Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%

Price spread now: RISEx against Bybit+0.065%7-day average +0.053% · 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−$18as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.200%+$20 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.065%, 7d avg +0.053%

Together, before fees+0.181%+$18 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CLUSDT	93.137	0	get 0.0000% / 8h	3h 21m	$26.8M	$80.5M	150x
Short	RISEx CL/USDC	93.198	0	get 0.0000% / 1h	21m 34s	$3.1M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.053%: $1.21
Slippage, 4 orders: −$2.64
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$18.43
Costs to cover: 0.196%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; RISEx: live order book, 2 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 Bybit live order book, 2 min ago	0.54 bp	6.4 bp −$6	8.4 bp −$84	16.0 bp −$1,597	82.5 bp −$41.3K
Sell RISEx live order book, 2 min ago	0.59 bp	3.6 bp −$4	5.2 bp −$52	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0716%	1h	93.110	−0.029%	$199K	$370K	15x	as long as short
GRVT CL_USDT_Perp	−0.0308%	4h	93.140	+0.003%	$54K	$645K	25x	as long as short
Aster CLUSD1	−0.0275%	4h	93.147	+0.011%	$24.1M	$66.0M	20x	as long as short
Binance CLUSDT	−0.0181%	4h	93.136	−0.001%	$245.7M	$940.2M	100x	as long as short
Variational Omni CL	−0.0162%	4h	93.128	−0.010%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0130%	1h	93.120	−0.018%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0130%	4h	93.130	−0.008%	$42.0M	$43.2M	100x	as long as short
Aftermath Perps WTIUSD	−0.0123%	1h	93.139	+0.002%	$2K	$27K	5x	as long as short
Nado WTI-PERP	−0.0120%	1h	93.194	+0.061%	$964K	$630K	10x	as long as short
Gate CL_USDT	−0.0064%	8h	93.070	−0.072%	$21.2M	$51.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.156	+0.020%	$280K	$957K	25x	as long as short
OKX CL-USDT-SWAP	−0.0056%	4h	93.120	−0.018%	$42.6M	$102.7M	50x	as long as short
tradeXYZ xyz:CL	−0.0050%	1h	93.144	+0.008%	$184.4M	$217.6M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	+0.025%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.120	−0.018%	$2.3M	$1.9M	10x	as long as short
edgeX CLUSDC	−0.0025%	4h	93.174	+0.039%	$524K	$306K	30x	as long as short
Paradex CL-USD-PERP	−0.0025%	8h	93.118	−0.020%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.210	+0.078%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.173	+0.038%	$8K	$3K	5x	as long as short
Bybit CLUSDTlong	0.0000%	8h	93.137	long leg	$26.8M	$80.5M	150x
RISEx CL/USDCshort	0.0000%	1h	93.198	+0.065%	$3.1M	$2.9M	20x
Bullet WTIOIL-USD	0.0000%	1h	93.147	+0.011%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.717	−0.451%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0002%	4h	93.182	+0.048%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	+0.0008%	1h	93.134	−0.003%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0024%	1h	93.180	+0.046%	$2.0M	$18.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.160	+0.025%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.170	+0.035%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.144	+0.008%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.142	+0.005%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.133	−0.004%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.170	+0.035%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.117	−0.021%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0187%	4h	93.150	+0.014%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.51	+10.064%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0223% / S −0.0150%	1h	93.145	+0.009%	$81K	—	111x	as long as short