Settings8H · net · $10k
Funding arb · Price arb /

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0044%/8h= −4.8% APRnext payment $0.05 per $10,000 · paid last 24h −0.003%
Price spread now: Ondo Perps against dYdX−0.025%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.025% cheaper against dYdX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX WTI-USD92.4830get 0.0000% / 1h32m 45s$8K$3K5x
ShortOndo Perps WTI-USD.P92.460−0.0044pay 0.0005% / 1h32m 45s$3.5M$6.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
−$9.24
Price spread: −0.025% → 0.000%
−$2.52
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$26.76
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: dYdX: no order-book sample; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell Ondo Perps no order-book sample
dYdX and Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT CL_USDT_Perp−0.0356%4h92.460−0.025%$58K$693K25xas long as short
Aster CLUSD1−0.0328%4h92.502+0.020%$24.0M$80.2M20xas long as short
Binance CLUSDT−0.0265%4h92.486+0.003%$245.2M$1.07B100xas long as short
Variational Omni CL−0.0254%4h92.451−0.035%$13.2M$12.2Mas long as short
Gate CL_USDT−0.0229%8h92.420−0.068%$21.3M$54.9M100xas long as short
Kraken Futures PF_WTIOILUSD−0.0120%1h92.507+0.026%$274K$1.1M25xas long as short
Nado WTI-PERP−0.0084%1h92.511+0.030%$932K$732K10xas long as short
Deribit WTIOIL_USDC-PERPETUAL−0.0074%1h92.500+0.018%$96K$189K15xas long as short
Ondo Perps WTI-USD.Pshort−0.0044%1h92.460−0.025%$3.5M$6.2M20x
Coinbase International WTIOIL-PERP-INTX−0.0040%1h92.030−0.490%$399K$960K15xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX CL-USD−0.0040%1h92.440−0.047%$2.4M$2.1M10xas long as short
tradeXYZ xyz:CL−0.0021%1h92.506+0.025%$186.4M$256.8M20xas long as short
Paradex CL-USD-PERP−0.0012%8h92.470−0.015%$15K$3675xas long as short
dYdX WTI-USDlong0.0000%1h92.483long leg$8K$3K5x
Bybit CLUSDT0.0000%8h92.510+0.029%$26.2M$92.6M150xas long as short
OKX CL-USDT-SWAP0.0000%4h92.480−0.004%$43.0M$111.1M50xas long as short
RISEx CL/USDC0.0000%1h92.613+0.140%$3.3M$2.7M20xas long as short
Bitget CLUSDT0.0000%4h92.482−0.001%$42.1M$50.9M100xas long as short
Phoenix WTIOIL0.0000%1h92.530+0.050%$37K$66K20xas long as short
Bullet WTIOIL-USD0.0000%1h92.488+0.005%$19K$242K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h92.047−0.472%$5K150xas long as short
Lighter WTI+0.0008%1h92.495+0.013%$11.2M$10.1M20xas long as short
Extended WTI-USD+0.0032%1h92.520+0.040%$2.3M$27.1M10xas long as short
StandX CL-USD+0.0040%1h92.370−0.123%$722K$3.1M40xas long as short
Vest CL-PERP+0.0046%1h92.490+0.007%$310K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h92.472−0.012%$1.6M$1.4M20xas long as short
SoDEX CL-USD+0.0050%1h92.486+0.003%$2.0M$39K20xas long as short
edgeX CLUSDC+0.0066%4h92.484+0.001%$532K$299K30xas long as short
Pacifica CL+0.0100%1h92.499+0.017%$354K$596K10xas long as short
KuCoin CLUSDTM+0.0100%4h92.518+0.037%$7.3M$2.3M50xas long as short
ApeX Omni CLUSDT+0.0100%1h92.550+0.072%$56K$265K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h92.450−0.036%$4K10xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0206% / S −0.0131%1h92.485+0.002%$78K111xas long as short
Injective WTI/USDC PERP+0.0220%1h101.56+9.810%$19K$11K30xas long as short
BloFin CL-USDT+0.0240%4h92.400−0.090%$4.0M$1.4M50xas long as short
Aftermath Perps WTIUSD+0.0287%1h92.452−0.034%$2K$28K5xas long as short