Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0242%/8h= −26.5% APRpaid last 24h −0.056%

Price spread now: Aftermath Perps against BloFin−0.062%49s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$7 a day on $10k at the current rate, and Aftermath Perps is 0.062% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 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	BloFin CL-USDT	91.920	0.0240	pay 0.0120% / 4h	2h 20m	$4.0M	$1.5M	50x
Short	Aftermath Perps WTIUSD	91.863	−0.0002	pay 0.0000% / 1h	20m 17s	$2K	$31K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against BloFin. 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 BloFinbpFee Aftermath PerpsbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$50.82
Price spread: −0.062% → 0.000%: −$6.24
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$78.07
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 min ago; Aftermath Perps: 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 BloFin live order book, 3 min ago	1.09 bp	7.1 bp −$7	9.9 bp −$99	18.5 bp −$1,855	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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 35 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
QFEX CL-USD	−0.0019%	1h	91.940	+0.022%	$2.4M	$2.8M	10x	as long as short
Aftermath Perps WTIUSDshort	−0.0002%	1h	91.863	−0.062%	$2K	$31K	5x
Aster CLUSD1	0.0000%	4h	91.995	+0.081%	$24.5M	$77.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.916	−0.004%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.814	−0.115%	$246.6M	$1.14B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.835	−0.092%	$25.1M	$100.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.760	−0.174%	$43.0M	$116.9M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.740	−0.196%	$21.2M	$63.2M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.798	−0.133%	$42.1M	$68.2M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.940	+0.022%	$13.7M	$16.0M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CL_USDT_Perp	0.0000%	4h	91.969	+0.054%	$58K	$782K	25x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	91.792	−0.139%	$18K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.800	−0.131%	$95K	$269K	15x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.020	+0.109%	$33K	$99K	20x	as long as short
Lighter WTI	+0.0032%	1h	91.870	−0.054%	$11.0M	$12.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.003	+0.090%	$2.0M	$29.7M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.044	+0.135%	$17K	$18K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	91.781	−0.152%	$257K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	91.980	+0.065%	$725K	$3.1M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.174%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	+0.109%	—	$243K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	91.903	−0.018%	$182.4M	$294.9M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.910	−0.011%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.765	−0.169%	$2.0M	$40K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.820	−0.109%	$3.5M	$6.5M	20x	as long as short
edgeX CLUSDC	+0.0060%	4h	91.956	+0.039%	$529K	$342K	30x	as long as short
Paradex CL-USD-PERP	+0.0087%	8h	91.906	−0.015%	$15K	$367	5x	as long as short
Pacifica CL	+0.0100%	1h	91.877	−0.047%	$332K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.865	−0.060%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.080	+0.174%	$55K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.887	−0.036%	$4K	$49	10x	as long as short
Nado WTI-PERP	+0.0196%	1h	91.841	−0.086%	$878K	$790K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0211% / S −0.0127%	1h	91.765	−0.169%	$76K	—	29x	as long as short
BloFin CL-USDTlong	+0.0240%	4h	91.920	long leg	$4.0M	$1.5M	50x
RISEx CL/USDC	+0.0266%	1h	91.976	+0.061%	$3.2M	$2.7M	20x	as long as short