Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0190%/8h= −20.8% APRpaid last 24h −0.057%

Price spread now: SoDEX against BloFin+0.035%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on BloFin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.137%−$14 on $10k

Price spread, last 3 days (all we have)−0.043%−$4 · spread now +0.035%, 7d avg −0.003%

Together, before fees−0.180%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SoDEX is 0.038% dearer against BloFin than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.003%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CL-USDT	92.000	0.0240	pay 0.0120% / 4h	1h 04m	$4.0M	$1.4M	50x
Short	SoDEX CL-USD	92.032	0.0050	get 0.0006% / 1h	4m 53s	$2.0M	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$39.9
Price spread: +0.035% → −0.003%: $3.8
Slippage, 4 orders: −$31.8
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$87.9
Costs to cover: 0.518%
Break-even: never at this rate

Slippage from BloFin: live order book, 9 min ago; SoDEX: live order book, 4 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, 9 min ago	1.09 bp	7.1 bp −$7	7.1 bp −$71	11.3 bp −$1,127	32.9 bp −$16.4K
Sell SoDEX live order book, 4 min ago	0.54 bp	18.8 bp −$19	83.9 bp −$839	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
Lighter WTI	−0.0264%	1h	92.036	+0.039%	$11.1M	$11.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0214%	4h	91.989	−0.012%	$58K	$715K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0184%	1h	92.050	+0.054%	$96K	$189K	15x	as long as short
Nado WTI-PERP	−0.0160%	1h	92.095	+0.103%	$923K	$746K	10x	as long as short
Aster CLUSD1	−0.0157%	4h	92.064	+0.070%	$24.0M	$77.6M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0152%	1h	92.030	+0.033%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0130%	1h	92.062	+0.067%	$185.6M	$278.2M	20x	as long as short
Bullet WTIOIL-USD	−0.0098%	1h	92.037	+0.040%	$19K	$241K	10x	as long as short
Paradex CL-USD-PERP	−0.0097%	8h	92.012	+0.013%	$15K	$367	5x	as long as short
Aftermath Perps WTIUSD	−0.0080%	1h	92.041	+0.044%	$2K	$29K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0060%	4h	92.055	+0.060%	$244.8M	$1.11B	100x	as long as short
Variational Omni CL	−0.0035%	4h	92.003	+0.003%	$13.4M	$13.3M	—	as long as short
Gate CL_USDT	−0.0010%	8h	92.000	0.000%	$21.3M	$59.6M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.117%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.077	+0.084%	$25.5M	$95.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.050	+0.054%	$43.2M	$113.2M	50x	as long as short
QFEX CL-USD	0.0000%	1h	92.020	+0.022%	$2.4M	$2.6M	10x	as long as short
Bitget CLUSDT	0.0000%	4h	92.037	+0.040%	$42.1M	$52.1M	100x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.617	−0.416%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.060	+0.065%	$37K	$99K	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0012%	1h	92.038	+0.041%	$1.6M	$1.4M	20x	as long as short
edgeX CLUSDC	+0.0016%	4h	92.024	+0.027%	$529K	$335K	30x	as long as short
Extended WTI-USD	+0.0032%	1h	92.100	+0.109%	$2.0M	$28.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.000	0.000%	$723K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.090	+0.098%	—	$308K	10x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	92.032	+0.035%	$2.0M	$39K	20x
Pacifica CL	+0.0100%	1h	92.045	+0.049%	$332K	$578K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.061	+0.066%	$7.2M	$2.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.010	+0.011%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.017	+0.019%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.030	+0.033%	$399K	$1.1M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.16	+9.955%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.035	+0.038%	$76K	—	111x	as long as short
BloFin CL-USDTlong	+0.0240%	4h	92.000	long leg	$4.0M	$1.4M	50x
Kraken Futures PF_WTIOILUSD	+0.0450%	1h	92.052	+0.056%	$275K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.153	+0.166%	$3.3M	$2.7M	20x	as long as short