Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: ApeX Omni against Pacifica+0.336%7-day average +0.019% · you sell dearer than you buy

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

Long on Pacifica Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.188%+$19 on $10k

Price spread, last 4 days (all we have)−0.326%−$33 · spread now +0.336%, 7d avg +0.019%

Together, before fees−0.138%+ Points / potential airdropPacifica: Active · farm board−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.317% dearer against Pacifica than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CL	92.948	0.0100	pay 0.0013% / 1h	55m 12s	$346K	$587K	10x
Short	ApeX Omni CLUSDT	93.260	0.0100	get 0.0013% / 1h	55m 12s	$54K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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 PacificabpFee ApeX OmnibpOrdersPrice spread, now +0.336%Rate

Funding earned: $0
Price spread: +0.336% → +0.019%: $31.67
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $13.67
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Pacifica: live order book, 44 min ago; ApeX Omni: live order book, 42 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 Pacifica live order book, 44 min ago	0.38 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 42 min ago	8.59 bp	20.7 bp −$21	195.6 bp −$1,956	doesn't fit	doesn't fit

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	−0.0718%	1h	92.870	−0.084%	$188K	$406K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.926	−0.024%	$271K	$931K	25x	as long as short
Aster CLUSD1	−0.0244%	4h	92.920	−0.031%	$24.7M	$61.5M	20x	as long as short
Gate CL_USDT	−0.0216%	8h	92.840	−0.116%	$23.3M	$48.6M	100x	as long as short
GRVT CL_USDT_Perp	−0.0150%	4h	93.182	+0.252%	$75K	$614K	25x	as long as short
Binance CLUSDT	−0.0137%	4h	92.910	−0.041%	$245.8M	$928.8M	100x	as long as short
Nado WTI-PERP	−0.0124%	1h	92.966	+0.019%	$952K	$613K	10x	as long as short
Variational Omni CL	−0.0122%	4h	92.970	+0.023%	$13.5M	$10.7M	—	as long as short
Bitget CLUSDT	−0.0096%	4h	92.898	−0.054%	$42.0M	$41.6M	100x	as long as short
tradeXYZ xyz:CL	−0.0094%	1h	92.921	−0.029%	$184.0M	$197.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSD	−0.0080%	1h	93.088	+0.150%	$2K	$26K	5x	as long as short
OKX CL-USDT-SWAP	−0.0066%	4h	92.900	−0.052%	$42.5M	$103.1M	50x	as long as short
Ondo Perps WTI-USD.P	−0.0051%	1h	92.920	−0.030%	$3.6M	$5.3M	20x	as long as short
QFEX CL-USD	−0.0026%	1h	92.930	−0.019%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0020%	4h	93.079	+0.141%	$534K	$332K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.039	+0.098%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.893	−0.059%	$27.1M	$80.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.979	+0.033%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.120	+0.185%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.916	−0.034%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.491	−0.492%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	92.895	−0.057%	$11.2M	$8.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0009%	8h	92.943	−0.005%	$16K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.228%	$404K	$808K	15x	as long as short
Extended WTI-USD	+0.0032%	1h	92.950	+0.002%	$1.7M	$14.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.070	+0.131%	$734K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.950	+0.002%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.921	−0.029%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.898	−0.054%	$2.1M	$62K	20x	as long as short
Pacifica CLlong	+0.0100%	1h	92.948	long leg	$346K	$587K	10x
KuCoin CLUSDTM	+0.0100%	4h	92.939	−0.010%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	93.260	+0.336%	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	92.890	−0.062%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.905	−0.046%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0175%	4h	92.930	−0.019%	$4.1M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.883%	$19K	$5K	30x	as long as short