Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.031%

Price spread now: ApeX Omni against GRVT+0.055%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$610.613% of the position

Long on GRVT Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.386%+$39 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.055%, 7d avg −0.009%

Together, before fees+0.323%+ Points / potential airdropGRVT: Active · farm board+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.064% dearer against GRVT than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CL_USDT_Perp	91.879	0	get 0.0000% / 4h	2h 11m	$58K	$774K	25x
Short	ApeX Omni CLUSDT	91.930	0.0100	get 0.0013% / 1h	11m 27s	$55K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GRVT. 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 GRVTbpFee ApeX OmnibpOrdersPrice spread, now +0.055%Rate

Funding earned: $21
Price spread: +0.055% → −0.009%: $6.44
Slippage, 4 orders: −$42.28
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$33.84
Costs to cover: 0.613%
Break-even: 18.3 days

Slippage from GRVT: live order book, 11 min ago; ApeX Omni: live order book, 10 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 GRVT live order book, 11 min ago	1.09 bp	8.3 bp −$8	12.0 bp −$120	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 10 min ago	0.54 bp	35.9 bp −$36	209.5 bp −$2,095	doesn't fit	doesn't fit

CL on 35 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
QFEX CL-USD	−0.0019%	1h	91.900	+0.023%	$2.4M	$2.8M	10x	as long as short
Aster CLUSD1	0.0000%	4h	91.955	+0.083%	$24.5M	$77.2M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.854	−0.028%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.923	+0.047%	$246.2M	$1.14B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.920	+0.044%	$25.1M	$100.0M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.900	+0.023%	$42.9M	$116.6M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.840	−0.043%	$21.2M	$63.4M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.895	+0.017%	$42.1M	$67.5M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.911	+0.034%	$13.6M	$16.2M	—	as long as short
GRVT CL_USDT_Perplong	0.0000%	4h	91.879	long leg	$58K	$774K	25x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet WTIOIL-USD	0.0000%	1h	91.916	+0.040%	$17K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.910	+0.033%	$95K	$267K	15x	as long as short
Aftermath Perps WTIUSD	+0.0002%	1h	91.910	+0.034%	$2K	$31K	5x	as long as short
edgeX CLUSDC	+0.0004%	4h	91.930	+0.055%	$529K	$343K	30x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.990	+0.121%	$33K	$99K	20x	as long as short
Paradex CL-USD-PERP	+0.0028%	8h	91.895	+0.017%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	91.854	−0.027%	$11.0M	$12.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	91.972	+0.101%	$2.0M	$29.6M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	91.880	+0.001%	$17K	$18K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	91.910	+0.033%	$257K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	91.910	+0.033%	$725K	$3.1M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.219%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	+0.153%	—	$243K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	91.928	+0.053%	$182.6M	$296.6M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.910	+0.033%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.889	+0.011%	$2.0M	$39K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.890	+0.012%	$3.5M	$6.5M	20x	as long as short
Pacifica CL	+0.0100%	1h	91.903	+0.026%	$334K	$575K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.894	+0.016%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	91.930	+0.055%	$55K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	91.873	−0.007%	$4K	—	10x	as long as short
Nado WTI-PERP	+0.0191%	1h	91.902	+0.024%	$881K	$788K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	91.885	+0.006%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.900	+0.023%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.026	+0.159%	$3.2M	$2.7M	20x	as long as short