Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0478%/8h= +52.3% APRpaid last 24h +0.030%

Price spread now: Pacifica against GRVT+0.120%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on GRVT Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.224%+$22 on $10k

Price spread, last 3 days (all we have)−0.132%−$13 · spread now +0.120%, 7d avg −0.038%

Together, before fees+0.092%+ Points / potential airdropGRVT: Active · Pacifica: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Pacifica is 0.157% dearer against GRVT than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.038%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.224% in total (about 11.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CL_USDT_Perp	92.289	−0.0378	get 0.0189% / 4h	3h 39m	$58K	$693K	25x
Short	Pacifica CL	92.400	0.0100	get 0.0013% / 1h	39m 30s	$354K	$596K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.120%Rate

Funding earned: $100.38
Price spread: +0.120% → −0.038%: $15.74
Slippage, 4 orders: −$8.6
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $90.53
Costs to cover: 0.256%
Break-even: 0.7 days

Slippage from GRVT: live order book, 33 min ago; Pacifica: live order book, 34 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, 33 min ago	0.54 bp	7.7 bp −$8	10.4 bp −$104	doesn't fit	doesn't fit
Sell Pacifica live order book, 34 min ago	0.05 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit

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
GRVT CL_USDT_Perplong	−0.0378%	4h	92.289	long leg	$58K	$693K	25x
Aster CLUSD1	−0.0323%	4h	92.420	+0.142%	$24.0M	$81.2M	20x	as long as short
Binance CLUSDT	−0.0259%	4h	92.410	+0.131%	$245.0M	$1.08B	100x	as long as short
Variational Omni CL	−0.0247%	4h	92.351	+0.067%	$13.2M	$12.1M	—	as long as short
Gate CL_USDT	−0.0225%	8h	92.330	+0.044%	$21.3M	$54.7M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.418	+0.140%	$274K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0094%	1h	92.452	+0.177%	$927K	$731K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0075%	1h	92.400	+0.120%	$96K	$189K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0055%	1h	92.360	+0.077%	$3.5M	$6.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.281%	$399K	$960K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.380	+0.099%	$2.4M	$2.2M	10x	as long as short
tradeXYZ xyz:CL	−0.0030%	1h	92.410	+0.131%	$186.5M	$256.5M	20x	as long as short
Paradex CL-USD-PERP	−0.0022%	8h	92.377	+0.096%	$15K	$367	5x	as long as short
Lighter WTI	0.0000%	1h	92.406	+0.127%	$11.2M	$10.0M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.403	+0.123%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.420	+0.142%	$26.1M	$93.2M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.390	+0.109%	$42.8M	$111.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.523	+0.254%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.403	+0.124%	$42.1M	$51.1M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.380	+0.099%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.403	+0.123%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.955	−0.362%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0032%	4h	92.370	+0.088%	$531K	$299K	30x	as long as short
Extended WTI-USD	+0.0032%	1h	92.440	+0.164%	$2.3M	$27.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.350	+0.066%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.430	+0.153%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.413	+0.134%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.385	+0.104%	$2.0M	$39K	20x	as long as short
Pacifica CLshort	+0.0100%	1h	92.400	+0.120%	$354K	$596K	10x
KuCoin CLUSDTM	+0.0100%	4h	92.424	+0.146%	$7.2M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.380	+0.099%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.351	+0.067%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.405	+0.126%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.38	+9.853%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.330	+0.044%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0328%	1h	92.343	+0.059%	$2K	$28K	5x	as long as short