Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Bybit+0.029%47s7-day average −0.898% · you sell dearer than you buy

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

Long on Bybit Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.056%+$6 on $10k

Price spread, last 3 days (all we have)−0.179%−$18 · spread now +0.029%, 7d avg −0.898%

Together, before fees−0.123%+ Points / potential airdropVest: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.927% dearer against Bybit than usual: you sell high and buy low: +$93 more if the spread goes back to its 7-day average of −0.898%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CLUSDT	92.263	0	get 0.0000% / 8h	24m 40s	$25.9M	$94.3M	150x
Short	Vest CL-PERP	92.290	0.0046	get 0.0006% / 1h	24m 40s	—	$308K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.029%Rate

Funding earned: $9.59
Price spread: +0.029% → −0.898%: $92.7
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Vest: 1 bp × 2 orders: −$2
Net: $89.3
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Bybit: live order book, 4 min ago; Vest: 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	6.2 bp −$6	8.5 bp −$85	18.4 bp −$1,836	105.8 bp −$52.9K
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
Kraken Futures PF_WTIOILUSD	−0.0449%	1h	92.301	+0.041%	$274K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0316%	4h	92.230	−0.036%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0266%	4h	92.269	+0.007%	$24.0M	$77.4M	20x	as long as short
Binance CLUSDT	−0.0182%	4h	92.242	−0.023%	$244.8M	$1.09B	100x	as long as short
Variational Omni CL	−0.0162%	4h	92.224	−0.042%	$13.4M	$12.5M	—	as long as short
Nado WTI-PERP	−0.0145%	1h	92.299	+0.039%	$925K	$737K	10x	as long as short
Lighter WTI	−0.0080%	1h	92.250	−0.014%	$11.2M	$10.9M	20x	as long as short
Paradex CL-USD-PERP	−0.0070%	8h	92.219	−0.047%	$15K	$367	5x	as long as short
Ondo Perps WTI-USD.P	−0.0059%	1h	92.230	−0.036%	$3.5M	$6.3M	20x	as long as short
QFEX CL-USD	−0.0054%	1h	92.240	−0.025%	$2.4M	$2.3M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0053%	1h	92.269	+0.007%	$186.5M	$274.9M	20x	as long as short
Gate CL_USDT	−0.0031%	8h	92.170	−0.101%	$21.3M	$58.0M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.256	−0.008%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.274	+0.012%	$8K	$3K	5x	as long as short
Bybit CLUSDTlong	0.0000%	8h	92.263	long leg	$25.9M	$94.3M	150x
OKX CL-USDT-SWAP	0.0000%	4h	92.230	−0.036%	$43.0M	$113.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.356	+0.101%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.242	−0.023%	$42.0M	$51.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.300	+0.040%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.260	−0.003%	$18K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.280	+0.018%	$96K	$189K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.253%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.815	−0.486%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.280	+0.018%	$2.0M	$26.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.240	−0.025%	$721K	$3.1M	40x	as long as short
Vest CL-PERPshort	+0.0046%	1h	92.290	+0.029%	—	$308K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.245	−0.020%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.258	−0.005%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0079%	4h	92.275	+0.013%	$531K	$334K	30x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.280	+0.018%	$7.1M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.340	+0.083%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.230	−0.036%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.255	−0.009%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.18	+9.666%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.250	−0.014%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0254%	1h	92.267	+0.005%	$2K	$29K	5x	as long as short