Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0166%/8h= −18.1% APRpaid last 24h −0.025%

Price spread now: OKX against Pacifica−0.052%49s7-day average +0.021% · you buy dearer than you sell

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

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.052%, 7d avg +0.021%

Together, before fees−0.051%+ Points / potential airdropPacifica: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.073% cheaper against Pacifica than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.021%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

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	54m 56s	$346K	$587K	10x
Short	OKX CL-USDT-SWAP	92.900	−0.0066	pay 0.0033% / 4h	3h 54m	$42.5M	$103.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$34.78
Price spread: −0.052% → +0.021%: −$7.29
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$60.07
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 44 min ago; OKX: live order book, 4 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 OKX live order book, 4 min ago	0.54 bp	5.5 bp −$6	6.5 bp −$65	14.5 bp −$1,453	101.5 bp −$50.8K

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	92.954	+0.007%	$24.7M	$61.6M	20x	as long as short
Gate CL_USDT	−0.0216%	8h	92.860	−0.095%	$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	92.940	−0.009%	$245.9M	$929.2M	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	92.934	−0.015%	$42.1M	$41.6M	100x	as long as short
tradeXYZ xyz:CL	−0.0093%	1h	92.898	−0.054%	$183.9M	$197.2M	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-SWAPshort	−0.0066%	4h	92.900	−0.052%	$42.5M	$103.1M	50x
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	92.920	−0.030%	$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	92.960	+0.013%	$1.7M	$14.9M	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	92.914	−0.037%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.260	+0.336%	$54K	$266K	50x	as long as short
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