Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0229%/8h= −25.1% APRpaid last 24h −0.035%

Price spread now: Binance against StandX+0.064%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on StandX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.162%−$16 on $10k

Price spread, last 7 days−0.074%−$7 · spread now +0.064%, 7d avg +0.048%

Together, before fees−0.236%+ Points / potential airdropStandX: Active · farm board−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX CL-USD	93.270	0.0040	pay 0.0005% / 1h	1m 51s	$738K	$2.9M	40x
Short	Binance CLUSDT	93.330	−0.0189	pay 0.0095% / 4h	3h 01m	$246.4M	$939.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against StandX. 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 StandXbpFee BinancebpOrdersPrice spread, now +0.064%Rate

Funding earned: −$48.18
Price spread: +0.064% → +0.048%: $1.67
Slippage, 4 orders: −$13.87
Fee StandX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$78.39
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from StandX: live order book, 2 min ago; Binance: live order book, 12 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 StandX live order book, 2 min ago	4.82 bp	12.0 bp −$12	12.5 bp −$125	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	7.4 bp −$741	17.5 bp −$8,739

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	−0.0500%	1h	93.300	+0.032%	$198K	$371K	15x	as long as short
GRVT CL_USDT_Perp	−0.0332%	4h	93.330	+0.065%	$58K	$654K	25x	as long as short
Aster CLUSD1	−0.0286%	4h	93.349	+0.085%	$24.3M	$65.8M	20x	as long as short
Binance CLUSDTshort	−0.0189%	4h	93.330	+0.064%	$246.4M	$939.2M	100x
Variational Omni CL	−0.0175%	4h	93.319	+0.052%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0145%	1h	93.345	+0.080%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0130%	1h	93.280	+0.011%	$3.5M	$5.3M	20x	as long as short
Bitget CLUSDT	−0.0128%	4h	93.312	+0.045%	$42.1M	$43.2M	100x	as long as short
Nado WTI-PERP	−0.0105%	1h	93.380	+0.118%	$967K	$626K	10x	as long as short
Gate CL_USDT	−0.0071%	8h	93.270	0.000%	$21.4M	$51.6M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0065%	4h	93.340	+0.075%	$42.7M	$103.2M	50x	as long as short
tradeXYZ xyz:CL	−0.0063%	1h	93.325	+0.059%	$184.7M	$217.1M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.350	+0.086%	$282K	$961K	25x	as long as short
edgeX CLUSDC	−0.0053%	4h	93.336	+0.071%	$525K	$306K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.118%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.330	+0.064%	$2.3M	$2.0M	10x	as long as short
Paradex CL-USD-PERP	−0.0017%	8h	93.317	+0.051%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.370	+0.107%	$37K	$41K	20x	as long as short
Lighter WTI	0.0000%	1h	93.332	+0.066%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	+0.064%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.350	+0.086%	$26.9M	$80.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.397	+0.136%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.331	+0.065%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.890	−0.407%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	93.370	+0.107%	$2.0M	$18.2M	10x	as long as short
KuCoin CLUSDTM	+0.0024%	4h	93.348	+0.084%	$7.1M	$2.4M	50x	as long as short
StandX CL-USDlong	+0.0040%	1h	93.270	long leg	$738K	$2.9M	40x
Vest CL-PERP	+0.0046%	1h	93.350	+0.086%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.327	+0.061%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.325	+0.059%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.327	+0.062%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.320	+0.054%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.303	+0.035%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0175%	4h	93.350	+0.086%	$4.0M	$990K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.758%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0225% / S −0.0153%	1h	93.325	+0.059%	$81K	—	111x	as long as short