Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.014%

Price spread now: Vest against OKX+0.054%7-day average −0.874% · you sell dearer than you buy

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

Long on OKX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.036%+$4 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.054%, 7d avg −0.874%

Together, before fees+0.014%+ Points / potential airdropVest: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Vest is 0.928% dearer against OKX than usual: you sell high and buy low: +$93 more if the spread goes back to its 7-day average of −0.874%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CL-USDT-SWAP	92.840	−0.0005	get 0.0002% / 4h	1h 54m	$42.8M	$102.4M	50x
Short	Vest CL-PERP	92.890	0.0046	get 0.0006% / 1h	54m 53s	—	$310K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.054%Rate

Funding earned: $10.58
Price spread: +0.054% → −0.874%: $92.81
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: $91.39
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago	0.54 bp	5.5 bp −$6	6.5 bp −$65	12.1 bp −$1,213	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 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
Deribit WTIOIL_USDC-PERPETUAL	−0.0503%	1h	92.840	0.000%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0242%	4h	92.860	+0.022%	$23.9M	$71.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0210%	4h	92.871	+0.033%	$61K	$633K	25x	as long as short
Binance CLUSDT	−0.0209%	4h	92.840	0.000%	$244.6M	$962.1M	100x	as long as short
Variational Omni CL	−0.0203%	4h	92.860	+0.021%	$13.5M	$11.1M	—	as long as short
Nado WTI-PERP	−0.0101%	1h	92.905	+0.070%	$962K	$669K	10x	as long as short
Gate CL_USDT	−0.0095%	8h	92.790	−0.054%	$20.9M	$52.1M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0078%	1h	92.800	−0.043%	$3.5M	$5.6M	20x	as long as short
edgeX CLUSDC	−0.0056%	4h	92.883	+0.046%	$529K	$301K	30x	as long as short
tradeXYZ xyz:CL	−0.0053%	1h	92.856	+0.017%	$184.7M	$219.6M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.097%	$402K	$946K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.830	−0.011%	$2.5M	$1.7M	10x	as long as short
Aftermath Perps WTIUSD	−0.0013%	1h	92.896	+0.060%	$2K	$28K	5x	as long as short
OKX CL-USDT-SWAPlong	−0.0005%	4h	92.840	long leg	$42.8M	$102.4M	50x
dYdX WTI-USD	0.0000%	1h	92.909	+0.074%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.860	+0.022%	$26.9M	$81.2M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.847	+0.008%	$41.9M	$43.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.930	+0.097%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.859	+0.020%	$17K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.428	−0.444%	$5K	—	150x	as long as short
Lighter WTI	+0.0032%	1h	92.855	+0.016%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.900	+0.065%	$2.1M	$23.5M	10x	as long as short
Paradex CL-USD-PERP	+0.0035%	8h	92.839	−0.001%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.360	−0.517%	$726K	$2.9M	40x	as long as short
Vest CL-PERPshort	+0.0046%	1h	92.890	+0.054%	—	$310K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.846	+0.006%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.858	+0.019%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.957	+0.126%	$3.3M	$2.7M	20x	as long as short
KuCoin CLUSDTM	+0.0082%	4h	92.862	+0.024%	$7.3M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.859	+0.021%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.870	+0.032%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.834	−0.007%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.880	+0.043%	$273K	$882K	25x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.855	+0.016%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.15	+10.025%	$19K	$11K	30x	as long as short