Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0179%/8h= +19.6% APRpaid last 24h +0.064%

Price spread now: BloFin against Extended0.000%94s7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.207% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.174%+$17 on $10k

Price spread, last 4 days (all we have)−0.293%−$29 · spread now 0.000%, 7d avg −0.008%

Together, before fees−0.119%+ Points / potential airdropExtended: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 94 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	Extended WTI-USD	93.200	−0.0008	get 0.0001% / 1h	41m 34s	$2.1M	$21.2M	10x
Short	BloFin CL-USDT	93.200	0.0171	get 0.0086% / 4h	41m 34s	$4.0M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $37.61
Price spread: 0.000% → −0.008%: $0.78
Slippage, 4 orders: −$3.69
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $17.7
Costs to cover: 0.207%
Break-even: 3.7 days

Slippage from Extended: live order book, 3 min ago; BloFin: 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 Extended live order book, 3 min ago	0.16 bp	3.9 bp −$4	6.1 bp −$61	23.6 bp −$2,363	doesn't fit
Sell BloFin live order book, 2 min ago	0.54 bp	6.5 bp −$7	7.7 bp −$77	12.6 bp −$1,261	25.5 bp −$12.8K

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	−0.0608%	1h	93.140	−0.064%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0248%	4h	93.170	−0.032%	$24.0M	$67.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0244%	4h	93.140	−0.064%	$54K	$635K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0195%	1h	93.203	+0.003%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0192%	4h	93.159	−0.044%	$245.0M	$951.0M	100x	as long as short
Variational Omni CL	−0.0184%	4h	93.098	−0.110%	$13.5M	$11.0M	—	as long as short
tradeXYZ xyz:CL	−0.0109%	1h	93.152	−0.052%	$184.9M	$216.3M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0102%	1h	93.100	−0.107%	$3.5M	$5.6M	20x	as long as short
Aftermath Perps WTIUSD	−0.0092%	1h	93.179	−0.022%	$2K	$27K	5x	as long as short
Bitget CLUSDT	−0.0080%	4h	93.156	−0.047%	$42.0M	$43.8M	100x	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	−0.0067%	4h	93.170	−0.032%	$42.6M	$102.9M	50x	as long as short
Gate CL_USDT	−0.0049%	8h	93.120	−0.086%	$20.9M	$51.4M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.483%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	93.140	−0.064%	$2.5M	$1.7M	10x	as long as short
edgeX CLUSDC	−0.0041%	4h	93.173	−0.029%	$530K	$299K	30x	as long as short
Nado WTI-PERP	−0.0029%	1h	93.211	+0.012%	$963K	$653K	10x	as long as short
Lighter WTI	−0.0008%	1h	93.155	−0.048%	$11.2M	$10.5M	20x	as long as short
Extended WTI-USDlong	−0.0008%	1h	93.200	long leg	$2.1M	$21.2M	10x
KuCoin CLUSDTM	−0.0002%	4h	93.170	−0.032%	$7.1M	$2.4M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	93.188	−0.012%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.181	−0.020%	$26.8M	$80.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.234	+0.036%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.200	0.000%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.187	−0.014%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.745	−0.488%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	93.147	−0.057%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	93.160	−0.043%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.190	−0.011%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.175	−0.027%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.189	−0.012%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.159	−0.044%	$329K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.210	+0.011%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.168	−0.034%	$4K	—	10x	as long as short
BloFin CL-USDTshort	+0.0171%	4h	93.200	0.000%	$4.0M	$1.1M	50x
GMX WTIOIL/USD [ETH-USDC]	L +0.0210% / S −0.0134%	1h	93.185	−0.016%	$79K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.31	+9.777%	$19K	$11K	30x	as long as short