Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.039%

Price spread now: ApeX Omni against BloFin0.000%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$550.545% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now 0.000%, 7d avg +0.015%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CL-USDT	93.400	0.0176	pay 0.0088% / 4h	2h 28m	$4.0M	$1.0M	50x
Short	ApeX Omni CLUSDT	93.400	0.0100	get 0.0013% / 1h	28m 11s	$54K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now 0.000%Rate

Funding earned: −$15.93
Price spread: 0.000% → +0.015%: −$1.52
Slippage, 4 orders: −$32.53
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$71.99
Costs to cover: 0.545%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; ApeX Omni: live order book, 19 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 BloFin live order book, 5 min ago	1.07 bp	7.1 bp −$7	7.7 bp −$77	11.7 bp −$1,174	21.9 bp −$11.0K
Sell ApeX Omni live order book, 19 min ago	8.57 bp	20.6 bp −$21	210.2 bp −$2,102	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	−0.0498%	1h	93.460	+0.064%	$197K	$374K	15x	as long as short
GRVT CL_USDT_Perp	−0.0324%	4h	93.320	−0.086%	$58K	$639K	25x	as long as short
Aster CLUSD1	−0.0303%	4h	93.542	+0.152%	$24.4M	$65.2M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.513	+0.121%	$285K	$960K	25x	as long as short
Binance CLUSDT	−0.0193%	4h	93.518	+0.126%	$246.7M	$932.6M	100x	as long as short
Variational Omni CL	−0.0184%	4h	93.331	−0.074%	$13.3M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0151%	1h	93.405	+0.005%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0136%	1h	93.551	+0.162%	$968K	$617K	10x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.501	+0.108%	$42.1M	$42.9M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0117%	1h	93.420	+0.021%	$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
edgeX CLUSDC	−0.0078%	4h	93.321	−0.085%	$525K	$306K	30x	as long as short
Gate CL_USDT	−0.0076%	8h	93.460	+0.064%	$21.8M	$49.6M	100x	as long as short
tradeXYZ xyz:CL	−0.0066%	1h	93.517	+0.125%	$185.1M	$214.8M	20x	as long as short
OKX CL-USDT-SWAP	−0.0061%	4h	93.510	+0.118%	$42.7M	$102.7M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.257%	$403K	$928K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.510	+0.118%	$2.3M	$2.3M	10x	as long as short
Lighter WTI	0.0000%	1h	93.507	+0.115%	$11.2M	$9.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.496	+0.102%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.535	+0.145%	$27.1M	$79.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.551	+0.162%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	−0.021%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.494	+0.101%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.039	−0.387%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0004%	8h	93.489	+0.095%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.530	+0.139%	$2.0M	$17.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.330	−0.075%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.480	+0.086%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.505	+0.112%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.486	+0.092%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.494	+0.101%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0058%	4h	93.519	+0.127%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	93.400	0.000%	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	93.473	+0.078%	$4K	—	10x	as long as short
BloFin CL-USDTlong	+0.0176%	4h	93.400	long leg	$4.0M	$1.0M	50x
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.853%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0237% / S −0.0169%	1h	93.495	+0.102%	$84K	—	111x	as long as short