Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h +0.015%

Price spread now: Pacifica against Bitget−0.066%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Bitget Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.236%+$24 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.066%, 7d avg −0.017%

Together, before fees+0.328%+ Points / potential airdropPacifica: Active · farm board+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Pacifica is 0.050% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.017%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.236%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CLUSDT	92.260	0	get 0.0000% / 4h	30m 55s	$42.0M	$51.6M	100x
Short	Pacifica CL	92.199	−0.0020	pay 0.0003% / 1h	30m 55s	$333K	$576K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.066%Rate

Funding earned: −$4.3
Price spread: −0.066% → −0.017%: −$4.96
Slippage, 4 orders: −$8.43
Fee Bitget: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$37.69
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Pacifica: live order book, 48 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, 3 min ago	0.49 bp	7.7 bp −$8	9.6 bp −$96	doesn't fit	doesn't fit
Sell Pacifica live order book, 48 min ago	0.05 bp	6.3 bp −$6	doesn't fit	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
Kraken Futures PF_WTIOILUSD	−0.0449%	1h	92.270	+0.011%	$274K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0318%	4h	92.150	−0.119%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0257%	4h	92.281	+0.022%	$24.0M	$77.5M	20x	as long as short
Binance CLUSDT	−0.0175%	4h	92.294	+0.036%	$245.1M	$1.09B	100x	as long as short
Variational Omni CL	−0.0157%	4h	92.184	−0.082%	$13.4M	$12.4M	—	as long as short
Nado WTI-PERP	−0.0156%	1h	92.238	−0.024%	$925K	$739K	10x	as long as short
Lighter WTI	−0.0096%	1h	92.281	+0.023%	$11.2M	$10.9M	20x	as long as short
Paradex CL-USD-PERP	−0.0086%	8h	92.169	−0.098%	$15K	$367	5x	as long as short
Ondo Perps WTI-USD.P	−0.0080%	1h	92.140	−0.130%	$3.5M	$6.3M	20x	as long as short
tradeXYZ xyz:CL	−0.0061%	1h	92.310	+0.054%	$187.0M	$275.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0054%	1h	92.170	−0.098%	$2.4M	$2.4M	10x	as long as short
Gate CL_USDT	−0.0031%	8h	92.230	−0.033%	$21.3M	$57.8M	100x	as long as short
Bullet WTIOIL-USD	−0.0021%	1h	92.200	−0.065%	$19K	$241K	10x	as long as short
Pacifica CLshort	−0.0020%	1h	92.199	−0.066%	$333K	$576K	10x
dYdX WTI-USD	0.0000%	1h	92.196	−0.069%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.310	+0.054%	$25.7M	$94.2M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.280	+0.022%	$43.1M	$113.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.310	+0.055%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDTlong	0.0000%	4h	92.260	long leg	$42.0M	$51.6M	100x
Phoenix WTIOIL	0.0000%	1h	92.170	−0.098%	$37K	$101K	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.290	+0.033%	$96K	$189K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.249%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.784	−0.516%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	92.330	+0.076%	$2.0M	$27.4M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.140	−0.130%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.230	−0.033%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.190	−0.076%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.270	+0.011%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0089%	4h	92.158	−0.110%	$530K	$333K	30x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.307	+0.051%	$7.1M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.130	−0.141%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.225	−0.038%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0166%	1h	92.160	−0.109%	$1K	$29K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.215	−0.049%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.18	+9.669%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.190	−0.076%	$4.0M	$1.4M	50x	as long as short