Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h +0.064%

Price spread now: Aevo against Binance+0.052%48s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Aevo is 0.052% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CLUSDT	91.060	−0.0128	get 0.0064% / 4h	3h 10m	$243.6M	$964.4M	100x
Short	Aevo WTIOIL-PERP	91.107	0.0104	get 0.0013% / 1h	10m 38s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now +0.052%Rate

Funding earned: $48.78
Price spread: +0.052% → 0.000%: $5.17
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: $27.95
Costs to cover: 0.260%
Break-even: 3.0 days

Slippage unknown: Binance: live order book, 3 min ago; Aevo: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 3 min ago	0.55 bp	5.5 bp −$6	5.5 bp −$55	7.8 bp −$783	18.7 bp −$9,338
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
Deribit WTIOIL_USDC-PERPETUAL	−0.0408%	1h	91.110	+0.055%	$182K	$415K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0319%	1h	91.184	+0.136%	$255K	$942K	25x	as long as short
Aster CLUSD1	−0.0214%	4h	91.060	0.000%	$24.6M	$59.4M	20x	as long as short
Binance CLUSDTlong	−0.0128%	4h	91.060	long leg	$243.6M	$964.4M	100x
GRVT CL_USDT_Perp	−0.0114%	4h	91.881	+0.902%	$73K	$611K	25x	as long as short
Variational Omni CL	−0.0100%	4h	91.120	+0.066%	$13.2M	$10.9M	—	as long as short
Nado WTI-PERP	−0.0097%	1h	91.121	+0.067%	$941K	$600K	10x	as long as short
Bitget CLUSDT	−0.0094%	4h	91.070	+0.011%	$41.3M	$43.1M	100x	as long as short
Gate CL_USDT	−0.0080%	8h	91.030	−0.033%	$23.5M	$51.4M	100x	as long as short
Aftermath Perps WTIUSD	−0.0053%	1h	91.856	+0.874%	$1K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0049%	4h	91.000	−0.066%	$42.1M	$105.7M	50x	as long as short
edgeX CLUSDC	−0.0046%	4h	91.941	+0.967%	$536K	$343K	30x	as long as short
QFEX CL-USD	−0.0026%	1h	91.070	+0.011%	$2.2M	$2.6M	10x	as long as short
tradeXYZ xyz:CL	−0.0014%	1h	91.099	+0.043%	$181.0M	$195.1M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.117	+0.062%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	91.011	−0.054%	$25.9M	$86.3M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	91.101	+0.045%	$3.0M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	91.166	+0.116%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	90.758	−0.332%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.700	+0.703%	$36K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	91.170	+0.121%	$399K	$988K	15x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	91.062	+0.002%	$15K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	91.167	+0.118%	$11.1M	$9.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	91.100	+0.044%	$1.7M	$13.7M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0038%	1h	91.060	0.000%	$3.6M	$5.1M	20x	as long as short
StandX CL-USD	+0.0040%	1h	91.270	+0.231%	$713K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.040	−0.022%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.180	+0.132%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.126	+0.072%	$2.0M	$67K	20x	as long as short
Pacifica CL	+0.0100%	1h	91.107	+0.052%	$337K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.131	+0.078%	$6.9M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.440	+0.417%	$53K	$266K	50x	as long as short
Aevo WTIOIL-PERPshort	+0.0104%	1h	91.107	+0.052%	$4K	—	10x
GMX WTIOIL/USD [ETH-USDC]	L +0.0165% / S −0.0002%	1h	91.145	+0.093%	$78K	—	111x	as long as short
BloFin CL-USDT	+0.0188%	4h	91.200	+0.154%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+12.161%	$19K	$5K	30x	as long as short