Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0205%/8h= +22.4% APRpaid last 24h +0.022%

Price spread now: Ondo Perps against GRVT+0.011%7-day average −0.047% · you sell dearer than you buy

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

Long on GRVT Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.297%+$30 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.011%, 7d avg −0.047%

Together, before fees+0.235%+ Points / potential airdropGRVT: Active · Ondo Perps: Active · farm board+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Ondo Perps is 0.058% dearer against GRVT than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CL_USDT_Perp	93.460	−0.0288	get 0.0144% / 4h	2h 13m	$58K	$629K	25x
Short	Ondo Perps WTI-USD.P	93.470	−0.0083	pay 0.0010% / 1h	13m 01s	$3.5M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now +0.011%Rate

Funding earned: $43.01
Price spread: +0.011% → −0.047%: $5.76
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $34.77
Costs to cover: 0.140%
Break-even: 1.3 days

Slippage unknown: GRVT: live order book, 35 min ago; Ondo Perps: 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, 35 min ago	0.54 bp	10.7 bp −$11	13.8 bp −$138	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Deribit WTIOIL_USDC-PERPETUAL	−0.0391%	1h	93.510	+0.053%	$197K	$377K	15x	as long as short
GRVT CL_USDT_Perplong	−0.0288%	4h	93.460	long leg	$58K	$629K	25x
Aster CLUSD1	−0.0287%	4h	93.550	+0.096%	$24.4M	$64.8M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0203%	1h	93.533	+0.079%	$286K	$959K	25x	as long as short
Binance CLUSDT	−0.0180%	4h	93.529	+0.073%	$246.3M	$932.8M	100x	as long as short
Variational Omni CL	−0.0170%	4h	93.440	−0.022%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0154%	1h	93.473	+0.014%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0126%	4h	93.517	+0.061%	$42.2M	$42.7M	100x	as long as short
Nado WTI-PERP	−0.0122%	1h	93.566	+0.113%	$968K	$614K	10x	as long as short
Ondo Perps WTI-USD.Pshort	−0.0083%	1h	93.470	+0.011%	$3.5M	$5.4M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0076%	8h	93.470	+0.011%	$22.0M	$50.1M	100x	as long as short
tradeXYZ xyz:CL	−0.0072%	1h	93.515	+0.059%	$185.1M	$213.6M	20x	as long as short
OKX CL-USDT-SWAP	−0.0045%	4h	93.540	+0.086%	$42.7M	$102.9M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	+0.043%	$404K	$931K	15x	as long as short
edgeX CLUSDC	−0.0040%	4h	93.447	−0.014%	$525K	$307K	30x	as long as short
QFEX CL-USD	−0.0032%	1h	93.500	+0.043%	$2.3M	$2.5M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	93.495	+0.037%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.540	+0.086%	$27.3M	$79.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.576	+0.124%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.500	+0.043%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.506	+0.049%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.054	−0.434%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	93.492	+0.034%	$16K	$367	5x	as long as short
Lighter WTI	+0.0016%	1h	93.527	+0.072%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.530	+0.075%	$2.0M	$16.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.480	+0.021%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.500	+0.043%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.516	+0.060%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.502	+0.045%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.522	+0.066%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0086%	4h	93.534	+0.079%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.460	0.000%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.505	+0.048%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0194%	4h	93.480	+0.021%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.828%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0239% / S −0.0172%	1h	93.535	+0.080%	$84K	—	111x	as long as short