Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.009%

Price spread now: StandX against GRVT+0.044%62s7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.346% of the position

Long on GRVT Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.231%+$23 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now +0.044%, 7d avg −0.032%

Together, before fees+0.217%+ Points / potential airdropGRVT: Active · StandX: Active · farm board+$22 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 StandX is 0.076% dearer against GRVT than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.032%. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT CL_USDT_Perp	91.879	0	get 0.0000% / 4h	2h 09m	$58K	$774K	25x
Short	StandX CL-USD	91.920	0.0040	get 0.0005% / 1h	9m 49s	$725K	$3.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.044%Rate

Funding earned: $8.4
Price spread: +0.044% → −0.032%: $7.61
Slippage, 4 orders: −$17.6
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee StandX: 4 bp × 2 orders: −$8
Net: −$18.59
Costs to cover: 0.346%
Break-even: 22.5 days

Slippage from GRVT: live order book, 13 min ago; StandX: 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, 13 min ago	1.09 bp	8.3 bp −$8	12.0 bp −$120	doesn't fit	doesn't fit
Sell StandX live order book, 4 min ago	5.44 bp	9.4 bp −$9	10.3 bp −$103	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
QFEX CL-USD	−0.0019%	1h	91.880	+0.001%	$2.4M	$2.8M	10x	as long as short
Aster CLUSD1	0.0000%	4h	91.958	+0.085%	$24.5M	$77.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.854	−0.028%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.870	−0.010%	$246.1M	$1.14B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.868	−0.012%	$25.1M	$100.0M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.860	−0.021%	$42.9M	$116.5M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.810	−0.075%	$21.2M	$63.4M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.856	−0.025%	$42.1M	$67.5M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.913	+0.036%	$13.6M	$16.1M	—	as long as short
GRVT CL_USDT_Perplong	0.0000%	4h	91.879	long leg	$58K	$774K	25x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet WTIOIL-USD	0.0000%	1h	91.869	−0.011%	$17K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.890	+0.012%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	+0.0002%	1h	91.900	+0.023%	$2K	$31K	5x	as long as short
edgeX CLUSDC	+0.0004%	4h	91.930	+0.055%	$529K	$343K	30x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.990	+0.121%	$33K	$99K	20x	as long as short
Paradex CL-USD-PERP	+0.0024%	8h	91.887	+0.009%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	91.845	−0.037%	$11.0M	$12.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	91.967	+0.096%	$2.0M	$29.6M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	91.880	+0.001%	$17K	$18K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	91.878	−0.002%	$257K	$1.3M	25x	as long as short
StandX CL-USDshort	+0.0040%	1h	91.920	+0.044%	$725K	$3.1M	40x
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.219%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	+0.153%	—	$243K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	91.874	−0.006%	$182.4M	$289.7M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.882	+0.003%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.864	−0.017%	$2.0M	$39K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.860	−0.021%	$3.5M	$6.5M	20x	as long as short
Pacifica CL	+0.0100%	1h	91.882	+0.003%	$334K	$575K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.873	−0.007%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.930	+0.055%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.863	−0.018%	$4K	—	10x	as long as short
Nado WTI-PERP	+0.0190%	1h	91.863	−0.017%	$880K	$788K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	91.865	−0.016%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.880	+0.001%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.000	+0.132%	$3.2M	$2.7M	20x	as long as short