Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.064%

Price spread now: StandX against BloFin−0.097%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on BloFin Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.214%−$21 on $10k

Price spread, last 3 days (all we have)+0.120%+$12 · spread now −0.097%, 7d avg −0.011%

Together, before fees−0.094%+ Points / potential airdropStandX: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and StandX is 0.087% cheaper against BloFin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CL-USDT	92.450	0.0240	pay 0.0120% / 4h	3h 30m	$4.0M	$1.4M	50x
Short	StandX CL-USD	92.360	0.0040	get 0.0005% / 1h	30m 20s	$722K	$3.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$42
Price spread: −0.097% → −0.011%: −$8.67
Slippage, 4 orders: −$16.96
Fee BloFin: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$87.63
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; StandX: 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, 3 min ago	0.54 bp	6.5 bp −$7	6.7 bp −$67	11.5 bp −$1,146	24.6 bp −$12.3K
Sell StandX live order book, 4 min ago	0.54 bp	4.5 bp −$5	4.5 bp −$45	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
GRVT CL_USDT_Perp	−0.0356%	4h	92.460	+0.011%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0330%	4h	92.480	+0.032%	$24.0M	$79.8M	20x	as long as short
Binance CLUSDT	−0.0267%	4h	92.472	+0.024%	$245.2M	$1.07B	100x	as long as short
Variational Omni CL	−0.0260%	4h	92.441	−0.010%	$13.1M	$12.3M	—	as long as short
Gate CL_USDT	−0.0217%	8h	92.400	−0.054%	$21.3M	$55.0M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.490	+0.043%	$274K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0076%	1h	92.509	+0.063%	$932K	$732K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0074%	1h	92.480	+0.032%	$96K	$189K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0048%	1h	92.410	−0.043%	$3.5M	$6.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.454%	$399K	$960K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.460	+0.011%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0022%	1h	92.480	+0.032%	$186.6M	$257.1M	20x	as long as short
Paradex CL-USD-PERP	−0.0011%	8h	92.465	+0.016%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.483	+0.036%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.480	+0.032%	$26.3M	$92.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.470	+0.022%	$43.0M	$111.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.589	+0.151%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.464	+0.015%	$42.1M	$50.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.490	+0.043%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.465	+0.016%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.028	−0.456%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	92.479	+0.031%	$11.2M	$10.1M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.510	+0.065%	$2.3M	$27.0M	10x	as long as short
StandX CL-USDshort	+0.0040%	1h	92.360	−0.097%	$722K	$3.1M	40x
Vest CL-PERP	+0.0046%	1h	92.500	+0.054%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.474	+0.026%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.468	+0.019%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0066%	4h	92.484	+0.037%	$532K	$299K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.484	+0.037%	$354K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.502	+0.056%	$7.3M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.550	+0.108%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.430	−0.021%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.465	+0.016%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.850%	$19K	$11K	30x	as long as short
BloFin CL-USDTlong	+0.0240%	4h	92.450	long leg	$4.0M	$1.4M	50x
Aftermath Perps WTIUSD	+0.0268%	1h	92.473	+0.025%	$2K	$28K	5x	as long as short