Settings8H · net · $10k
Funding arb · Price arb /

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0220%/8h= +24.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.025%
Price spread now: Injective against RISEx+9.966%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 9.966% dearer against RISEx than usual: you sell high and buy low: +$997 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx CL/USDC93.2190get 0.0000% / 1h25m 01s$3.1M$2.9M20x
ShortInjective WTI/USDC PERP102.510.0220get 0.0028% / 1h25m 01s$19K$11K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Injective 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

Funding earned
$46.2
Price spread: +9.966% → 0.000%
$996.65
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$1,036.83
Costs to cover
0.060%
Break-even
from the start
Slippage unknown: RISEx: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 4 min ago1.23 bp4.2 bp −$44.9 bp −$49doesn't fitdoesn't fit
Sell Injective no order-book sample
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0716%1h93.110−0.117%$199K$370K15xas long as short
GRVT CL_USDT_Perp−0.0286%4h93.168−0.055%$54K$645K25xas long as short
Aster CLUSD1−0.0265%4h93.166−0.057%$24.2M$66.3M20xas long as short
Binance CLUSDT−0.0177%4h93.138−0.087%$245.7M$940.4M100xas long as short
Variational Omni CL−0.0162%4h93.128−0.098%$13.3M$10.9Mas long as short
Bitget CLUSDT−0.0128%4h93.137−0.088%$42.0M$43.2M100xas long as short
Ondo Perps WTI-USD.P−0.0126%1h93.080−0.149%$3.5M$5.3M20xas long as short
Nado WTI-PERP−0.0121%1h93.215−0.004%$964K$631K10xas long as short
Aftermath Perps WTIUSD−0.0117%1h93.162−0.061%$2K$27K5xas long as short
Gate CL_USDT−0.0062%8h93.090−0.139%$21.2M$51.4M100xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_WTIOILUSD−0.0061%1h93.147−0.077%$278K$955K25xas long as short
OKX CL-USDT-SWAP−0.0052%4h93.130−0.096%$42.7M$102.7M50xas long as short
tradeXYZ xyz:CL−0.0045%1h93.150−0.074%$184.4M$218.0M20xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0040%1h93.160−0.064%$403K$929K15xas long as short
edgeX CLUSDC−0.0038%4h93.177−0.046%$524K$305K30xas long as short
QFEX CL-USD−0.0033%1h93.130−0.096%$2.3M$1.8M10xas long as short
Paradex CL-USD-PERP−0.0020%8h93.139−0.086%$16K$3675xas long as short
Phoenix WTIOIL−0.0009%1h93.210−0.010%$37K$41K20xas long as short
dYdX WTI-USD0.0000%1h93.173−0.050%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h93.150−0.074%$26.8M$80.5M150xas long as short
RISEx CL/USDClong0.0000%1h93.219long leg$3.1M$2.9M20x
Bullet WTIOIL-USD0.0000%1h93.145−0.080%$18K$241K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h92.720−0.536%$5K150xas long as short
KuCoin CLUSDTM+0.0004%4h93.159−0.065%$7.1M$2.4M50xas long as short
Lighter WTI+0.0016%1h93.150−0.074%$11.2M$10.3M20xas long as short
Extended WTI-USD+0.0032%1h93.200−0.021%$2.0M$18.9M10xas long as short
StandX CL-USD+0.0040%1h93.110−0.117%$736K$2.9M40xas long as short
Vest CL-PERP+0.0046%1h93.170−0.053%$313K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h93.155−0.069%$1.7M$1.3M20xas long as short
SoDEX CL-USD+0.0050%1h93.141−0.084%$2.1M$60K20xas long as short
Pacifica CL+0.0100%1h93.148−0.077%$331K$579K10xas long as short
ApeX Omni CLUSDT+0.0100%1h93.180−0.042%$56K$266K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h93.111−0.116%$4K10xas long as short
BloFin CL-USDT+0.0191%4h93.150−0.074%$4.0M$1.0M50xas long as short
Injective WTI/USDC PERPshort+0.0220%1h102.51+9.966%$19K$11K30x
GMX WTIOIL/USD [ETH-USDC]L +0.0222% / S −0.0150%1h93.145−0.080%$81K111xas long as short