Funding arb · Price arb / RWA

CL

RWAAll CL markets →

LONGStandX▾Aftermath Perps −0.0077%edgeX −0.0067%RISEx −0.0026%Aster 0.0000%dYdX 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%Gate 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%Deribit 0.0000%QFEX +0.0002%Bullet +0.0004%Nado +0.0012%Lighter +0.0032%Extended +0.0032%Phoenix +0.0035%gTrade (Gains Network) +0.0037%tradeXYZ +0.0037%StandX +0.0040%Vest Markets +0.0046%Popdex +0.0048%Paradex +0.0050%Polymarket Perps +0.0050%SoDEX +0.0050%Ondo Perps +0.0050%Pacifica +0.0100%ApeX Omni +0.0100%Aevo +0.0104%Coinbase International +0.0128%Injective +0.0220%BloFin +0.0240%Kraken Futures +0.0361%GMX +0.0494%

⇄⇅

SHORTAvantis▾Kraken Futures +0.0361%BloFin +0.0240%GMX −0.0220%Injective +0.0220%Coinbase International +0.0128%Aevo +0.0104%Pacifica +0.0100%ApeX Omni +0.0100%Ondo Perps +0.0050%Polymarket Perps +0.0050%SoDEX +0.0050%Paradex +0.0050%Popdex +0.0048%Vest Markets +0.0046%tradeXYZ +0.0037%Phoenix +0.0035%Lighter +0.0032%Extended +0.0032%Nado +0.0012%Bullet +0.0004%QFEX +0.0002%Aster 0.0000%dYdX 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%Gate 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%Deribit 0.0000%RISEx −0.0026%edgeX −0.0067%Aftermath Perps −0.0077%Avantis +0.0913%gTrade (Gains Network) +0.3572%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	StandXCL-USD	90.420	+0.0040	pay 0.0005% / 1h	1m 04s	$651K	$864K	40x	Long StandX+5% pts
SHORT	AvantisWTI/USD	90.360	L +0.0023S +0.0913	pay 0.0114% / 1h	1m 04s	$56K	—	25x	Short Avantis

Price gap−0.066%

Funding gap−0.0953% /8h

Both sides work against this direction now: funding costs $29 a day on $10k and the gap is 0.066% under zero (no 7-day history yet). Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.480% in total, about −0.0228%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

PRICE SPREAD · 7D

Now−0.066%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

StandXAvantis

CL on 38 exchanges

lowest funding first

Before you open

3 ok · 1 to watch

• i
  Note: Order book unknown—

  No order-book sample for Avantis: its slippage is not counted.
• i
  Note: Margin at max leverage$250 + $400

  StandX 40x, Avantis 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long StandX · 1h−$1.20

  Short Avantis · 1h−$27.40

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$28.60Long StandX: 24 payments, −$1.20; short Avantis: 24 payments, −$27.40.
• i
  Note: No 7-day spread history−0.066%

  The gap cannot be compared with its average yet.
• !
  Watch: Short leg is thinner$56K vs $651K OI

  Avantis sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legStandX points · Avantis Season 3

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legStandX No · Avantis No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0228%/8h × 21 periods−$47.97

Price spread−0.066% → 0−$6.63

Slippage, 4 ordersno data for Avantis—

Fee StandX bp × 2 orders−$8.00

Fee Avantis bp × 2 orders−$20.00

Net, fees only · 7 days · $10k−$82.60

Costs to cover0.280%Break-evennever at this rate

Slippage: StandX: live order book, 44 min ago; Avantis: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGStandX5.529.5 bp−$1010.0 bp−$100doesn’t fitdoesn’t fit

SELL · SHORTAvantis—————

Closing costs about the same again.
Avantis: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

CL news

posts that mention CL or Crude oil (WTI), from every exchangeSearch all news →

09-25 16:46	Kalshi	Other	BREAKING: WTI oil down nearly 3% in the last 1 hour as Al Jazeera reports US-Iran talks have entered "technical stage" @Kalshi on X ↗
09-25 13:31	Vest Markets	Other	At the open, $CL is down around 2%, with Iran proposing on Thursday to reopen the Strait of Hormuz within seven days. Negotiators are exploring a phased arrangement in which Tehran reopens the strait and Washington lifts its economic blockade of Iran, per Reuters. Trade $CL volatility with a Vest Capital funded account and access up to $25k in trading capital. @VestExchange on X ↗