Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.002%

Price spread now: dYdX against Bitget+0.064%53s7-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 dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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 +$3 a day on $10k at the current rate, and dYdX is 0.064% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 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	93.054	−0.0108	get 0.0054% / 4h	25m 47s	$41.9M	$43.8M	100x
Short	dYdX WTI-USD	93.113	0	get 0.0000% / 1h	25m 47s	$8K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.064%Rate

Funding earned: $22.68
Price spread: +0.064% → 0.000%: $6.37
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $7.05
Costs to cover: 0.220%
Break-even: 4.8 days

Slippage unknown: Bitget: live order book, 3 min ago; dYdX: 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, 3 min ago	0.22 bp	7.1 bp −$7	9.3 bp −$93	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0395%	1h	93.030	−0.026%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0257%	4h	93.064	+0.011%	$24.0M	$67.0M	20x	as long as short
GRVT CL_USDT_Perp	−0.0242%	4h	93.098	+0.047%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	93.094	+0.043%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0190%	4h	93.060	+0.006%	$244.6M	$948.8M	100x	as long as short
Variational Omni CL	−0.0182%	4h	93.038	−0.017%	$13.5M	$10.9M	—	as long as short
tradeXYZ xyz:CL	−0.0110%	1h	93.051	−0.003%	$184.7M	$215.8M	20x	as long as short
Bitget CLUSDTlong	−0.0108%	4h	93.054	long leg	$41.9M	$43.8M	100x
Ondo Perps WTI-USD.P	−0.0103%	1h	93.030	−0.026%	$3.5M	$5.5M	20x	as long as short
Aftermath Perps WTIUSD	−0.0102%	1h	93.102	+0.051%	$2K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0064%	4h	93.060	+0.006%	$42.6M	$102.8M	50x	as long as short
edgeX CLUSDC	−0.0054%	4h	93.103	+0.052%	$530K	$301K	30x	as long as short
Gate CL_USDT	−0.0048%	8h	93.010	−0.047%	$20.9M	$51.8M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.327%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	93.070	+0.017%	$2.4M	$1.7M	10x	as long as short
Nado WTI-PERP	−0.0034%	1h	93.125	+0.076%	$963K	$651K	10x	as long as short
KuCoin CLUSDTM	−0.0016%	4h	93.075	+0.023%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	0.0000%	1h	93.062	+0.009%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USDshort	0.0000%	1h	93.113	+0.064%	$8K	$3K	5x
Bybit CLUSDT	0.0000%	8h	93.070	+0.017%	$26.7M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.146	+0.099%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.140	+0.092%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.086	+0.034%	$19K	$243K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.616	−0.471%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	93.100	+0.049%	$2.0M	$20.7M	10x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	93.061	+0.007%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	93.140	+0.092%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.100	+0.049%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.087	+0.035%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.056	+0.002%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.073	+0.020%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.140	+0.092%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.046	−0.008%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0175%	4h	93.070	+0.017%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0214% / S −0.0141%	1h	93.075	+0.023%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.19	+9.814%	$19K	$11K	30x	as long as short