Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0118%/8h= +13.0% APRpaid last 24h +0.034%

Price spread now: Aevo against OKX−0.031%7-day average — · you buy dearer than you sell

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

Long on OKX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.031% cheaper against OKX than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CL-USDT-SWAP	93.670	−0.0014	get 0.0007% / 4h	1h 30m	$42.6M	$101.4M	50x
Short	Aevo WTIOIL-PERP	93.641	0.0104	get 0.0013% / 1h	30m 45s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now −0.031%Rate

Funding earned: $24.87
Price spread: −0.031% → 0.000%: −$3.12
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$4.25
Costs to cover: 0.260%
Break-even: 8.2 days

Slippage unknown: OKX: live order book, 3 min ago; Aevo: 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 OKX live order book, 3 min ago	0.53 bp	5.5 bp −$6	6.2 bp −$62	13.1 bp −$1,309	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.0390%	1h	93.630	−0.043%	$197K	$383K	15x	as long as short
Aster CLUSD1	−0.0269%	4h	93.690	+0.021%	$24.6M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0256%	4h	93.710	+0.043%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0146%	4h	93.668	−0.002%	$247.2M	$918.0M	100x	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.683	+0.014%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.669	−0.001%	$283K	$960K	25x	as long as short
Variational Omni CL	−0.0135%	4h	93.659	−0.012%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0111%	1h	93.620	−0.053%	$3.5M	$5.4M	20x	as long as short
Gate CL_USDT	−0.0105%	8h	93.590	−0.085%	$22.4M	$49.2M	100x	as long as short
Bitget CLUSDT	−0.0100%	4h	93.656	−0.015%	$42.3M	$42.1M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0096%	4h	93.693	+0.025%	$527K	$306K	30x	as long as short
tradeXYZ xyz:CL	−0.0070%	1h	93.656	−0.015%	$185.1M	$206.7M	20x	as long as short
Nado WTI-PERP	−0.0054%	1h	93.707	+0.040%	$966K	$621K	10x	as long as short
QFEX CL-USD	−0.0023%	1h	93.670	0.000%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAPlong	−0.0014%	4h	93.670	long leg	$42.6M	$101.4M	50x
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.181%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.733	+0.067%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.673	+0.003%	$27.0M	$79.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.718	+0.052%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.760	+0.096%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.677	+0.007%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.188	−0.515%	$5K	—	150x	as long as short
Lighter WTI	+0.0024%	1h	93.665	−0.005%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0027%	8h	93.642	−0.030%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.690	+0.021%	$2.0M	$15.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	+0.011%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.670	0.000%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.662	−0.009%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.659	−0.012%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.657	−0.014%	$333K	$575K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.683	+0.014%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.690	+0.021%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERPshort	+0.0104%	1h	93.641	−0.031%	$4K	—	10x
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.932%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0224%	4h	93.660	−0.011%	$4.0M	$977K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0246% / S −0.0179%	1h	93.675	+0.005%	$84K	—	111x	as long as short