Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0077%/8h= +8.4% APRpaid last 24h +0.047%

Price spread now: BloFin against Pacifica+0.062%7-day average +0.005% · you sell dearer than you buy

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

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.252%+$25 on $10k

Price spread, last 4 days (all we have)−0.105%−$10 · spread now +0.062%, 7d avg +0.005%

Together, before fees+0.148%+ Points / potential airdropPacifica: Active · farm board+$15 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 BloFin is 0.057% dearer against Pacifica than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CL	93.012	0.0100	pay 0.0013% / 1h	56m 15s	$347K	$587K	10x
Short	BloFin CL-USDT	93.070	0.0177	get 0.0088% / 4h	3h 56m	$4.1M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.062%Rate

Funding earned: $16.14
Price spread: +0.062% → +0.005%: $5.71
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $1.85
Costs to cover: 0.200%
Break-even: 6.2 days

Slippage unknown: Pacifica: live order book, 42 min ago; BloFin: live order book, 2 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, 42 min ago	0.38 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.54 bp	6.5 bp −$7	7.4 bp −$74	12.1 bp −$1,214	27.0 bp −$13.5K

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	−0.0717%	1h	92.950	−0.067%	$188K	$406K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.997	−0.016%	$271K	$931K	25x	as long as short
Aster CLUSD1	−0.0244%	4h	93.020	+0.009%	$24.7M	$61.6M	20x	as long as short
Gate CL_USDT	−0.0189%	8h	92.920	−0.099%	$23.3M	$48.5M	100x	as long as short
GRVT CL_USDT_Perp	−0.0150%	4h	93.182	+0.183%	$75K	$614K	25x	as long as short
Binance CLUSDT	−0.0136%	4h	92.980	−0.034%	$246.0M	$928.3M	100x	as long as short
Variational Omni CL	−0.0122%	4h	93.132	+0.129%	$13.6M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0122%	1h	93.067	+0.059%	$953K	$613K	10x	as long as short
Bitget CLUSDT	−0.0094%	4h	92.956	−0.060%	$42.1M	$41.6M	100x	as long as short
tradeXYZ xyz:CL	−0.0091%	1h	92.993	−0.020%	$184.1M	$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	−0.0081%	1h	93.098	+0.092%	$2K	$26K	5x	as long as short
OKX CL-USDT-SWAP	−0.0065%	4h	92.970	−0.045%	$42.5M	$103.1M	50x	as long as short
Ondo Perps WTI-USD.P	−0.0059%	1h	92.960	−0.056%	$3.6M	$5.3M	20x	as long as short
QFEX CL-USD	−0.0026%	1h	92.990	−0.024%	$2.3M	$2.4M	10x	as long as short
edgeX CLUSDC	−0.0002%	4h	93.197	+0.199%	$534K	$332K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.039	+0.029%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.980	−0.034%	$27.0M	$80.3M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.039	+0.029%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.120	+0.116%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.994	−0.019%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.573	−0.472%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	92.970	−0.045%	$11.3M	$8.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.981	−0.033%	$16K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.159%	$404K	$808K	15x	as long as short
Extended WTI-USD	+0.0032%	1h	93.030	+0.019%	$1.7M	$14.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	+0.148%	$735K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.020	+0.009%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.013	+0.001%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.975	−0.040%	$2.1M	$62K	20x	as long as short
Pacifica CLlong	+0.0100%	1h	93.012	long leg	$347K	$587K	10x
KuCoin CLUSDTM	+0.0100%	4h	92.992	−0.022%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.260	+0.267%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.958	−0.058%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.985	−0.029%	$85K	—	111x	as long as short
BloFin CL-USDTshort	+0.0177%	4h	93.070	+0.062%	$4.1M	$1.0M	50x
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.807%	$19K	$5K	30x	as long as short