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

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%
Price spread now: Polymarket Perps against dYdX+0.022%47s7-day average · you sell dearer than you buy
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 feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.022% dearer against dYdX than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX WTI-USD93.1880get 0.0000% / 1h42m 42s$8K$3K5x
ShortPolymarket Perps WTIOIL-USD93.2090.0050get 0.0006% / 1h42m 42s$1.6M$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket 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
$10.5
Price spread: +0.022% → 0.000%
$2.21
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$5.29
Costs to cover
0.180%
Break-even
10.5 days
Slippage unknown: dYdX: no order-book sample; Polymarket Perps: live order book, 1 min ago. 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 Polymarket Perps live order book, 1 min ago1.93 bp6.1 bp −$67.8 bp −$7810.9 bp −$1,091doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0608%1h93.150−0.041%$199K$370K15xas long as short
Aster CLUSD1−0.0248%4h93.221+0.035%$24.0M$67.6M20xas long as short
GRVT CL_USDT_Perp−0.0244%4h93.140−0.052%$54K$635K25xas long as short
Kraken Futures PF_WTIOILUSD−0.0195%1h93.209+0.022%$274K$872K25xas long as short
Binance CLUSDT−0.0193%4h93.200+0.012%$245.1M$950.9M100xas long as short
Variational Omni CL−0.0184%4h93.098−0.097%$13.5M$11.0Mas long as short
tradeXYZ xyz:CL−0.0108%1h93.202+0.015%$185.0M$216.3M20xas long as short
Ondo Perps WTI-USD.P−0.0099%1h93.100−0.095%$3.5M$5.6M20xas long as short
Aftermath Perps WTIUSD−0.0091%1h93.164−0.026%$2K$27K5xas long as short
edgeX CLUSDC−0.0080%4h93.092−0.103%$530K$302K30xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CLUSDT−0.0076%4h93.196+0.008%$42.0M$43.8M100xas long as short
OKX CL-USDT-SWAP−0.0068%4h93.200+0.012%$42.6M$102.9M50xas long as short
Gate CL_USDT−0.0049%8h93.160−0.030%$20.9M$51.4M100xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0048%1h92.750−0.470%$402K$944K15xas long as short
QFEX CL-USD−0.0043%1h93.170−0.020%$2.5M$1.7M10xas long as short
Nado WTI-PERP−0.0029%1h93.243+0.059%$964K$653K10xas long as short
Lighter WTI−0.0008%1h93.198+0.010%$11.2M$10.5M20xas long as short
Extended WTI-USD−0.0008%1h93.240+0.055%$2.1M$21.3M10xas long as short
KuCoin CLUSDTM−0.0002%4h93.206+0.019%$7.1M$2.4M50xas long as short
dYdX WTI-USDlong0.0000%1h93.188long leg$8K$3K5x
Bybit CLUSDT0.0000%8h93.210+0.023%$26.8M$80.7M150xas long as short
RISEx CL/USDC0.0000%1h93.267+0.084%$3.1M$2.9M20xas long as short
Phoenix WTIOIL0.0000%1h93.200+0.012%$37K$42K20xas long as short
Bullet WTIOIL-USD0.0000%1h93.196+0.009%$18K$242K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h92.757−0.463%$5K150xas long as short
Paradex CL-USD-PERP+0.0015%8h93.176−0.013%$16K$3675xas long as short
StandX CL-USD+0.0040%1h93.140−0.052%$735K$2.9M40xas long as short
Vest CL-PERP+0.0046%1h93.200+0.012%$310K10xas long as short
Polymarket Perps WTIOIL-USDshort+0.0050%1h93.209+0.022%$1.6M$1.3M20x
SoDEX CL-USD+0.0050%1h93.192+0.004%$2.1M$60K20xas long as short
Pacifica CL+0.0068%1h93.189+0.001%$330K$622K10xas long as short
ApeX Omni CLUSDT+0.0100%1h93.210+0.023%$56K$265K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h93.161−0.029%$4K10xas long as short
BloFin CL-USDT+0.0171%4h93.200+0.012%$4.0M$1.1M50xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0210% / S −0.0134%1h93.195+0.007%$79K111xas long as short
Injective WTI/USDC PERP+0.0220%1h102.31+9.791%$19K$11K30xas long as short