Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0151%/8h= −16.5% APRpaid last 24h −0.022%

Price spread now: Binance against Polymarket Perps−0.016%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.251%−$25 on $10k

Price spread, last 2 days (all we have)+0.018%+$2 · spread now −0.016%, 7d avg −0.010%

Together, before fees−0.234%−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, 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	Polymarket Perps WTIOIL-USD	92.025	0.0040	pay 0.0005% / 1h	52m 27s	$1.6M	$1.4M	20x
Short	Binance CLUSDT	92.010	−0.0111	pay 0.0056% / 4h	52m 27s	$244.4M	$1.11B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Polymarket 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 Polymarket PerpsbpFee BinancebpOrdersPrice spread, now −0.016%Rate

Funding earned: −$31.67
Price spread: −0.016% → −0.010%: −$0.61
Slippage, 4 orders: −$7.73
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$58.01
Costs to cover: 0.257%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; Binance: live order book, 7 min ago.

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 Polymarket Perps live order book, 1 min ago	3.04 bp	7.6 bp −$8	7.8 bp −$78	10.6 bp −$1,063	doesn't fit
Sell Binance live order book, 7 min ago	0.54 bp	5.5 bp −$6	6.2 bp −$62	9.6 bp −$962	26.6 bp −$13.3K

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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.024	−0.001%	$275K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0266%	4h	92.040	+0.016%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0197%	4h	92.027	+0.003%	$24.0M	$77.6M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0184%	1h	92.030	+0.005%	$96K	$189K	15x	as long as short
Nado WTI-PERP	−0.0159%	1h	92.086	+0.066%	$923K	$746K	10x	as long as short
Lighter WTI	−0.0144%	1h	92.016	−0.010%	$11.1M	$10.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0120%	1h	91.960	−0.071%	$3.5M	$6.4M	20x	as long as short
Binance CLUSDTshort	−0.0111%	4h	92.010	−0.016%	$244.4M	$1.11B	100x
Paradex CL-USD-PERP	−0.0099%	8h	91.997	−0.030%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	−0.0092%	1h	92.037	+0.013%	$185.6M	$275.6M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CL	−0.0071%	4h	92.063	+0.041%	$13.4M	$13.3M	—	as long as short
Bullet WTIOIL-USD	−0.0061%	1h	91.985	−0.043%	$19K	$241K	10x	as long as short
QFEX CL-USD	−0.0054%	1h	92.000	−0.027%	$2.4M	$2.6M	10x	as long as short
Pacifica CL	−0.0020%	1h	92.020	−0.005%	$332K	$578K	10x	as long as short
Gate CL_USDT	−0.0019%	8h	91.960	−0.071%	$21.3M	$57.4M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.090%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.041	+0.017%	$25.6M	$95.0M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.020	−0.005%	$43.1M	$113.2M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.129	+0.112%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.004	−0.023%	$41.9M	$52.1M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.060	+0.038%	$37K	$101K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	+0.005%	$399K	$996K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.595	−0.467%	$4K	—	150x	as long as short
Aftermath Perps WTIUSD	+0.0024%	1h	92.027	+0.002%	$2K	$29K	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.090	+0.071%	$2.0M	$27.6M	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0040%	1h	92.025	long leg	$1.6M	$1.4M	20x
StandX CL-USD	+0.0040%	1h	91.980	−0.049%	$723K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.080	+0.060%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.995	−0.033%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0052%	4h	92.091	+0.072%	$530K	$334K	30x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.012	−0.014%	$7.3M	$2.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.150	+0.136%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.968	−0.062%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.995	−0.033%	$76K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+10.052%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.010	−0.016%	$4.0M	$1.4M	50x	as long as short