Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0290%/8h= −31.8% APRpaid last 24h −0.040%

Price spread now: GRVT against dYdX−0.071%50s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and GRVT is 0.071% cheaper against dYdX than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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	dYdX WTI-USD	92.953	0	get 0.0000% / 1h	48m 15s	$8K	$3K	5x
Short	GRVT CL_USDT_Perp	92.887	−0.0290	pay 0.0145% / 4h	3h 48m	$74K	$614K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against dYdX. 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 dYdXbpFee GRVTbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$60.9
Price spread: −0.071% → 0.000%: −$7.13
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$87.03
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; GRVT: live order book, 50 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell GRVT live order book, 50 min ago	0.54 bp	6.1 bp −$6	9.5 bp −$95	doesn't fit	doesn't fit

dYdX: 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	−0.0503%	1h	92.930	−0.025%	$188K	$407K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.984	+0.033%	$270K	$931K	25x	as long as short
GRVT CL_USDT_Perpshort	−0.0290%	4h	92.887	−0.071%	$74K	$614K	25x
Aster CLUSD1	−0.0241%	4h	92.965	+0.013%	$24.7M	$61.5M	20x	as long as short
Gate CL_USDT	−0.0199%	8h	92.870	−0.089%	$23.3M	$48.9M	100x	as long as short
Binance CLUSDT	−0.0138%	4h	92.950	−0.003%	$246.6M	$929.5M	100x	as long as short
Variational Omni CL	−0.0127%	4h	92.920	−0.036%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0113%	1h	93.009	+0.060%	$951K	$611K	10x	as long as short
Bitget CLUSDT	−0.0090%	4h	92.948	−0.005%	$42.0M	$41.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0078%	1h	92.979	+0.028%	$1K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0060%	4h	92.930	−0.025%	$42.6M	$103.2M	50x	as long as short
tradeXYZ xyz:CL	−0.0060%	1h	92.948	−0.005%	$184.2M	$196.0M	20x	as long as short
edgeX CLUSDC	−0.0044%	4h	92.888	−0.070%	$542K	$342K	30x	as long as short
Ondo Perps WTI-USD.P	−0.0030%	1h	92.950	−0.003%	$3.6M	$5.3M	20x	as long as short
QFEX CL-USD	−0.0026%	1h	92.940	−0.014%	$2.3M	$2.5M	10x	as long as short
dYdX WTI-USDlong	0.0000%	1h	92.953	long leg	$8K	$3K	5x
Bybit CLUSDT	0.0000%	8h	92.970	+0.018%	$27.4M	$80.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.002	+0.053%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.957	+0.004%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.534	−0.451%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0007%	8h	92.946	−0.007%	$16K	$367	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.960	+0.007%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.223%	$404K	$808K	15x	as long as short
Lighter WTI	+0.0024%	1h	92.948	−0.005%	$11.3M	$8.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.000	+0.050%	$1.7M	$14.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.930	−0.025%	$732K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.970	+0.018%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.968	+0.016%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.956	+0.003%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.976	+0.025%	$346K	$586K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.968	+0.016%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.940	−0.014%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.933	−0.021%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.955	+0.002%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0176%	4h	92.950	−0.003%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.877%	$19K	$5K	30x	as long as short