Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0278%/8h= −30.4% APRpaid last 24h −0.034%

Price spread now: Binance against RISEx−0.142%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$190.193% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.139%−$14 on $10k

Price spread, last 2 days (all we have)+0.138%+$14 · spread now −0.142%, 7d avg −0.040%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.101% cheaper against RISEx than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CL/USDC	93.018	0.0066	pay 0.0008% / 1h	57m 58s	$3.3M	$2.7M	20x
Short	Binance CLUSDT	92.886	−0.0212	pay 0.0106% / 4h	1h 57m	$244.8M	$963.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now −0.142%Rate

Funding earned: −$58.3
Price spread: −0.142% → −0.040%: −$10.15
Slippage, 4 orders: −$3.33
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$87.78
Costs to cover: 0.193%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Binance: live order book, 16 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 RISEx live order book, 1 min ago	1.08 bp	4.1 bp −$4	5.8 bp −$58	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	9.2 bp −$924	25.7 bp −$12.9K

CL on 35 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	−0.0503%	1h	92.850	−0.181%	$198K	$365K	15x	as long as short
Aster CLUSD1	−0.0244%	4h	92.897	−0.130%	$24.0M	$71.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0220%	4h	92.836	−0.196%	$53K	$623K	25x	as long as short
Binance CLUSDTshort	−0.0212%	4h	92.886	−0.142%	$244.8M	$963.3M	100x
Variational Omni CL	−0.0211%	4h	92.799	−0.236%	$13.5M	$11.1M	—	as long as short
Gate CL_USDT	−0.0093%	8h	92.840	−0.191%	$20.9M	$52.0M	100x	as long as short
Nado WTI-PERP	−0.0092%	1h	92.955	−0.068%	$962K	$670K	10x	as long as short
tradeXYZ xyz:CL	−0.0049%	1h	92.877	−0.152%	$184.6M	$219.5M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.288%	$402K	$946K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.870	−0.159%	$2.5M	$1.7M	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0029%	4h	92.808	−0.226%	$528K	$303K	30x	as long as short
Aftermath Perps WTIUSD	−0.0012%	1h	92.896	−0.131%	$2K	$28K	5x	as long as short
OKX CL-USDT-SWAP	−0.0004%	4h	92.890	−0.138%	$42.8M	$102.6M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.909	−0.118%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.912	−0.114%	$26.9M	$81.5M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.858	−0.172%	$41.9M	$43.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.860	−0.170%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.902	−0.125%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.443	−0.618%	$5K	—	150x	as long as short
Ondo Perps WTI-USD.P	+0.0004%	1h	92.880	−0.148%	$3.5M	$5.7M	20x	as long as short
Lighter WTI	+0.0032%	1h	92.888	−0.140%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.910	−0.116%	$2.1M	$23.6M	10x	as long as short
Paradex CL-USD-PERP	+0.0035%	8h	92.890	−0.137%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.400	−0.664%	$726K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	−0.105%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.910	−0.116%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.880	−0.148%	$2.1M	$61K	20x	as long as short
RISEx CL/USDClong	+0.0066%	1h	93.018	long leg	$3.3M	$2.7M	20x
KuCoin CLUSDTM	+0.0084%	4h	92.876	−0.153%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.911	−0.115%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.810	−0.224%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.870	−0.159%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.902	−0.125%	$273K	$882K	25x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.885	−0.143%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.04	+9.695%	$19K	$11K	30x	as long as short