Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0132%/8h= +14.5% APRpaid last 24h +0.008%

Price spread now: Bybit against Bitget+0.019%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$15 on $10k

Price spread, last 7 days−0.033%−$3 · spread now +0.019%, 7d avg −0.012%

Together, before fees−0.178%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.031% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.012%. Mind the row above: over the last 7 days funding on this pair cost −0.145%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CLUSDT	93.382	−0.0132	get 0.0066% / 4h	2h 39m	$42.1M	$42.9M	100x
Short	Bybit CLUSDT	93.400	0	get 0.0000% / 8h	2h 39m	$27.1M	$80.0M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.019%Rate

Funding earned: $27.72
Price spread: +0.019% → −0.012%: $3.14
Slippage, 4 orders: −$4.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $3.65
Costs to cover: 0.272%
Break-even: 6.1 days

Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	0.32 bp	8.0 bp −$8	9.4 bp −$94	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.54 bp	6.0 bp −$6	7.1 bp −$71	15.4 bp −$1,538	101.5 bp −$50.7K

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	−0.0499%	1h	93.350	−0.034%	$197K	$372K	15x	as long as short
GRVT CL_USDT_Perp	−0.0338%	4h	93.334	−0.052%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0303%	4h	93.403	+0.022%	$24.4M	$66.0M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.387	+0.006%	$283K	$961K	25x	as long as short
Binance CLUSDT	−0.0191%	4h	93.390	+0.009%	$246.6M	$932.6M	100x	as long as short
Variational Omni CL	−0.0179%	4h	93.361	−0.023%	$13.3M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0146%	1h	93.335	−0.050%	$2K	$26K	5x	as long as short
Bitget CLUSDTlong	−0.0132%	4h	93.382	long leg	$42.1M	$42.9M	100x
Nado WTI-PERP	−0.0123%	1h	93.429	+0.050%	$968K	$618K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0118%	1h	93.330	−0.056%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0071%	1h	93.385	+0.003%	$184.6M	$214.2M	20x	as long as short
Gate CL_USDT	−0.0071%	8h	93.330	−0.056%	$21.7M	$49.4M	100x	as long as short
OKX CL-USDT-SWAP	−0.0062%	4h	93.380	−0.002%	$42.6M	$102.5M	50x	as long as short
edgeX CLUSDC	−0.0058%	4h	93.358	−0.026%	$525K	$305K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.238%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.360	−0.024%	$2.3M	$2.2M	10x	as long as short
Paradex CL-USD-PERP	−0.0003%	8h	93.368	−0.015%	$16K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	93.410	+0.030%	$8K	$3K	5x	as long as short
Bybit CLUSDTshort	0.0000%	8h	93.400	+0.019%	$27.1M	$80.0M	150x
RISEx CL/USDC	0.0000%	1h	93.433	+0.055%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	−0.002%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.378	−0.004%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.930	−0.484%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	93.381	−0.001%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.420	+0.041%	$2.0M	$17.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.350	−0.034%	$739K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.380	−0.002%	—	$313K	10x	as long as short
KuCoin CLUSDTM	+0.0046%	4h	93.401	+0.020%	$7.1M	$2.4M	50x	as long as short
Pacifica CL	+0.0047%	1h	93.388	+0.006%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.377	−0.005%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.377	−0.005%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.370	−0.013%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.343	−0.041%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0176%	4h	93.330	−0.056%	$4.0M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+9.841%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0234% / S −0.0166%	1h	93.375	−0.007%	$84K	—	111x	as long as short