Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0190%/8h= −20.8% APRpaid last 24h −0.066%

Price spread now: dYdX against BloFin+0.274%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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

The price spread pays, funding is against you. dYdX is 0.274% dearer against BloFin than usual: you sell high and buy low (spread +0.274% now, against zero (this spread has no 7-day history yet)): +$27 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CL-USDT	92.700	0.0190	pay 0.0095% / 4h	3h 29m	$4.0M	$1.0M	50x
Short	dYdX WTI-USD	92.954	0	get 0.0000% / 1h	29m 48s	$8K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.274%Rate

Funding earned: −$39.87
Price spread: +0.274% → 0.000%: $27.36
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$34.5
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: BloFin: live order book, 4 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 BloFin live order book, 4 min ago	1.08 bp	7.1 bp −$7	9.1 bp −$91	12.1 bp −$1,213	35.5 bp −$17.7K
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	−0.0503%	1h	92.910	+0.227%	$188K	$410K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.951	+0.271%	$272K	$936K	25x	as long as short
Aster CLUSD1	−0.0228%	4h	92.884	+0.199%	$24.9M	$60.4M	20x	as long as short
Gate CL_USDT	−0.0144%	8h	92.820	+0.129%	$23.5M	$49.8M	100x	as long as short
Binance CLUSDT	−0.0125%	4h	92.880	+0.194%	$245.9M	$930.1M	100x	as long as short
Variational Omni CL	−0.0109%	4h	92.750	+0.054%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0101%	1h	92.950	+0.269%	$951K	$598K	10x	as long as short
GRVT CL_USDT_Perp	−0.0094%	4h	92.734	+0.037%	$75K	$624K	25x	as long as short
Bitget CLUSDT	−0.0076%	4h	92.842	+0.153%	$42.2M	$41.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0071%	1h	92.819	+0.129%	$1K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0068%	4h	92.769	+0.074%	$541K	$343K	30x	as long as short
OKX CL-USDT-SWAP	−0.0047%	4h	92.880	+0.194%	$42.5M	$102.9M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	92.910	+0.227%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0015%	1h	92.909	+0.225%	$184.5M	$192.3M	20x	as long as short
dYdX WTI-USDshort	0.0000%	1h	92.954	+0.274%	$8K	$3K	5x
Bybit CLUSDT	0.0000%	8h	92.890	+0.205%	$27.4M	$81.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.965	+0.286%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.923	+0.241%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.494	−0.222%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.790	+0.097%	$37K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	92.863	+0.176%	$16K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.610	−0.097%	$412K	$814K	15x	as long as short
Ondo Perps WTI-USD.P	+0.0029%	1h	92.890	+0.205%	$3.6M	$5.2M	20x	as long as short
Lighter WTI	+0.0032%	1h	92.932	+0.250%	$11.3M	$8.8M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.850	+0.162%	$1.7M	$14.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.700	0.000%	$730K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.890	+0.205%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.944	+0.263%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.865	+0.178%	$2.1M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.856	+0.168%	$346K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.866	+0.179%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.750	+0.054%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.906	+0.223%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S −0.0007%	1h	92.935	+0.254%	$80K	—	111x	as long as short
BloFin CL-USDTlong	+0.0190%	4h	92.700	long leg	$4.0M	$1.0M	50x
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.177%	$19K	$5K	30x	as long as short