Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: StandX against Extended−0.120%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$230.234% of the position

Long on Extended Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days+0.090%+$9 · spread now −0.120%, 7d avg +0.005%

Together, before fees+0.045%+ Points / potential airdropExtended: Active · StandX: Active · farm board+$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: StandX is 0.125% cheaper against Extended than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WTI-USD	92.050	0.0016	pay 0.0002% / 1h	20m 25s	$2.0M	$28.9M	10x
Short	StandX CL-USD	91.940	0.0016	get 0.0002% / 1h	20m 25s	$723K	$3.0M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.120%Rate

Funding earned: −$0.05
Price spread: −0.120% → +0.005%: −$12.47
Slippage, 4 orders: −$10.4
Fee Extended: 2.5 bp × 2 orders: −$5
Fee StandX: 4 bp × 2 orders: −$8
Net: −$35.92
Costs to cover: 0.234%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; StandX: live order book, 4 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, 4 min ago	0.05 bp	2.7 bp −$3	4.4 bp −$44	20.4 bp −$2,043	doesn't fit
Sell StandX live order book, 4 min ago	4.89 bp	8.9 bp −$9	12.1 bp −$121	doesn't fit	doesn't fit

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
Lighter WTI	−0.0312%	1h	91.950	−0.109%	$11.0M	$11.3M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	91.980	−0.076%	$95K	$225K	15x	as long as short
Aftermath Perps WTIUSD	−0.0184%	1h	91.966	−0.091%	$2K	$30K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0173%	1h	91.950	−0.109%	$3.5M	$6.4M	20x	as long as short
Nado WTI-PERP	−0.0169%	1h	92.054	+0.004%	$923K	$747K	10x	as long as short
tradeXYZ xyz:CL	−0.0145%	1h	91.999	−0.055%	$185.1M	$279.8M	20x	as long as short
GRVT CL_USDT_Perp	−0.0144%	4h	91.880	−0.185%	$58K	$715K	25x	as long as short
Bullet WTIOIL-USD	−0.0128%	1h	91.970	−0.087%	$18K	$240K	10x	as long as short
Paradex CL-USD-PERP	−0.0105%	8h	91.962	−0.095%	$15K	$367	5x	as long as short
Aster CLUSD1	−0.0100%	4h	92.021	−0.031%	$23.9M	$78.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps WTIOIL-USD	−0.0007%	1h	91.985	−0.071%	$1.6M	$1.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.024	−0.029%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.980	−0.076%	$245.5M	$1.12B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.997	−0.058%	$25.4M	$97.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.970	−0.087%	$43.1M	$113.7M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.960	−0.098%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.930	−0.130%	$21.2M	$59.2M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.970	−0.087%	$42.0M	$53.5M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.874	−0.192%	$13.4M	$13.5M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.568	−0.524%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.960	−0.098%	$37K	$99K	20x	as long as short
StandX CL-USDshort	+0.0016%	1h	91.940	−0.120%	$723K	$3.0M	40x
Extended WTI-USDlong	+0.0016%	1h	92.050	long leg	$2.0M	$28.9M	10x
Vest CL-PERP	+0.0046%	1h	92.080	+0.033%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.965	−0.092%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0090%	4h	91.918	−0.144%	$529K	$341K	30x	as long as short
Pacifica CL	+0.0100%	1h	91.982	−0.073%	$332K	$579K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.997	−0.058%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.870	−0.196%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.946	−0.113%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.920	−0.141%	$397K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.715%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.975	−0.081%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.950	−0.109%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0450%	1h	91.982	−0.074%	$260K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.102	+0.056%	$3.2M	$2.7M	20x	as long as short