Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.027%

Price spread now: RISEx against Deribit+0.110%7-day average +0.036% · 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−$15as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on Deribit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.119%+$12 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now +0.110%, 7d avg +0.036%

Together, before fees+0.126%+$13 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: RISEx is 0.074% dearer against Deribit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit WTIOIL_USDC-PERPETUAL	92.220	0	get 0.0000% / 1h	19m 44s	$96K	$189K	15x
Short	RISEx CL/USDC	92.322	0	get 0.0000% / 1h	19m 44s	$3.3M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Deribit. 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 DeribitbpFee RISExbpOrdersPrice spread, now +0.110%Rate

Funding earned: $0
Price spread: +0.110% → +0.036%: $7.43
Slippage, 4 orders: −$8.93
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$14.5
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from Deribit: live order book, 59 min ago; RISEx: 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 Deribit live order book, 59 min ago	0.54 bp	7.3 bp −$7	7.4 bp −$74	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	0.70 bp	4.2 bp −$4	5.3 bp −$53	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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.221	+0.002%	$273K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0316%	4h	92.191	−0.031%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0268%	4h	92.220	0.000%	$24.0M	$77.6M	20x	as long as short
Binance CLUSDT	−0.0185%	4h	92.200	−0.022%	$244.5M	$1.09B	100x	as long as short
Variational Omni CL	−0.0168%	4h	92.173	−0.051%	$13.3M	$12.7M	—	as long as short
Nado WTI-PERP	−0.0136%	1h	92.231	+0.012%	$925K	$737K	10x	as long as short
Lighter WTI	−0.0072%	1h	92.182	−0.041%	$11.2M	$10.9M	20x	as long as short
Paradex CL-USD-PERP	−0.0059%	8h	92.175	−0.049%	$15K	$367	5x	as long as short
QFEX CL-USD	−0.0054%	1h	92.180	−0.043%	$2.4M	$2.3M	10x	as long as short
tradeXYZ xyz:CL	−0.0050%	1h	92.206	−0.015%	$186.4M	$275.0M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0042%	1h	92.160	−0.065%	$3.5M	$6.3M	20x	as long as short
Gate CL_USDT	−0.0032%	8h	92.130	−0.098%	$21.3M	$58.0M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.197	−0.025%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.274	+0.059%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.214	−0.007%	$25.9M	$94.2M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.180	−0.043%	$43.0M	$112.7M	50x	as long as short
RISEx CL/USDCshort	0.0000%	1h	92.322	+0.110%	$3.3M	$2.7M	20x
Bitget CLUSDT	0.0000%	4h	92.187	−0.036%	$42.0M	$51.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.230	+0.011%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.197	−0.025%	$19K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUALlong	0.0000%	1h	92.220	long leg	$96K	$189K	15x
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.206%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.759	−0.500%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.235	+0.016%	$2.0M	$26.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.190	−0.033%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.220	0.000%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.186	−0.037%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.193	−0.029%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0062%	4h	92.213	−0.007%	$530K	$325K	30x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.217	−0.003%	$7.1M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.190	−0.033%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.177	−0.046%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.195	−0.027%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.18	+9.717%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.200	−0.022%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0311%	1h	92.207	−0.014%	$2K	$29K	5x	as long as short