Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0030%/8h= +3.3% APRpaid last 24h −0.024%

Price spread now: Injective against BloFin+12.880%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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 12.880% dearer against BloFin than usual: you sell high and buy low: +$1,288 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CL-USDT	90.480	0.0190	pay 0.0095% / 4h	3h 02m	$4.1M	$997K	50x
Short	Injective WTI/USDC PERP	102.13	0.0220	get 0.0028% / 1h	2m 27s	$19K	$5K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +12.880%Rate

Funding earned: $6.34
Price spread: +12.880% → 0.000%: $1,288.02
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,282.34
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 6 min ago; Injective: 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, 6 min ago	0.55 bp	6.6 bp −$7	6.6 bp −$66	11.6 bp −$1,164	47.2 bp −$23.6K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Kraken Futures PF_WTIOILUSD	−0.0321%	1h	90.539	+0.066%	$266K	$1.0M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0302%	1h	90.450	−0.033%	$181K	$415K	15x	as long as short
Aster CLUSD1	−0.0206%	4h	90.391	−0.098%	$24.5M	$60.5M	20x	as long as short
Binance CLUSDT	−0.0124%	4h	90.350	−0.144%	$245.3M	$1.02B	100x	as long as short
Gate CL_USDT	−0.0107%	8h	90.290	−0.210%	$22.9M	$53.1M	100x	as long as short
Bitget CLUSDT	−0.0104%	4h	90.320	−0.177%	$40.6M	$45.4M	100x	as long as short
Variational Omni CL	−0.0102%	4h	90.380	−0.110%	$13.1M	$10.9M	—	as long as short
GRVT CL_USDT_Perp	−0.0092%	4h	90.248	−0.257%	$70K	$616K	25x	as long as short
Nado WTI-PERP	−0.0091%	1h	90.434	−0.051%	$933K	$600K	10x	as long as short
edgeX CLUSDC	−0.0071%	4h	90.283	−0.217%	$527K	$342K	30x	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	−0.0052%	4h	90.350	−0.144%	$41.2M	$109.8M	50x	as long as short
Aftermath Perps WTIUSD	−0.0038%	1h	90.751	+0.300%	$1K	$27K	5x	as long as short
QFEX CL-USD	−0.0026%	1h	90.360	−0.133%	$2.2M	$2.9M	10x	as long as short
tradeXYZ xyz:CL	−0.0024%	1h	90.350	−0.144%	$176.8M	$204.6M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	90.102	−0.418%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.381	−0.110%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.360	−0.133%	$25.9M	$90.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.625	+0.160%	$2.9M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.355	−0.138%	$18K	$238K	10x	as long as short
Phoenix WTIOIL	+0.0009%	1h	90.590	+0.122%	$36K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	90.362	−0.131%	$15K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	90.300	−0.199%	$406K	$1.0M	15x	as long as short
Lighter WTI	+0.0024%	1h	90.359	−0.134%	$10.9M	$9.4M	20x	as long as short
Ondo Perps WTI-USD.P	+0.0030%	1h	90.340	−0.155%	$3.5M	$5.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	90.410	−0.077%	$1.6M	$13.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	90.550	+0.077%	$704K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.390	−0.099%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.350	−0.144%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.430	−0.055%	$2.0M	$79K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.387	−0.103%	$335K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.381	−0.109%	$6.9M	$2.8M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.430	−0.055%	$53K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.457	−0.026%	$4K	—	10x	as long as short
BloFin CL-USDTlong	+0.0190%	4h	90.480	long leg	$4.1M	$997K	50x
Injective WTI/USDC PERPshort	+0.0220%	1h	102.13	+12.880%	$19K	$5K	30x
GMX WTIOIL/USD [ETH-USDC]	L +0.0254% / S −0.0184%	1h	90.445	−0.039%	$84K	—	111x	as long as short