Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0238%/8h= +26.1% APRpaid last 24h +0.063%

Price spread now: ApeX Omni against Binance−0.021%49s7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$520.521% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.316%+$32 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.021%, 7d avg −0.039%

Together, before fees+0.353%+$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 49 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	93.030	−0.0138	get 0.0069% / 4h	3h 44m	$246.5M	$930.2M	100x
Short	ApeX Omni CLUSDT	93.010	0.0100	get 0.0013% / 1h	44m 48s	$54K	$267K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.021%Rate

Funding earned: $49.98
Price spread: −0.021% → −0.039%: $1.7
Slippage, 4 orders: −$32.09
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$0.41
Costs to cover: 0.521%
Break-even: 7.1 days

Slippage from Binance: live order book, 14 min ago; ApeX Omni: live order book, 52 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 Binance live order book, 14 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	7.9 bp −$785	20.0 bp −$9,977
Sell ApeX Omni live order book, 52 min ago	8.59 bp	20.7 bp −$21	195.6 bp −$1,956	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0610%	1h	92.950	−0.086%	$188K	$408K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	93.005	−0.027%	$270K	$930K	25x	as long as short
GRVT CL_USDT_Perp	−0.0238%	4h	92.945	−0.092%	$74K	$614K	25x	as long as short
Aster CLUSD1	−0.0237%	4h	93.040	+0.011%	$24.7M	$61.5M	20x	as long as short
Binance CLUSDTlong	−0.0138%	4h	93.030	long leg	$246.5M	$930.2M	100x
Variational Omni CL	−0.0120%	4h	92.980	−0.054%	$13.6M	$10.7M	—	as long as short
Gate CL_USDT	−0.0117%	8h	92.850	−0.193%	$23.4M	$49.0M	100x	as long as short
Nado WTI-PERP	−0.0110%	1h	93.038	+0.009%	$952K	$609K	10x	as long as short
Bitget CLUSDT	−0.0088%	4h	92.996	−0.037%	$42.1M	$41.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0074%	1h	92.992	−0.041%	$2K	$27K	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	−0.0057%	4h	93.020	−0.011%	$42.6M	$103.3M	50x	as long as short
edgeX CLUSDC	−0.0046%	4h	92.938	−0.099%	$542K	$343K	30x	as long as short
tradeXYZ xyz:CL	−0.0038%	1h	93.036	+0.006%	$184.3M	$196.3M	20x	as long as short
QFEX CL-USD	−0.0026%	1h	92.960	−0.075%	$2.3M	$2.5M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0007%	1h	92.960	−0.075%	$3.6M	$5.2M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.940	−0.096%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.040	+0.011%	$27.5M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.017	−0.014%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.978	−0.056%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.558	−0.507%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0008%	8h	92.961	−0.074%	$16K	$367	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	93.020	−0.011%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.140%	$404K	$808K	15x	as long as short
Lighter WTI	+0.0024%	1h	93.002	−0.030%	$11.3M	$8.7M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.940	−0.097%	$1.7M	$14.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.000	−0.032%	$733K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.990	−0.043%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.992	−0.041%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.975	−0.059%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.046	+0.017%	$347K	$586K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.917	−0.121%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	93.010	−0.021%	$54K	$267K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	92.950	−0.086%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.975	−0.059%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0182%	4h	92.980	−0.054%	$4.1M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.786%	$19K	$5K	30x	as long as short