Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.046%

Price spread now: RISEx against GRVT+0.121%7-day average +0.050% · 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−$15as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on GRVT Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.157%+$16 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.121%, 7d avg +0.050%

Together, before fees+0.040%+ Points / potential airdropGRVT: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and RISEx is 0.071% dearer against GRVT than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CL_USDT_Perp	92.942	−0.0244	get 0.0122% / 4h	15m 28s	$77K	$622K	25x
Short	RISEx CL/USDC	93.055	0	get 0.0000% / 1h	15m 28s	$3.0M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.121%Rate

Funding earned: $51.24
Price spread: +0.121% → +0.050%: $7.08
Slippage, 4 orders: −$6.96
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: $36.36
Costs to cover: 0.220%
Break-even: 2.0 days

Slippage from GRVT: live order book, 22 min ago; RISEx: live order book, 3 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, 22 min ago	0.54 bp	8.0 bp −$8	11.2 bp −$112	doesn't fit	doesn't fit
Sell RISEx live order book, 3 min ago	0.91 bp	3.9 bp −$4	4.6 bp −$46	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0503%	1h	92.950	+0.008%	$194K	$396K	15x	as long as short
Aster CLUSD1	−0.0274%	4h	93.040	+0.105%	$24.8M	$63.0M	20x	as long as short
GRVT CL_USDT_Perplong	−0.0244%	4h	92.942	long leg	$77K	$622K	25x
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	92.997	+0.059%	$275K	$929K	25x	as long as short
Binance CLUSDT	−0.0152%	4h	93.010	+0.073%	$246.9M	$922.1M	100x	as long as short
Variational Omni CL	−0.0143%	4h	92.971	+0.030%	$13.5M	$10.7M	—	as long as short
Gate CL_USDT	−0.0135%	8h	92.950	+0.008%	$23.0M	$50.2M	100x	as long as short
Bitget CLUSDT	−0.0116%	4h	93.001	+0.063%	$42.3M	$41.6M	100x	as long as short
Nado WTI-PERP	−0.0112%	1h	93.061	+0.128%	$953K	$617K	10x	as long as short
Aftermath Perps WTIUSD	−0.0099%	1h	92.998	+0.059%	$2K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0081%	4h	93.010	+0.073%	$42.7M	$102.8M	50x	as long as short
edgeX CLUSDC	−0.0079%	4h	92.903	−0.042%	$522K	$306K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.020	+0.083%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0020%	1h	93.011	+0.074%	$184.2M	$198.1M	20x	as long as short
Lighter WTI	−0.0016%	1h	93.002	+0.064%	$11.2M	$9.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.643%	$405K	$810K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0015%	1h	92.990	+0.051%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.993	+0.054%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.020	+0.083%	$26.8M	$79.3M	150x	as long as short
RISEx CL/USDCshort	0.0000%	1h	93.055	+0.121%	$3.0M	$2.8M	20x
Phoenix WTIOIL	0.0000%	1h	92.990	+0.051%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.986	+0.047%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.540	−0.433%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0003%	8h	92.995	+0.056%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.060	+0.126%	$1.7M	$15.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.030	+0.094%	$737K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.010	+0.073%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.010	+0.073%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.980	+0.040%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.032	+0.096%	$347K	$591K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.021	+0.084%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.020	+0.083%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.950	+0.008%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0157%	4h	92.890	−0.056%	$4.1M	$981K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.889%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0249% / S −0.0186%	1h	92.985	+0.046%	$79K	—	111x	as long as short