Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h +0.016%

Price spread now: SoDEX against GRVT+0.005%7-day average −0.031% · 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−$48as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on GRVT Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.058%+$6 on $10k

Price spread, last 3 days (all we have)−0.146%−$15 · spread now +0.005%, 7d avg −0.031%

Together, before fees−0.088%+ Points / potential airdropGRVT: Active · farm board−$9 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 SoDEX is 0.036% dearer against GRVT than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.031%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.058% in total (about 6.8% 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	91.990	−0.0182	get 0.0091% / 4h	1h 15m	$58K	$715K	25x
Short	SoDEX CL-USD	91.995	0.0050	get 0.0006% / 1h	15m 08s	$2.0M	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.005%Rate

Funding earned: $48.72
Price spread: +0.005% → −0.031%: $3.63
Slippage, 4 orders: −$34.78
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $0.57
Costs to cover: 0.518%
Break-even: 6.9 days

Slippage from GRVT: live order book, 3 min ago; SoDEX: live order book, 4 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, 3 min ago	0.54 bp	8.2 bp −$8	11.9 bp −$119	doesn't fit	doesn't fit
Sell SoDEX live order book, 4 min ago	0.54 bp	18.7 bp −$19	83.4 bp −$834	doesn't fit	doesn't fit

CL on 35 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	−0.0296%	1h	91.971	−0.021%	$11.1M	$11.4M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.020	+0.033%	$95K	$208K	15x	as long as short
GRVT CL_USDT_Perplong	−0.0182%	4h	91.990	long leg	$58K	$715K	25x
Nado WTI-PERP	−0.0167%	1h	92.073	+0.090%	$923K	$748K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0166%	1h	91.960	−0.033%	$3.5M	$6.4M	20x	as long as short
Aftermath Perps WTIUSD	−0.0148%	1h	92.036	+0.050%	$2K	$30K	5x	as long as short
tradeXYZ xyz:CL	−0.0143%	1h	92.011	+0.023%	$185.4M	$280.1M	20x	as long as short
Bullet WTIOIL-USD	−0.0120%	1h	92.002	+0.013%	$18K	$240K	10x	as long as short
Aster CLUSD1	−0.0119%	4h	92.020	+0.033%	$23.9M	$78.0M	20x	as long as short
Paradex CL-USD-PERP	−0.0107%	8h	91.982	−0.008%	$15K	$367	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0024%	4h	91.990	0.000%	$245.3M	$1.12B	100x	as long as short
Gate CL_USDT	−0.0004%	8h	91.940	−0.054%	$21.2M	$59.4M	100x	as long as short
Polymarket Perps WTIOIL-USD	−0.0003%	1h	91.999	+0.010%	$1.6M	$1.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.128%	$8K	$3K	5x	as long as short
Extended WTI-USD	0.0000%	1h	92.065	+0.082%	$2.0M	$28.8M	10x	as long as short
Bybit CLUSDT	0.0000%	8h	92.012	+0.024%	$25.4M	$97.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.980	−0.011%	$43.2M	$113.7M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.980	−0.011%	$2.4M	$2.6M	10x	as long as short
Bitget CLUSDT	0.0000%	4h	91.983	−0.008%	$42.0M	$52.5M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.974	−0.018%	$13.4M	$13.3M	—	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.070	+0.087%	$37K	$99K	20x	as long as short
StandX CL-USD	+0.0022%	1h	91.980	−0.011%	$723K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.100	+0.120%	—	$243K	10x	as long as short
SoDEX CL-USDshort	+0.0050%	1h	91.995	+0.005%	$2.0M	$39K	20x
edgeX CLUSDC	+0.0099%	4h	92.016	+0.028%	$529K	$342K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.007	+0.019%	$332K	$579K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.999	+0.010%	$7.2M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.050	+0.065%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.982	−0.009%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.020	+0.033%	$398K	$1.1M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.16	+9.967%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.995	+0.005%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.980	−0.011%	$4.0M	$1.4M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0450%	1h	92.018	+0.030%	$275K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.118	+0.139%	$3.2M	$2.7M	20x	as long as short