Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.016%

Price spread now: Polymarket Perps against GRVT+0.072%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs+$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on GRVT Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.340%+$34 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now +0.072%, 7d avg +0.021%

Together, before fees+0.317%+ Points / potential airdropGRVT: Active · farm board+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.052% dearer against GRVT than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CL_USDT_Perp	91.841	−0.0064	get 0.0032% / 4h	1h 31m	$58K	$726K	25x
Short	Polymarket Perps WTIOIL-USD	91.907	−0.0023	pay 0.0003% / 1h	31m 01s	$1.6M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.072%Rate

Funding earned: $8.65
Price spread: +0.072% → +0.021%: $5.15
Slippage, 4 orders: −$10.87
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$14.06
Costs to cover: 0.279%
Break-even: 18.4 days

Slippage from GRVT: live order book, 52 min ago; Polymarket Perps: live order book, 2 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, 52 min ago	1.09 bp	8.3 bp −$8	12.0 bp −$120	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	2.12 bp	7.3 bp −$7	9.0 bp −$90	11.2 bp −$1,116	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
Lighter WTI	−0.0320%	1h	91.884	+0.047%	$11.0M	$11.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0294%	1h	91.930	+0.097%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	−0.0208%	1h	91.886	+0.049%	$2K	$30K	5x	as long as short
Nado WTI-PERP	−0.0190%	1h	91.980	+0.151%	$922K	$750K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0186%	1h	91.840	−0.001%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0163%	1h	91.937	+0.105%	$185.0M	$284.0M	20x	as long as short
Bullet WTIOIL-USD	−0.0150%	1h	91.906	+0.071%	$19K	$240K	10x	as long as short
Paradex CL-USD-PERP	−0.0099%	8h	91.887	+0.050%	$15K	$367	5x	as long as short
GRVT CL_USDT_Perplong	−0.0064%	4h	91.841	long leg	$58K	$726K	25x
Aster CLUSD1	−0.0059%	4h	91.934	+0.101%	$23.9M	$78.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WTI-USD	−0.0040%	1h	91.980	+0.152%	$2.0M	$29.1M	10x	as long as short
Polymarket Perps WTIOIL-USDshort	−0.0023%	1h	91.907	+0.072%	$1.6M	$1.4M	20x
dYdX WTI-USD	0.0000%	1h	91.939	+0.107%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.911	+0.076%	$245.4M	$1.12B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.933	+0.100%	$25.3M	$97.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.900	+0.065%	$43.1M	$114.1M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.880	+0.043%	$2.4M	$2.5M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.860	+0.021%	$21.2M	$59.1M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.909	+0.074%	$42.0M	$56.4M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.834	−0.007%	$13.4M	$13.6M	—	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.510	−0.360%	$4K	—	150x	as long as short
ApeX Omni CLUSDT	+0.0003%	1h	91.850	+0.010%	$55K	$266K	50x	as long as short
StandX CL-USD	+0.0008%	1h	91.890	+0.054%	$722K	$3.1M	40x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.920	+0.086%	$37K	$99K	20x	as long as short
edgeX CLUSDC	+0.0040%	4h	91.919	+0.086%	$529K	$342K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.010	+0.184%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.905	+0.070%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	91.909	+0.075%	$330K	$575K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.926	+0.093%	$7.3M	$2.1M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.880	+0.043%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.720	−0.131%	$384K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.965%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.905	+0.070%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.900	+0.065%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0451%	1h	91.916	+0.082%	$259K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.025	+0.200%	$3.2M	$2.8M	20x	as long as short