Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0268%/8h= +29.4% APRpaid last 24h +0.032%

Price spread now: Vest against Binance+0.018%7-day average −0.604% · you sell dearer than you buy

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

Long on Binance Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.028%+$3 on $10k

Price spread, last 2 days (all we have)−2.480%−$248 · spread now +0.018%, 7d avg −0.604%

Together, before fees−2.452%+ Points / potential airdropVest: Active · farm board−$245 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 Vest is 0.622% dearer against Binance than usual: you sell high and buy low: +$62 more if the spread goes back to its 7-day average of −0.604%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.028% in total (about 3.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CLUSDT	92.843	−0.0222	get 0.0111% / 4h	2h 03m	$244.4M	$966.3M	100x
Short	Vest CL-PERP	92.860	0.0046	get 0.0006% / 1h	3m 54s	—	$310K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.018%Rate

Funding earned: $56.3
Price spread: +0.018% → −0.604%: $62.19
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: $106.49
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Binance: live order book, 10 min ago; Vest: 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, 10 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	7.7 bp −$765	18.3 bp −$9,133
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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 35 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	−0.0504%	1h	92.800	−0.046%	$198K	$365K	15x	as long as short
Aster CLUSD1	−0.0256%	4h	92.860	+0.018%	$24.0M	$71.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0228%	4h	92.868	+0.027%	$53K	$631K	25x	as long as short
Binance CLUSDTlong	−0.0222%	4h	92.843	long leg	$244.4M	$966.3M	100x
Variational Omni CL	−0.0219%	4h	92.809	−0.037%	$13.4M	$11.1M	—	as long as short
Gate CL_USDT	−0.0099%	8h	92.790	−0.057%	$20.9M	$54.2M	100x	as long as short
Nado WTI-PERP	−0.0074%	1h	92.884	+0.044%	$963K	$671K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.100%	$402K	$946K	15x	as long as short
tradeXYZ xyz:CL	−0.0043%	1h	92.834	−0.010%	$184.5M	$219.3M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.866	+0.025%	$273K	$883K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0033%	1h	92.840	−0.003%	$2.5M	$1.7M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0018%	1h	92.820	−0.025%	$3.5M	$5.6M	20x	as long as short
OKX CL-USDT-SWAP	−0.0007%	4h	92.840	−0.003%	$42.9M	$102.8M	50x	as long as short
Aftermath Perps WTIUSD	−0.0002%	1h	92.857	+0.016%	$2K	$28K	5x	as long as short
edgeX CLUSDC	−0.0002%	4h	92.863	+0.021%	$529K	$302K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	92.829	−0.015%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.858	+0.016%	$26.9M	$81.6M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.834	−0.010%	$41.9M	$43.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.870	+0.029%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.851	+0.009%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.389	−0.489%	$5K	—	150x	as long as short
Lighter WTI	+0.0032%	1h	92.837	−0.006%	$11.2M	$10.5M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.875	+0.035%	$2.1M	$23.8M	10x	as long as short
Paradex CL-USD-PERP	+0.0034%	8h	92.822	−0.022%	$16K	$367	5x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.961	+0.128%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.360	−0.520%	$726K	$2.9M	40x	as long as short
Vest CL-PERPshort	+0.0046%	1h	92.860	+0.018%	—	$310K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.850	+0.008%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.833	−0.011%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0084%	4h	92.842	−0.001%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.845	+0.003%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.810	−0.035%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.806	−0.040%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.835	−0.009%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.04	+9.902%	$19K	$11K	30x	as long as short