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 0.000%

Price spread now: SoDEX against Polymarket Perps−0.044%7-day average −0.044% · you buy dearer than you sell

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

Long on Polymarket Perps Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.333%−$33 · spread now −0.044%, 7d avg −0.044%

Together, before fees−0.345%−$34 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps WTIOIL-USD	92.766	0.0050	pay 0.0006% / 1h	30m 51s	$1.6M	$1.2M	20x
Short	SoDEX CL-USD	92.725	0.0050	get 0.0006% / 1h	30m 51s	$2.1M	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.044%: −$0.06
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$16.06
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 3 min ago; SoDEX: 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 Polymarket Perps live order book, 3 min ago	314.98 bp	1380.5 bp −$1,381	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX live order book, 3 min ago	0.54 bp	18.7 bp −$19	89.5 bp −$895	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	−0.0397%	1h	92.740	−0.028%	$187K	$410K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0314%	1h	92.752	−0.015%	$271K	$936K	25x	as long as short
Aster CLUSD1	−0.0228%	4h	92.890	+0.134%	$24.9M	$60.3M	20x	as long as short
Gate CL_USDT	−0.0152%	8h	92.730	−0.039%	$23.4M	$49.8M	100x	as long as short
Binance CLUSDT	−0.0125%	4h	92.890	+0.134%	$245.9M	$929.2M	100x	as long as short
Variational Omni CL	−0.0109%	4h	92.750	−0.018%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0100%	1h	92.781	+0.016%	$950K	$600K	10x	as long as short
GRVT CL_USDT_Perp	−0.0094%	4h	92.734	−0.034%	$75K	$624K	25x	as long as short
Bitget CLUSDT	−0.0078%	4h	92.818	+0.056%	$42.2M	$41.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0068%	1h	92.798	+0.034%	$1K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0068%	4h	92.769	+0.003%	$541K	$343K	30x	as long as short
OKX CL-USDT-SWAP	−0.0049%	4h	92.790	+0.026%	$42.5M	$102.7M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	92.740	−0.028%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0016%	1h	92.830	+0.069%	$184.3M	$192.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.754	−0.013%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.910	+0.155%	$27.4M	$81.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.778	+0.012%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.743	−0.025%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.330	−0.470%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.790	+0.026%	$37K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	92.715	−0.055%	$16K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.610	−0.168%	$412K	$814K	15x	as long as short
Ondo Perps WTI-USD.P	+0.0030%	1h	92.690	−0.082%	$3.6M	$5.2M	20x	as long as short
Lighter WTI	+0.0032%	1h	92.870	+0.112%	$11.3M	$8.8M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.800	+0.037%	$1.7M	$14.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.700	−0.071%	$730K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.750	−0.017%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USDlong	+0.0050%	1h	92.766	long leg	$1.6M	$1.2M	20x
SoDEX CL-USDshort	+0.0050%	1h	92.725	−0.044%	$2.1M	$69K	20x
Pacifica CL	+0.0100%	1h	92.755	−0.012%	$346K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.788	+0.024%	$7.1M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.750	−0.017%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.720	−0.049%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S −0.0007%	1h	92.735	−0.033%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0190%	4h	92.700	−0.071%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.099%	$19K	$5K	30x	as long as short