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−0.0165%/8h= −18.1% APRnext payment $0.21 per $10,000 · paid last 24h −0.057%
Price spread now: SoDEX against GMX−0.003%7-day average · you buy dearer than you sell
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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX WTIOIL/USD [ETH-USDC]93.015L +0.0215% / S −0.0143%pay 0.0027% / 1h16m 25s$81K111x
ShortSoDEX CL-USD93.0120.0050get 0.0006% / 1h16m 25s$2.1M$60K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
−$34.72
Price spread: −0.003% → 0.000%
−$0.32
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$55.04
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; SoDEX: live order book, 3 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 GMX no order-book sample
Sell SoDEX live order book, 3 min ago1.02 bp18.5 bp −$1896.3 bp −$963doesn't fitdoesn't fit
GMX: 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−0.0502%1h92.990−0.027%$198K$370K15xas long as short
Aster CLUSD1−0.0263%4h93.080+0.070%$24.0M$66.8M20xas long as short
GRVT CL_USDT_Perp−0.0240%4h93.027+0.013%$64K$648K25xas long as short
Kraken Futures PF_WTIOILUSD−0.0196%1h93.043+0.030%$274K$872K25xas long as short
Binance CLUSDT−0.0185%4h93.041+0.027%$244.6M$947.7M100xas long as short
Variational Omni CL−0.0178%4h93.048+0.035%$13.5M$10.9Mas long as short
Bitget CLUSDT−0.0116%4h93.040+0.027%$41.9M$43.7M100xas long as short
tradeXYZ xyz:CL−0.0108%1h93.031+0.017%$184.6M$214.5M20xas long as short
Aftermath Perps WTIUSD−0.0104%1h93.033+0.019%$2K$27K5xas long as short
Ondo Perps WTI-USD.P−0.0086%1h93.030+0.016%$3.5M$5.4M20xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX CL-USDT-SWAP−0.0054%4h93.060+0.048%$42.5M$102.7M50xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0048%1h92.750−0.285%$402K$944K15xas long as short
Gate CL_USDT−0.0046%8h93.000−0.016%$20.8M$52.0M100xas long as short
QFEX CL-USD−0.0043%1h93.020+0.005%$2.4M$1.7M10xas long as short
Nado WTI-PERP−0.0028%1h93.114+0.106%$963K$649K10xas long as short
KuCoin CLUSDTM−0.0022%4h93.049+0.037%$7.1M$2.4M50xas long as short
edgeX CLUSDC−0.0012%4h93.026+0.011%$530K$301K30xas long as short
Lighter WTI0.0000%1h93.064+0.053%$11.2M$10.6M20xas long as short
dYdX WTI-USD0.0000%1h93.113+0.106%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h93.060+0.048%$26.7M$80.3M150xas long as short
RISEx CL/USDC0.0000%1h93.113+0.106%$3.1M$2.9M20xas long as short
Phoenix WTIOIL0.0000%1h93.090+0.081%$37K$42K20xas long as short
Bullet WTIOIL-USD0.0000%1h93.046+0.033%$19K$241K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h92.601−0.445%$5K150xas long as short
Paradex CL-USD-PERP+0.0014%8h93.043+0.030%$16K$3675xas long as short
Extended WTI-USD+0.0032%1h93.100+0.091%$2.0M$20.5M10xas long as short
StandX CL-USD+0.0040%1h93.030+0.016%$735K$2.9M40xas long as short
Vest CL-PERP+0.0046%1h93.060+0.048%$310K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h93.047+0.034%$1.7M$1.3M20xas long as short
SoDEX CL-USDshort+0.0050%1h93.012−0.003%$2.1M$60K20x
Pacifica CL+0.0068%1h93.060+0.049%$330K$622K10xas long as short
ApeX Omni CLUSDT+0.0100%1h93.040+0.027%$56K$266K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h92.996−0.020%$4K10xas long as short
BloFin CL-USDT+0.0185%4h93.030+0.016%$4.0M$1.1M50xas long as short
GMX WTIOIL/USD [ETH-USDC]longL +0.0215% / S −0.0143%1h93.015long leg$81K111x
Injective WTI/USDC PERP+0.0220%1h102.25+9.930%$19K$11K30xas long as short