Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0175%/8h= −19.2% APRpaid last 24h −0.080%

Price spread now: Ondo Perps against BloFin+0.022%7-day average −0.027% · you sell dearer than you buy

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

Long on BloFin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.022%, 7d avg −0.027%

Together, before fees−0.187%+ Points / potential airdropOndo Perps: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.049% dearer against BloFin than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.027%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CL-USDT	92.920	0.0158	pay 0.0079% / 4h	18m 38s	$4.1M	$982K	50x
Short	Ondo Perps WTI-USD.P	92.940	−0.0017	pay 0.0002% / 1h	18m 38s	$3.6M	$5.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo 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 Ondo PerpsbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$36.75
Price spread: +0.022% → −0.027%: $4.85
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$48.9
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 min ago; Ondo 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, 5 min ago	1.08 bp	7.9 bp −$8	8.5 bp −$85	13.6 bp −$1,365	33.5 bp −$16.8K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo 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 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	92.920	0.000%	$194K	$396K	15x	as long as short
Aster CLUSD1	−0.0278%	4h	92.999	+0.085%	$24.8M	$63.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.920	0.000%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	92.962	+0.045%	$275K	$930K	25x	as long as short
Binance CLUSDT	−0.0156%	4h	92.976	+0.060%	$246.8M	$922.8M	100x	as long as short
Variational Omni CL	−0.0144%	4h	92.909	−0.012%	$13.5M	$10.7M	—	as long as short
Gate CL_USDT	−0.0135%	8h	92.920	0.000%	$23.0M	$50.1M	100x	as long as short
Bitget CLUSDT	−0.0120%	4h	92.963	+0.046%	$42.2M	$41.6M	100x	as long as short
Nado WTI-PERP	−0.0110%	1h	93.024	+0.112%	$954K	$618K	10x	as long as short
Aftermath Perps WTIUSD	−0.0099%	1h	92.950	+0.032%	$2K	$26K	5x	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	−0.0083%	4h	92.970	+0.054%	$42.7M	$102.8M	50x	as long as short
edgeX CLUSDC	−0.0057%	4h	92.965	+0.049%	$523K	$305K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	92.990	+0.075%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0020%	1h	92.993	+0.079%	$184.1M	$198.0M	20x	as long as short
Ondo Perps WTI-USD.Pshort	−0.0017%	1h	92.940	+0.022%	$3.6M	$5.3M	20x
Lighter WTI	−0.0016%	1h	92.977	+0.061%	$11.2M	$9.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.667%	$405K	$810K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	92.986	+0.071%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.990	+0.075%	$26.8M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.014	+0.101%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.990	+0.075%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.958	+0.040%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.518	−0.433%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0002%	8h	92.968	+0.052%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.020	+0.108%	$1.7M	$15.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.990	+0.075%	$737K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.970	+0.054%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.967	+0.051%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.958	+0.041%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.996	+0.082%	$347K	$591K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.996	+0.082%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.940	+0.022%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.929	+0.009%	$4K	—	10x	as long as short
BloFin CL-USDTlong	+0.0158%	4h	92.920	long leg	$4.1M	$982K	50x
GMX WTIOIL/USD [ETH-USDC]	L +0.0164% / S −0.0012%	1h	92.975	+0.059%	$80K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.45	+10.256%	$19K	$11K	30x	as long as short