Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0178%/8h= −19.5% APRpaid last 24h −0.005%

Price spread now: Binance against Ondo Perps+0.065%7-day average +0.062% · you sell dearer than you buy

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

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 2 days (all we have)+0.011%+$1 · spread now +0.065%, 7d avg +0.062%

Together, before fees−0.179%+ Points / potential airdropOndo Perps: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.062%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps WTI-USD.P	92.100	−0.0054	get 0.0007% / 1h	56m 09s	$3.5M	$6.2M	20x
Short	Binance CLUSDT	92.160	−0.0231	pay 0.0116% / 4h	3h 56m	$244.2M	$1.09B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now +0.065%Rate

Funding earned: −$37.34
Price spread: +0.065% → +0.062%: $0.27
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$52.07
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 3 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	0.54 bp	5.5 bp −$6	6.2 bp −$62	9.8 bp −$982	25.8 bp −$12.9K

Ondo Perps: 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
GRVT CL_USDT_Perp	−0.0328%	4h	92.193	+0.101%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0303%	4h	92.170	+0.076%	$23.9M	$78.4M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0292%	1h	92.150	+0.054%	$96K	$189K	15x	as long as short
Binance CLUSDTshort	−0.0231%	4h	92.160	+0.065%	$244.2M	$1.09B	100x
Variational Omni CL	−0.0223%	4h	92.093	−0.008%	$13.2M	$12.7M	—	as long as short
Gate CL_USDT	−0.0133%	8h	92.090	−0.011%	$21.3M	$54.1M	100x	as long as short
Nado WTI-PERP	−0.0128%	1h	92.218	+0.129%	$923K	$732K	10x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.161	+0.066%	$273K	$1.2M	25x	as long as short
Bybit CLUSDT	−0.0069%	8h	92.160	+0.065%	$25.9M	$94.1M	150x	as long as short
Ondo Perps WTI-USD.Plong	−0.0054%	1h	92.100	long leg	$3.5M	$6.2M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter WTI	−0.0040%	1h	92.143	+0.047%	$11.2M	$9.9M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.076%	$399K	$962K	15x	as long as short
QFEX CL-USD	−0.0040%	1h	92.150	+0.054%	$2.4M	$2.3M	10x	as long as short
tradeXYZ xyz:CL	−0.0038%	1h	92.178	+0.085%	$185.8M	$267.7M	20x	as long as short
Paradex CL-USD-PERP	−0.0030%	8h	92.106	+0.007%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.160	+0.065%	$8K	$3K	5x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.130	+0.033%	$42.9M	$111.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.280	+0.195%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.149	+0.053%	$41.9M	$51.5M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.280	+0.195%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.140	+0.043%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.728	−0.404%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0019%	4h	92.253	+0.167%	$530K	$305K	30x	as long as short
Extended WTI-USD	+0.0032%	1h	92.200	+0.109%	$2.0M	$26.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.130	+0.033%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.200	+0.109%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.162	+0.067%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.138	+0.041%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.109	+0.010%	$353K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.147	+0.051%	$7.3M	$2.2M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.220	+0.130%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.159	+0.064%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.135	+0.038%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.38	+10.078%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.150	+0.054%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0484%	1h	92.092	−0.009%	$2K	$29K	5x	as long as short