Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0394%/8h= +43.1% APRpaid last 24h +0.043%

Price spread now: Vest against GRVT+0.032%7-day average −1.028% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.045%+$5 on $10k

Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.032%, 7d avg −1.028%

Together, before fees−0.104%+ Points / potential airdropGRVT: Active · Vest: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Vest is 1.060% dearer against GRVT than usual: you sell high and buy low: +$106 more if the spread goes back to its 7-day average of −1.028%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.045% in total (about 4.8% 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	93.320	−0.0348	get 0.0174% / 4h	2h 51m	$58K	$649K	25x
Short	Vest CL-PERP	93.350	0.0046	get 0.0006% / 1h	51m 15s	—	$313K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.032%Rate

Funding earned: $82.67
Price spread: +0.032% → −1.028%: $106.03
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Vest: 1 bp × 2 orders: −$2
Net: $177.71
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: GRVT: live order book, 62 min ago; Vest: no order-book sample. Net counts fees only.

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, 62 min ago	1.08 bp	8.6 bp −$9	12.2 bp −$122	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0714%	1h	93.310	−0.011%	$197K	$372K	15x	as long as short
GRVT CL_USDT_Perplong	−0.0348%	4h	93.320	long leg	$58K	$649K	25x
Aster CLUSD1	−0.0295%	4h	93.360	+0.043%	$24.3M	$66.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.348	+0.030%	$283K	$962K	25x	as long as short
Binance CLUSDT	−0.0197%	4h	93.345	+0.027%	$246.5M	$936.4M	100x	as long as short
Variational Omni CL	−0.0180%	4h	93.309	−0.012%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0161%	1h	93.300	−0.021%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0137%	1h	93.325	+0.006%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.336	+0.017%	$42.1M	$43.1M	100x	as long as short
Nado WTI-PERP	−0.0128%	1h	93.388	+0.073%	$967K	$621K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0079%	1h	93.339	+0.020%	$184.5M	$215.4M	20x	as long as short
Gate CL_USDT	−0.0074%	8h	93.280	−0.043%	$21.6M	$49.1M	100x	as long as short
OKX CL-USDT-SWAP	−0.0068%	4h	93.340	+0.021%	$42.6M	$102.5M	50x	as long as short
edgeX CLUSDC	−0.0065%	4h	93.310	−0.010%	$524K	$306K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.171%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.320	0.000%	$2.3M	$2.1M	10x	as long as short
Lighter WTI	−0.0016%	1h	93.332	+0.013%	$11.2M	$9.8M	20x	as long as short
Paradex CL-USD-PERP	−0.0012%	8h	93.322	+0.002%	$16K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	+0.010%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.355	+0.038%	$27.0M	$79.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.396	+0.081%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	+0.064%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.338	+0.019%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.895	−0.455%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.390	+0.075%	$2.0M	$18.0M	10x	as long as short
KuCoin CLUSDTM	+0.0032%	4h	93.352	+0.034%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.320	0.000%	$738K	$2.9M	40x	as long as short
Vest CL-PERPshort	+0.0046%	1h	93.350	+0.032%	—	$313K	10x
Pacifica CL	+0.0047%	1h	93.339	+0.020%	$331K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.334	+0.015%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.344	+0.026%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.330	+0.011%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.304	−0.017%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0173%	4h	93.300	−0.021%	$4.0M	$985K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+9.914%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0229% / S −0.0159%	1h	93.335	+0.016%	$82K	—	111x	as long as short