.7 bp −$47.4K

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	−0.0611%	1h	92.800	+0.032%	$187K	$411K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0314%	1h	92.835	+0.070%	$269K	$949K	25x	as long as short
Aster CLUSD1	−0.0223%	4h	92.849	+0.085%	$24.9M	$60.1M	20x	as long as short
Binance CLUSDT	−0.0123%	4h	92.811	+0.044%	$245.5M	$930.6M	100x	as long as short
Gate CL_USDT	−0.0111%	8h	92.740	−0.032%	$23.5M	$50.0M	100x	as long as short
Variational Omni CL	−0.0109%	4h	92.750	−0.022%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0103%	1h	92.927	+0.170%	$951K	$598K	10x	as long as short
GRVT CL_USDT_Perp	−0.0094%	4h	92.724	−0.050%	$74K	$601K	25x	as long as short
edgeX CLUSDC	−0.0091%	4h	92.745	−0.027%	$541K	$343K	30x	as long as short
Bitget CLUSDT	−0.0074%	4h	92.805	+0.038%	$42.0M	$41.7M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0070%	1h	92.890	+0.130%	$1K	$27K	5x	as long as short
OKX CL-USDT-SWAPshort	−0.0043%	4h	92.790	+0.022%	$42.5M	$102.6M	50x
QFEX CL-USD	−0.0026%	1h	92.890	+0.129%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0014%	1h	92.815	+0.049%	$184.2M	$192.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.971	+0.217%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.838	+0.073%	$27.5M	$82.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.130	+0.389%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.842	+0.078%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.548	−0.239%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.750	−0.022%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.820	+0.054%	$412K	$817K	15x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	92.825	+0.060%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.816	+0.050%	$11.3M	$8.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.860	+0.097%	$1.7M	$14.2M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0036%	1h	92.840	+0.075%	$3.6M	$5.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	93.000	+0.248%	$732K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.890	+0.129%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.895	+0.135%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.815	+0.049%	$2.1M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.881	+0.120%	$346K	$584K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.841	+0.077%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDTlong	+0.0100%	1h	92.770	long leg	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	92.803	+0.036%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S −0.0007%	1h	92.835	+0.070%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0193%	4h	92.850	+0.086%	$4.1M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.094%	$19K	$5K	30x	as long as short