Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0114%/8h= +12.5% APRpaid last 24h +0.001%

Price spread now: dYdX against GRVT+0.057%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and dYdX is 0.057% dearer against GRVT than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CL_USDT_Perp	91.887	−0.0114	get 0.0057% / 4h	1h 25m	$58K	$726K	25x
Short	dYdX WTI-USD	91.939	0	get 0.0000% / 1h	25m 14s	$8K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.057%Rate

Funding earned: $23.94
Price spread: +0.057% → 0.000%: $5.73
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: $10.67
Costs to cover: 0.190%
Break-even: 3.9 days

Slippage unknown: GRVT: live order book, 58 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GRVT live order book, 58 min ago	1.09 bp	8.3 bp −$8	12.0 bp −$120	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter WTI	−0.0320%	1h	91.865	−0.023%	$11.0M	$11.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0294%	1h	91.910	+0.025%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	−0.0201%	1h	91.924	+0.040%	$2K	$30K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0181%	1h	91.880	−0.007%	$3.5M	$6.4M	20x	as long as short
Nado WTI-PERP	−0.0177%	1h	91.981	+0.102%	$923K	$748K	10x	as long as short
tradeXYZ xyz:CL	−0.0155%	1h	91.910	+0.025%	$184.9M	$284.1M	20x	as long as short
Bullet WTIOIL-USD	−0.0139%	1h	91.896	+0.010%	$19K	$240K	10x	as long as short
GRVT CL_USDT_Perplong	−0.0114%	4h	91.887	long leg	$58K	$726K	25x
Paradex CL-USD-PERP	−0.0106%	8h	91.892	+0.006%	$15K	$367	5x	as long as short
Aster CLUSD1	−0.0086%	4h	91.920	+0.037%	$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	−0.0016%	1h	91.898	+0.012%	$1.6M	$1.4M	20x	as long as short
Extended WTI-USD	−0.0008%	1h	91.950	+0.069%	$2.0M	$29.0M	10x	as long as short
StandX CL-USD	−0.0001%	1h	91.890	+0.004%	$722K	$3.1M	40x	as long as short
dYdX WTI-USDshort	0.0000%	1h	91.939	+0.057%	$8K	$3K	5x
Binance CLUSDT	0.0000%	4h	91.890	+0.004%	$245.4M	$1.12B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.920	+0.036%	$25.3M	$97.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.910	+0.025%	$43.1M	$113.9M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.890	+0.004%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.840	−0.051%	$21.2M	$59.1M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.888	+0.002%	$42.0M	$53.9M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.874	−0.014%	$13.4M	$13.5M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.487	−0.435%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.970	+0.091%	$37K	$99K	20x	as long as short
edgeX CLUSDC	+0.0013%	4h	91.933	+0.051%	$529K	$340K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.000	+0.123%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.895	+0.009%	$2.0M	$39K	20x	as long as short
ApeX Omni CLUSDT	+0.0065%	1h	91.870	−0.018%	$55K	$266K	50x	as long as short
Pacifica CL	+0.0100%	1h	91.911	+0.027%	$332K	$579K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.916	+0.032%	$7.3M	$2.1M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.874	−0.014%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.920	+0.036%	$397K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.910%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.885	−0.002%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.900	+0.015%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0451%	1h	91.913	+0.029%	$260K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.022	+0.147%	$3.2M	$2.8M	20x	as long as short