Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h −0.006%

Price spread now: Aftermath Perps against Bitget+0.156%46s7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 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 +$1 a day on $10k at the current rate, and Aftermath Perps is 0.156% dearer against Bitget than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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	Bitget CLUSDT	92.831	−0.0086	get 0.0043% / 4h	3h 39m	$42.0M	$41.7M	100x
Short	Aftermath Perps WTIUSD	92.976	−0.0068	pay 0.0008% / 1h	39m 36s	$2K	$27K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bitget. 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 BitgetbpFee Aftermath PerpsbpOrdersPrice spread, now +0.156%Rate

Funding earned: $3.79
Price spread: +0.156% → 0.000%: $15.64
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$1.57
Costs to cover: 0.210%
Break-even: 9.9 days

Slippage unknown: Bitget: live order book, 4 min ago; Aftermath Perps: 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 Bitget live order book, 4 min ago	0.54 bp	7.6 bp −$8	10.1 bp −$101	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	−0.0503%	1h	92.870	+0.042%	$188K	$409K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.919	+0.095%	$270K	$932K	25x	as long as short
Aster CLUSD1	−0.0231%	4h	92.849	+0.020%	$24.8M	$61.1M	20x	as long as short
Gate CL_USDT	−0.0215%	8h	92.730	−0.109%	$23.4M	$49.3M	100x	as long as short
Binance CLUSDT	−0.0132%	4h	92.811	−0.022%	$245.9M	$931.1M	100x	as long as short
GRVT CL_USDT_Perp	−0.0124%	4h	93.007	+0.190%	$74K	$614K	25x	as long as short
Variational Omni CL	−0.0117%	4h	92.920	+0.096%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0101%	1h	92.948	+0.126%	$951K	$607K	10x	as long as short
Bitget CLUSDTlong	−0.0086%	4h	92.831	long leg	$42.0M	$41.7M	100x
Aftermath Perps WTIUSDshort	−0.0068%	1h	92.976	+0.156%	$2K	$27K	5x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0051%	4h	92.780	−0.055%	$42.5M	$103.0M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	92.800	−0.033%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0025%	1h	92.876	+0.048%	$184.2M	$191.3M	20x	as long as short
edgeX CLUSDC	−0.0020%	4h	92.998	+0.180%	$542K	$343K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	92.843	+0.013%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.823	−0.009%	$27.5M	$80.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.838	+0.007%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.917	+0.093%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.485	−0.373%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.930	+0.107%	$37K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	92.797	−0.037%	$16K	$367	5x	as long as short
Ondo Perps WTI-USD.P	+0.0014%	1h	92.760	−0.076%	$3.6M	$5.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.354%	$404K	$794K	15x	as long as short
Lighter WTI	+0.0032%	1h	92.830	−0.001%	$11.3M	$8.8M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.850	+0.020%	$1.7M	$14.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.020	+0.204%	$733K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.910	+0.085%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.903	+0.078%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.887	+0.060%	$2.1M	$66K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.824	−0.008%	$346K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.862	+0.033%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.960	+0.139%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.879	+0.052%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.935	+0.112%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0187%	4h	92.880	+0.053%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.021%	$19K	$5K	30x	as long as short