Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0054%/8h= −6.0% APRpaid last 24h −0.019%

Price spread now: Aftermath Perps against Bybit+0.508%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Aftermath Perps

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

The price spread pays, funding is against you. Aftermath Perps is 0.508% dearer against Bybit than usual: you sell high and buy low (spread +0.508% now, against zero (this spread has no 7-day history yet)): +$51 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 31 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CLUSDT	91.877	0	get 0.0000% / 8h	7h 14m	$27.0M	$84.2M	150x
Short	Aftermath Perps WTIUSD	92.343	−0.0054	pay 0.0007% / 1h	14m 59s	$1K	$27K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Bybit. 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 BybitbpFee Aftermath PerpsbpOrdersPrice spread, now +0.508%Rate

Funding earned: −$11.44
Price spread: +0.508% → 0.000%: $50.77
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $19.33
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Bybit: live order book, 4 min ago; Aftermath 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 Bybit live order book, 4 min ago	0.54 bp	6.0 bp −$6	7.4 bp −$74	16.4 bp −$1,636	101.0 bp −$50.5K
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath 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	−0.0511%	1h	91.880	+0.003%	$184K	$415K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0317%	1h	91.886	+0.009%	$257K	$944K	25x	as long as short
Aster CLUSD1	−0.0215%	4h	91.892	+0.017%	$24.8M	$59.4M	20x	as long as short
Binance CLUSDT	−0.0127%	4h	91.860	−0.019%	$247.8M	$945.5M	100x	as long as short
Nado WTI-PERP	−0.0100%	1h	91.978	+0.110%	$943K	$599K	10x	as long as short
Variational Omni CL	−0.0099%	4h	91.922	+0.049%	$13.4M	$10.8M	—	as long as short
GRVT CL_USDT_Perp	−0.0098%	4h	92.300	+0.460%	$74K	$611K	25x	as long as short
Bitget CLUSDT	−0.0082%	4h	91.832	−0.049%	$41.7M	$42.5M	100x	as long as short
Gate CL_USDT	−0.0072%	8h	91.800	−0.084%	$23.7M	$51.0M	100x	as long as short
Aftermath Perps WTIUSDshort	−0.0054%	1h	92.343	+0.508%	$1K	$27K	5x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0048%	4h	91.840	−0.040%	$42.2M	$103.5M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	91.900	+0.025%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0013%	1h	91.870	−0.008%	$182.7M	$193.0M	20x	as long as short
edgeX CLUSDC	−0.0001%	4h	92.217	+0.370%	$538K	$343K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	91.977	+0.109%	$8K	$3K	5x	as long as short
Bybit CLUSDTlong	0.0000%	8h	91.877	long leg	$27.0M	$84.2M	150x
RISEx CL/USDC	0.0000%	1h	91.947	+0.076%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	91.874	−0.003%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.470	−0.443%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.270	+0.428%	$36K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.040	+0.177%	$416K	$980K	15x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	91.919	+0.046%	$15K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	91.871	−0.007%	$11.2M	$9.0M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	91.910	+0.036%	$1.7M	$13.9M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0035%	1h	91.880	+0.003%	$3.6M	$5.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.210	+0.362%	$724K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.930	+0.058%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.946	+0.075%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.885	+0.009%	$2.0M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	91.940	+0.068%	$341K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.888	+0.012%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.210	+0.362%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.857	−0.021%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0165% / S −0.0003%	1h	91.865	−0.013%	$79K	—	111x	as long as short
BloFin CL-USDT	+0.0192%	4h	91.910	+0.036%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+11.164%	$19K	$5K	30x	as long as short