Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0173%/8h= +18.9% APRpaid last 24h +0.052%

Price spread now: BloFin against RISEx−0.057%7-day average −0.064% · 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−$21as in the Price arb table

costs, in and out, $10k−$220.216% of the position

Long on RISEx Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.108%+$11 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.057%, 7d avg −0.064%

Together, before fees+0.048%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.064%, 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	RISEx CL/USDC	93.363	0	get 0.0000% / 1h	49m 08s	$3.1M	$2.9M	20x
Short	BloFin CL-USDT	93.310	0.0173	get 0.0086% / 4h	2h 49m	$4.0M	$983K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.057%Rate

Funding earned: $36.25
Price spread: −0.057% → −0.064%: $0.74
Slippage, 4 orders: −$3.63
Fee RISEx: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $15.36
Costs to cover: 0.216%
Break-even: 4.0 days

Slippage from RISEx: live order book, 5 min ago; BloFin: live order book, 4 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, 5 min ago	0.59 bp	3.6 bp −$4	4.1 bp −$41	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	1.07 bp	7.4 bp −$7	9.0 bp −$90	12.7 bp −$1,269	28.8 bp −$14.4K

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	−0.0607%	1h	93.310	−0.057%	$197K	$372K	15x	as long as short
GRVT CL_USDT_Perp	−0.0346%	4h	93.320	−0.046%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0297%	4h	93.355	−0.009%	$24.3M	$66.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.321	−0.045%	$283K	$962K	25x	as long as short
Binance CLUSDT	−0.0197%	4h	93.330	−0.035%	$246.5M	$936.4M	100x	as long as short
Variational Omni CL	−0.0185%	4h	93.329	−0.037%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0162%	1h	93.280	−0.089%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0138%	1h	93.330	−0.035%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.324	−0.042%	$42.1M	$43.1M	100x	as long as short
Nado WTI-PERP	−0.0127%	1h	93.360	−0.003%	$967K	$621K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0080%	1h	93.347	−0.017%	$184.5M	$215.4M	20x	as long as short
Gate CL_USDT	−0.0073%	8h	93.270	−0.100%	$21.6M	$49.1M	100x	as long as short
OKX CL-USDT-SWAP	−0.0068%	4h	93.330	−0.035%	$42.6M	$102.5M	50x	as long as short
edgeX CLUSDC	−0.0065%	4h	93.310	−0.056%	$524K	$306K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.217%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.290	−0.078%	$2.3M	$2.1M	10x	as long as short
Lighter WTI	−0.0016%	1h	93.329	−0.036%	$11.2M	$9.8M	20x	as long as short
Paradex CL-USD-PERP	−0.0011%	8h	93.288	−0.080%	$16K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	−0.036%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.348	−0.016%	$27.1M	$79.8M	150x	as long as short
RISEx CL/USDClong	0.0000%	1h	93.363	long leg	$3.1M	$2.9M	20x
Phoenix WTIOIL	0.0000%	1h	93.390	+0.029%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.319	−0.047%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.878	−0.519%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.370	+0.007%	$2.0M	$18.0M	10x	as long as short
KuCoin CLUSDTM	+0.0032%	4h	93.350	−0.014%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.340	−0.025%	$739K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.330	−0.035%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.299	−0.069%	$331K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.302	−0.065%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.325	−0.041%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.420	+0.061%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.287	−0.082%	$4K	—	10x	as long as short
BloFin CL-USDTshort	+0.0173%	4h	93.310	−0.057%	$4.0M	$983K	50x
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+9.864%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0230% / S −0.0160%	1h	93.315	−0.051%	$82K	—	111x	as long as short