Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.067%

Price spread now: Pacifica against BloFin+0.044%7-day average −0.010% · you sell dearer than you buy

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

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.305%−$30 on $10k

Price spread, last 3 days (all we have)+0.202%+$20 · spread now +0.044%, 7d avg −0.010%

Together, before fees−0.102%+ Points / potential airdropPacifica: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.054% dearer against BloFin than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.010%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CL-USDT	91.950	0.0240	pay 0.0120% / 4h	2h 23m	$4.0M	$1.5M	50x
Short	Pacifica CL	91.990	0.0100	get 0.0013% / 1h	23m 16s	$332K	$573K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.044%Rate

Funding earned: −$29.4
Price spread: +0.044% → −0.010%: $5.38
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$44.02
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 min ago; Pacifica: live order book, 65 min ago. 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	1.09 bp	7.1 bp −$7	7.1 bp −$71	11.4 bp −$1,143	doesn't fit
Sell Pacifica live order book, 65 min ago	0.27 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit

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	91.980	+0.033%	$2.4M	$2.8M	10x	as long as short
Aster CLUSD1	0.0000%	4h	92.015	+0.070%	$24.6M	$77.0M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.916	−0.037%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.984	+0.037%	$247.0M	$1.14B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.970	+0.022%	$25.3M	$100.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.960	+0.011%	$43.1M	$117.1M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.900	−0.054%	$21.2M	$63.1M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.961	+0.012%	$42.2M	$69.1M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.992	+0.045%	$13.7M	$16.1M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.989	+0.043%	$58K	$782K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet WTIOIL-USD	0.0000%	1h	91.963	+0.014%	$18K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.990	+0.044%	$95K	$291K	15x	as long as short
Aftermath Perps WTIUSD	+0.0001%	1h	91.960	+0.011%	$2K	$31K	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.020	+0.076%	$33K	$99K	20x	as long as short
Lighter WTI	+0.0032%	1h	91.944	−0.007%	$11.0M	$12.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.015	+0.071%	$1.9M	$29.7M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.044	+0.102%	$17K	$18K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	91.991	+0.045%	$258K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	91.980	+0.033%	$725K	$3.1M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.141%	$393K	$1.3M	15x	as long as short
edgeX CLUSDC	+0.0042%	4h	91.987	+0.041%	$529K	$341K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	+0.076%	—	$243K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	91.960	+0.011%	$182.3M	$294.2M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.977	+0.029%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.974	+0.026%	$2.0M	$40K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.980	+0.033%	$3.5M	$6.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0096%	8h	91.958	+0.009%	$15K	$367	5x	as long as short
Pacifica CLshort	+0.0100%	1h	91.990	+0.044%	$332K	$573K	10x
KuCoin CLUSDTM	+0.0100%	4h	91.971	+0.023%	$7.4M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.080	+0.141%	$55K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.970	+0.022%	$4K	$49	10x	as long as short
Nado WTI-PERP	+0.0187%	1h	91.961	+0.012%	$879K	$786K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	91.985	+0.038%	$76K	—	29x	as long as short
BloFin CL-USDTlong	+0.0240%	4h	91.950	long leg	$4.0M	$1.5M	50x
RISEx CL/USDC	+0.0266%	1h	92.121	+0.186%	$3.2M	$2.7M	20x	as long as short