Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0194%/8h= +21.2% APRpaid last 24h +0.038%

Price spread now: ApeX Omni against Bitget+0.288%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$560.564% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.358%+$36 on $10k

Price spread, last 4 days (all we have)−0.248%−$25 · spread now +0.288%, 7d avg +0.005%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and ApeX Omni is 0.284% dearer against Bitget than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CLUSDT	92.992	−0.0094	get 0.0047% / 4h	3h 56m	$42.1M	$41.6M	100x
Short	ApeX Omni CLUSDT	93.260	0.0100	get 0.0013% / 1h	56m 51s	$54K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.288%Rate

Funding earned: $40.74
Price spread: +0.288% → +0.005%: $28.36
Slippage, 4 orders: −$34.35
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $12.75
Costs to cover: 0.564%
Break-even: 4.8 days

Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 40 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 Bitget live order book, 2 min ago	0.48 bp	7.7 bp −$8	10.9 bp −$109	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 40 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	−0.0716%	1h	93.030	+0.041%	$188K	$406K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	93.077	+0.092%	$272K	$930K	25x	as long as short
Aster CLUSD1	−0.0244%	4h	93.066	+0.080%	$24.7M	$61.6M	20x	as long as short
Gate CL_USDT	−0.0185%	8h	92.990	−0.002%	$23.3M	$48.5M	100x	as long as short
GRVT CL_USDT_Perp	−0.0150%	4h	93.182	+0.204%	$75K	$614K	25x	as long as short
Binance CLUSDT	−0.0135%	4h	93.000	+0.009%	$246.1M	$928.6M	100x	as long as short
Variational Omni CL	−0.0122%	4h	93.132	+0.151%	$13.6M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0115%	1h	93.132	+0.151%	$953K	$613K	10x	as long as short
Bitget CLUSDTlong	−0.0094%	4h	92.992	long leg	$42.1M	$41.6M	100x
tradeXYZ xyz:CL	−0.0091%	1h	93.047	+0.059%	$184.1M	$197.1M	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	−0.0081%	1h	93.141	+0.160%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0068%	1h	93.030	+0.041%	$3.6M	$5.3M	20x	as long as short
OKX CL-USDT-SWAP	−0.0064%	4h	92.990	−0.002%	$42.6M	$103.2M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	93.070	+0.084%	$2.3M	$2.4M	10x	as long as short
edgeX CLUSDC	−0.0002%	4h	93.197	+0.220%	$534K	$332K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.128	+0.146%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.013	+0.023%	$27.0M	$80.3M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.121	+0.138%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.120	+0.138%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.075	+0.089%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.641	−0.377%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	93.039	+0.050%	$16K	$367	5x	as long as short
Lighter WTI	+0.0016%	1h	93.060	+0.073%	$11.3M	$8.6M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.181%	$404K	$808K	15x	as long as short
Extended WTI-USD	+0.0032%	1h	93.050	+0.062%	$1.7M	$14.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	+0.170%	$735K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.090	+0.105%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.088	+0.103%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.065	+0.079%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.074	+0.088%	$347K	$587K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.025	+0.035%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	93.260	+0.288%	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	93.047	+0.059%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0177%	4h	93.070	+0.084%	$4.1M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.831%	$19K	$5K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0260% / S −0.0179%	1h	93.075	+0.089%	$90K	—	111x	as long as short