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

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0205%/8h= −22.5% APRnext payment $0.26 per $10,000 · paid last 24h −0.085%
Price spread now: dYdX against GMX+0.086%7-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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. dYdX is 0.086% dearer against GMX than usual: you sell high and buy low (spread +0.086% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 33 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX WTIOIL/USD [ETH-USDC]92.195L +0.0205% / S −0.0130%pay 0.0026% / 1h22m 01s$77K111x
ShortdYdX WTI-USD92.2740get 0.0000% / 1h22m 01s$8K$3K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against GMX. 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
−$43.08
Price spread: +0.086% → 0.000%
$8.59
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$56.49
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; dYdX: 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 GMX no order-book sample
Sell dYdX no order-book sample
GMX and 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
Kraken Futures PF_WTIOILUSD−0.0449%1h92.239+0.048%$273K$1.2M25xas long as short
GRVT CL_USDT_Perp−0.0316%4h92.230+0.038%$58K$702K25xas long as short
Aster CLUSD1−0.0269%4h92.210+0.016%$24.0M$77.4M20xas long as short
Binance CLUSDT−0.0184%4h92.200+0.005%$244.7M$1.09B100xas long as short
Variational Omni CL−0.0162%4h92.224+0.032%$13.4M$12.5Mas long as short
Nado WTI-PERP−0.0141%1h92.235+0.043%$925K$737K10xas long as short
Lighter WTI−0.0080%1h92.176−0.021%$11.2M$10.9M20xas long as short
Paradex CL-USD-PERP−0.0066%8h92.169−0.028%$15K$3675xas long as short
QFEX CL-USD−0.0054%1h92.210+0.016%$2.4M$2.3M10xas long as short
tradeXYZ xyz:CL−0.0053%1h92.197+0.002%$186.4M$275.0M20xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps WTI-USD.P−0.0052%1h92.190−0.005%$3.5M$6.3M20xas long as short
Gate CL_USDT−0.0031%8h92.120−0.081%$21.3M$58.0M100xas long as short
Pacifica CL−0.0020%1h92.191−0.005%$333K$576K10xas long as short
dYdX WTI-USDshort0.0000%1h92.274+0.086%$8K$3K5x
Bybit CLUSDT0.0000%8h92.1950.000%$25.9M$94.2M150xas long as short
OKX CL-USDT-SWAP0.0000%4h92.180−0.016%$43.0M$112.9M50xas long as short
RISEx CL/USDC0.0000%1h92.307+0.122%$3.3M$2.7M20xas long as short
Bitget CLUSDT0.0000%4h92.167−0.030%$42.0M$51.7M100xas long as short
Phoenix WTIOIL0.0000%1h92.300+0.114%$37K$101K20xas long as short
Bullet WTIOIL-USD0.0000%1h92.196+0.001%$19K$241K10xas long as short
Deribit WTIOIL_USDC-PERPETUAL0.0000%1h92.220+0.027%$96K$189K15xas long as short
Coinbase International WTIOIL-PERP-INTX0.0000%1h92.030−0.179%$399K$963K15xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h91.747−0.486%$5K150xas long as short
edgeX CLUSDC+0.0016%4h92.258+0.069%$530K$325K30xas long as short
Extended WTI-USD+0.0032%1h92.225+0.033%$2.0M$26.7M10xas long as short
StandX CL-USD+0.0040%1h92.210+0.016%$721K$3.1M40xas long as short
Vest CL-PERP+0.0046%1h92.230+0.038%$308K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h92.193−0.002%$1.6M$1.4M20xas long as short
SoDEX CL-USD+0.0050%1h92.186−0.010%$2.0M$39K20xas long as short
KuCoin CLUSDTM+0.0100%4h92.204+0.010%$7.1M$2.1M50xas long as short
ApeX Omni CLUSDT+0.0100%1h92.320+0.136%$56K$266K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h92.175−0.022%$4K10xas long as short
GMX WTIOIL/USD [ETH-USDC]longL +0.0205% / S −0.0130%1h92.195long leg$77K111x
Injective WTI/USDC PERP+0.0220%1h101.18+9.747%$19K$11K30xas long as short
BloFin CL-USDT+0.0240%4h92.210+0.016%$4.0M$1.4M50xas long as short
Aftermath Perps WTIUSD+0.0299%1h92.207+0.013%$2K$29K5xas long as short