Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.046%

Price spread now: GRVT against Extended−0.103%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.334%−$33 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.103%, 7d avg +0.022%

Together, before fees−0.253%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GRVT is 0.124% cheaper against Extended than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WTI-USD	89.890	0.0008	pay 0.0001% / 1h	30m 49s	$1.4M	$14.1M	10x
Short	GRVT CL_USDT_Perp	89.798	−0.0100	pay 0.0050% / 4h	1h 30m	$61K	$643K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$22.68
Price spread: −0.103% → +0.022%: −$12.44
Slippage, 4 orders: −$8.96
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$58.08
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; GRVT: live order book, 15 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, 1 min ago	0.06 bp	3.8 bp −$4	6.9 bp −$69	25.0 bp −$2,500	doesn't fit
Sell GRVT live order book, 15 min ago	1.12 bp	5.6 bp −$6	8.1 bp −$81	doesn't fit	doesn't fit

CL on 36 exchanges

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	−0.0340%	1h	89.914	+0.026%	$317K	$1.8M	25x	as long as short
Aster CLUSD1	−0.0107%	4h	89.910	+0.022%	$24.3M	$72.5M	20x	as long as short
GRVT CL_USDT_Perpshort	−0.0100%	4h	89.798	−0.103%	$61K	$643K	25x
Bitget CLUSDT	−0.0096%	4h	89.838	−0.058%	$40.9M	$56.1M	100x	as long as short
Aftermath Perps WTIUSD	−0.0086%	1h	89.842	−0.053%	$1K	$26K	5x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0084%	1h	89.890	0.000%	$39K	$652K	15x	as long as short
Binance CLUSDT	−0.0061%	4h	89.870	−0.022%	$241.2M	$1.21B	100x	as long as short
tradeXYZ xyz:CL	−0.0060%	1h	89.777	−0.126%	$166.2M	$241.1M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0055%	1h	89.910	+0.022%	$3.4M	$6.4M	20x	as long as short
edgeX CLUSDC	−0.0045%	4h	89.890	0.000%	$497K	$366K	30x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CL	−0.0044%	4h	89.822	−0.076%	$12.6M	$11.2M	—	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	89.650	−0.267%	$409K	$1.4M	15x	as long as short
Gate CL_USDT	−0.0034%	8h	89.820	−0.078%	$23.1M	$54.9M	100x	as long as short
Nado WTI-PERP	−0.0032%	1h	90.009	+0.132%	$878K	$688K	10x	as long as short
QFEX CL-USD	−0.0025%	1h	89.950	+0.067%	$2.2M	$2.6M	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.560	−0.367%	$609	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.890	0.000%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.870	−0.022%	$27.8M	$109.7M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	89.860	−0.033%	$40.3M	$134.3M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	89.995	+0.117%	$2.8M	$3.1M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	89.940	+0.056%	$33K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.925	+0.039%	$16K	$236K	10x	as long as short
Extended WTI-USDlong	+0.0008%	1h	89.890	long leg	$1.4M	$14.1M	10x
Paradex CL-USD-PERP	+0.0022%	8h	89.943	+0.059%	$15K	$458	5x	as long as short
Lighter WTI	+0.0032%	1h	89.912	+0.024%	$10.7M	$10.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	89.800	−0.100%	$693K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.920	+0.033%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.932	+0.047%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.897	+0.008%	$2.0M	$83K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.961	+0.078%	$301K	$739K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.890	0.000%	$6.9M	$3.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.960	+0.078%	$52K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.864	−0.029%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0164% / S +0.0005%	1h	89.885	−0.006%	$75K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.275%	$16K	$5K	30x	as long as short
BloFin CL-USDT	+0.0239%	4h	89.880	−0.011%	$3.8M	$1.1M	50x	as long as short