Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.039%

Price spread now: Bullet against GRVT+0.065%66s7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.285% of the position

Long on GRVT Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.065%, 7d avg −0.003%

Together, before fees+0.003%+ Points / potential airdropGRVT: Active · farm board$0 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 Bullet is 0.068% dearer against GRVT than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.003%. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CL_USDT_Perp	89.798	−0.0100	get 0.0050% / 4h	1h 29m	$61K	$643K	25x
Short	Bullet WTIOIL-USD	89.856	0	get 0.0000% / 1h	29m 48s	$16K	$236K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.065%Rate

Funding earned: $21
Price spread: +0.065% → −0.003%: $6.84
Slippage, 4 orders: −$11.46
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$0.62
Costs to cover: 0.285%
Break-even: 7.2 days

Slippage from GRVT: live order book, 16 min ago; Bullet: live order book, 17 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, 16 min ago	1.12 bp	10.0 bp −$10	13.6 bp −$136	doesn't fit	doesn't fit
Sell Bullet live order book, 17 min ago	0.56 bp	6.7 bp −$7	18.2 bp −$182	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	89.836	+0.043%	$316K	$1.8M	25x	as long as short
Aster CLUSD1	−0.0105%	4h	89.930	+0.148%	$24.4M	$72.5M	20x	as long as short
GRVT CL_USDT_Perplong	−0.0100%	4h	89.798	long leg	$61K	$643K	25x
Bitget CLUSDT	−0.0096%	4h	89.862	+0.072%	$40.9M	$56.0M	100x	as long as short
Aftermath Perps WTIUSD	−0.0087%	1h	89.818	+0.022%	$1K	$26K	5x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0084%	1h	89.840	+0.047%	$39K	$652K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0060%	1h	89.760	−0.042%	$3.4M	$6.3M	20x	as long as short
Binance CLUSDT	−0.0059%	4h	89.890	+0.103%	$241.2M	$1.21B	100x	as long as short
tradeXYZ xyz:CL	−0.0056%	1h	89.921	+0.138%	$166.5M	$241.2M	20x	as long as short
edgeX CLUSDC	−0.0045%	4h	89.890	+0.103%	$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
Gate CL_USDT	−0.0043%	8h	89.830	+0.036%	$23.2M	$55.0M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	89.650	−0.164%	$409K	$1.4M	15x	as long as short
Variational Omni CL	−0.0034%	4h	89.864	+0.074%	$12.7M	$11.2M	—	as long as short
Nado WTI-PERP	−0.0029%	1h	89.892	+0.105%	$877K	$688K	10x	as long as short
QFEX CL-USD	−0.0025%	1h	89.830	+0.036%	$2.2M	$2.6M	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.560	−0.264%	$609	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.879	+0.091%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.900	+0.114%	$27.8M	$109.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	89.880	+0.092%	$40.3M	$134.5M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	89.995	+0.220%	$2.8M	$3.1M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	89.940	+0.159%	$33K	$39K	20x	as long as short
Bullet WTIOIL-USDshort	0.0000%	1h	89.856	+0.065%	$16K	$236K	10x
Extended WTI-USD	+0.0008%	1h	89.900	+0.114%	$1.4M	$14.1M	10x	as long as short
Paradex CL-USD-PERP	+0.0023%	8h	89.803	+0.006%	$15K	$458	5x	as long as short
Lighter WTI	+0.0032%	1h	89.869	+0.080%	$10.6M	$10.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	89.940	+0.159%	$694K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.830	+0.036%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.792	−0.006%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.856	+0.065%	$2.0M	$83K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.819	+0.024%	$301K	$739K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.878	+0.090%	$6.9M	$3.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.960	+0.181%	$52K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.826	+0.032%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0164% / S +0.0005%	1h	89.865	+0.075%	$75K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.378%	$16K	$5K	30x	as long as short
BloFin CL-USDT	+0.0239%	4h	89.880	+0.092%	$3.8M	$1.1M	50x	as long as short