Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h +0.023%

Price spread now: SoDEX against Bitget0.000%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on Bitget Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.094%+$9 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now 0.000%, 7d avg −0.008%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CLUSDT	93.241	−0.0124	get 0.0062% / 4h	39m 04s	$42.2M	$41.5M	100x
Short	SoDEX CL-USD	93.241	0.0050	get 0.0006% / 1h	39m 04s	$2.1M	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $36.54
Price spread: 0.000% → −0.008%: $0.79
Slippage, 4 orders: −$32.9
Fee Bitget: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$15.56
Costs to cover: 0.529%
Break-even: 10.0 days

Slippage from Bitget: live order book, 5 min ago; SoDEX: live order book, 5 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, 5 min ago	0.27 bp	7.9 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell SoDEX live order book, 5 min ago	0.54 bp	18.8 bp −$19	97.2 bp −$972	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	−0.0608%	1h	93.200	−0.044%	$195K	$393K	15x	as long as short
Aster CLUSD1	−0.0287%	4h	93.286	+0.048%	$24.7M	$64.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0272%	4h	93.210	−0.033%	$75K	$636K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0209%	1h	93.249	+0.008%	$275K	$938K	25x	as long as short
Binance CLUSDT	−0.0163%	4h	93.260	+0.020%	$247.0M	$919.0M	100x	as long as short
Variational Omni CL	−0.0151%	4h	93.187	−0.058%	$13.4M	$10.6M	—	as long as short
Gate CL_USDT	−0.0129%	8h	93.180	−0.065%	$22.9M	$49.0M	100x	as long as short
Bitget CLUSDTlong	−0.0124%	4h	93.241	long leg	$42.2M	$41.5M	100x
Aftermath Perps WTIUSD	−0.0112%	1h	93.275	+0.037%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0089%	1h	93.280	+0.042%	$957K	$623K	10x	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	−0.0066%	4h	93.230	−0.012%	$42.7M	$102.8M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	93.210	−0.033%	$2.3M	$2.4M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0030%	1h	93.200	−0.044%	$3.6M	$5.3M	20x	as long as short
tradeXYZ xyz:CL	−0.0029%	1h	93.249	+0.009%	$184.2M	$199.4M	20x	as long as short
Lighter WTI	−0.0024%	1h	93.234	−0.008%	$11.2M	$9.1M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.321%	$405K	$810K	15x	as long as short
Paradex CL-USD-PERP	−0.0002%	8h	93.213	−0.030%	$16K	$367	5x	as long as short
edgeX CLUSDC	−0.0001%	4h	93.217	−0.026%	$524K	$304K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.176	−0.069%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.248	+0.008%	$26.7M	$79.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.249	+0.008%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.410	+0.181%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.236	−0.005%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.809	−0.463%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	93.290	+0.053%	$1.6M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.270	+0.031%	$739K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.240	−0.001%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.220	−0.023%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	93.241	0.000%	$2.1M	$60K	20x
Pacifica CL	+0.0100%	1h	93.224	−0.018%	$348K	$593K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.264	+0.025%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.200	−0.044%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.218	−0.025%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0176%	4h	93.210	−0.033%	$4.0M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.83	+10.286%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0254% / S −0.0190%	1h	93.245	+0.004%	$84K	—	111x	as long as short