Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: StandX against Coinbase International−0.185%7-day average +0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on Coinbase International Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.318%+$32 on $10k

Price spread, last 3 days (all we have)+0.341%+$34 · spread now −0.185%, 7d avg +0.078%

Together, before fees+0.660%+ Points / potential airdropStandX: Active · farm board+$66 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: StandX is 0.263% cheaper against Coinbase International than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WTIOIL-PERP-INTX	92.080	0.0040	pay 0.0005% / 1h	12m 03s	$393K	$1.3M	15x
Short	StandX CL-USD	91.910	0.0040	get 0.0005% / 1h	12m 03s	$725K	$3.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against Coinbase International. 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 Coinbase InternationalbpFee StandXbpOrdersPrice spread, now −0.185%Rate

Funding earned: $0
Price spread: −0.185% → +0.078%: −$26.31
Slippage, 4 orders: −$15.13
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: −$59.44
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; StandX: 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 Coinbase International live order book, 1 min ago	0.54 bp	5.5 bp −$6	9.5 bp −$95	doesn't fit	doesn't fit
Sell StandX live order book, 2 min ago	5.44 bp	9.4 bp −$9	10.3 bp −$103	doesn't fit	doesn't fit

CL on 35 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
QFEX CL-USD	−0.0019%	1h	91.890	−0.206%	$2.4M	$2.8M	10x	as long as short
Aster CLUSD1	0.0000%	4h	91.960	−0.130%	$24.5M	$77.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.854	−0.246%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.900	−0.195%	$246.1M	$1.14B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.870	−0.228%	$25.1M	$100.0M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.870	−0.228%	$42.9M	$116.6M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.830	−0.272%	$21.2M	$63.4M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.870	−0.228%	$42.1M	$67.7M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.911	−0.184%	$13.6M	$16.2M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.882	−0.215%	$58K	$782K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet WTIOIL-USD	0.0000%	1h	91.883	−0.214%	$17K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.910	−0.185%	$95K	$267K	15x	as long as short
Aftermath Perps WTIUSD	+0.0001%	1h	91.883	−0.214%	$2K	$31K	5x	as long as short
edgeX CLUSDC	+0.0004%	4h	91.930	−0.163%	$529K	$343K	30x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.990	−0.098%	$33K	$99K	20x	as long as short
Paradex CL-USD-PERP	+0.0031%	8h	91.887	−0.209%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	91.854	−0.245%	$11.0M	$12.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	91.973	−0.116%	$2.0M	$29.6M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	91.880	−0.217%	$17K	$18K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	91.910	−0.185%	$257K	$1.3M	25x	as long as short
StandX CL-USDshort	+0.0040%	1h	91.910	−0.185%	$725K	$3.1M	40x
Coinbase International WTIOIL-PERP-INTXlong	+0.0040%	1h	92.080	long leg	$393K	$1.3M	15x
Vest CL-PERP	+0.0046%	1h	92.020	−0.065%	—	$243K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	91.892	−0.204%	$182.5M	$296.6M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.886	−0.211%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.889	−0.207%	$2.0M	$39K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.850	−0.250%	$3.5M	$6.5M	20x	as long as short
Pacifica CL	+0.0100%	1h	91.872	−0.226%	$334K	$575K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.882	−0.215%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.930	−0.163%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.873	−0.225%	$4K	—	10x	as long as short
Nado WTI-PERP	+0.0193%	1h	91.875	−0.222%	$880K	$788K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	91.885	−0.212%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.900	−0.195%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.002	−0.085%	$3.2M	$2.7M	20x	as long as short