Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0273%/8h= +29.9% APRpaid last 24h +0.034%

Price spread now: RISEx against Binance+0.082%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$190.194% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.139%+$14 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.082%, 7d avg +0.029%

Together, before fees+0.112%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and RISEx is 0.053% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CLUSDT	92.981	−0.0207	get 0.0104% / 4h	1h 06m	$244.7M	$951.8M	100x
Short	RISEx CL/USDC	93.057	0.0066	get 0.0008% / 1h	6m 17s	$3.1M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.082%Rate

Funding earned: $57.36
Price spread: +0.082% → +0.029%: $5.3
Slippage, 4 orders: −$3.44
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $43.22
Costs to cover: 0.194%
Break-even: 1.7 days

Slippage from Binance: live order book, 8 min ago; RISEx: live order book, 3 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, 8 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	8.8 bp −$880	17.4 bp −$8,679
Sell RISEx live order book, 3 min ago	0.59 bp	4.8 bp −$5	5.5 bp −$55	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	−0.033%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0264%	4h	92.994	+0.014%	$24.0M	$68.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.885	−0.103%	$53K	$635K	25x	as long as short
Binance CLUSDTlong	−0.0207%	4h	92.981	long leg	$244.7M	$951.8M	100x
Variational Omni CL	−0.0197%	4h	92.897	−0.091%	$13.5M	$11.2M	—	as long as short
Ondo Perps WTI-USD.P	−0.0165%	1h	92.890	−0.098%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0148%	1h	93.029	+0.052%	$961K	$655K	10x	as long as short
OKX CL-USDT-SWAP	−0.0082%	4h	92.970	−0.012%	$42.8M	$102.2M	50x	as long as short
Extended WTI-USD	−0.0080%	1h	93.030	+0.053%	$2.1M	$22.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0073%	1h	92.977	−0.004%	$184.3M	$216.8M	20x	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	−0.0073%	1h	92.955	−0.028%	$2K	$27K	5x	as long as short
Gate CL_USDT	−0.0066%	8h	92.930	−0.055%	$20.9M	$53.2M	100x	as long as short
edgeX CLUSDC	−0.0065%	4h	92.900	−0.088%	$529K	$302K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.249%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.950	−0.033%	$2.5M	$1.7M	10x	as long as short
Bitget CLUSDT	−0.0020%	4h	92.972	−0.010%	$42.1M	$43.5M	100x	as long as short
Lighter WTI	0.0000%	1h	92.978	−0.003%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	−0.048%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.993	+0.013%	$26.6M	$80.8M	150x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.940	−0.044%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.980	−0.001%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.549	−0.465%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0006%	4h	92.984	+0.003%	$7.1M	$2.4M	50x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.956	−0.027%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.940	−0.044%	$733K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.990	+0.010%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.989	+0.008%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.976	−0.005%	$2.1M	$60K	20x	as long as short
RISEx CL/USDCshort	+0.0066%	1h	93.057	+0.082%	$3.1M	$2.9M	20x
Pacifica CL	+0.0100%	1h	92.964	−0.018%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	−0.023%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.944	−0.040%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	93.003	+0.023%	$274K	$872K	25x	as long as short
BloFin CL-USDT	+0.0162%	4h	92.930	−0.055%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.975	−0.007%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.10	+9.805%	$19K	$11K	30x	as long as short