Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.010%

Price spread now: Bitget against StandX+0.292%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$650.646% of the position

Long on StandX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.206%−$21 on $10k

Price spread, last 7 days−0.280%−$28 · spread now +0.292%, 7d avg +0.030%

Together, before fees−0.487%+ Points / potential airdropStandX: Active · farm board−$49 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.262% dearer against StandX than usual: you sell high and buy low (spread +0.292% now, against its 7-day average of +0.030%): +$26 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 22 days. At the pace of the last 7 days (−0.206% in total) that is about 8.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX CL-USD	92.320	0.0040	pay 0.0005% / 1h	12m 26s	$722K	$3.1M	40x
Short	Bitget CLUSDT	92.590	0	get 0.0000% / 4h	3h 12m	$42.2M	$48.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.292%Rate

Funding earned: −$8.4
Price spread: +0.292% → +0.030%: $26.22
Slippage, 4 orders: −$44.58
Fee StandX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$46.76
Costs to cover: 0.646%
Break-even: never at this rate

Slippage from StandX: live order book, 1 min ago; Bitget: live order book, 2 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, 1 min ago	2.71 bp	43.0 bp −$43	45.6 bp −$456	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.49 bp	7.5 bp −$7	9.5 bp −$95	doesn't fit	doesn't fit

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
GRVT CL_USDT_Perp	−0.0360%	4h	92.647	+0.354%	$58K	$684K	25x	as long as short
Aster CLUSD1	−0.0334%	4h	92.621	+0.326%	$24.0M	$75.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0290%	1h	92.620	+0.325%	$123K	$275K	15x	as long as short
Binance CLUSDT	−0.0280%	4h	92.600	+0.303%	$244.4M	$1.03B	100x	as long as short
Variational Omni CL	−0.0271%	4h	92.631	+0.336%	$13.3M	$11.4M	—	as long as short
Gate CL_USDT	−0.0212%	8h	92.530	+0.227%	$21.3M	$55.5M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.673	+0.382%	$275K	$914K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0055%	1h	92.610	+0.314%	$3.6M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0052%	1h	92.653	+0.361%	$934K	$708K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.314%	$399K	$956K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.590	+0.292%	$2.4M	$1.7M	10x	as long as short
tradeXYZ xyz:CL	−0.0032%	1h	92.590	+0.292%	$185.8M	$237.1M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.666	+0.375%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.610	+0.314%	$26.5M	$89.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.560	+0.260%	$43.0M	$108.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.726	+0.440%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDTshort	0.0000%	4h	92.590	+0.292%	$42.2M	$48.2M	100x
Phoenix WTIOIL	0.0000%	1h	92.710	+0.422%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.591	+0.293%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.144	−0.191%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0005%	8h	92.597	+0.300%	$15K	$367	5x	as long as short
Extended WTI-USD	+0.0016%	1h	92.640	+0.347%	$2.3M	$25.9M	10x	as long as short
Lighter WTI	+0.0024%	1h	92.620	+0.325%	$11.2M	$10.2M	20x	as long as short
StandX CL-USDlong	+0.0040%	1h	92.320	long leg	$722K	$3.1M	40x
Vest CL-PERP	+0.0046%	1h	92.640	+0.347%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.606	+0.310%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.631	+0.337%	$2.0M	$38K	20x	as long as short
KuCoin CLUSDTM	+0.0082%	4h	92.636	+0.342%	$7.2M	$2.3M	50x	as long as short
edgeX CLUSDC	+0.0095%	4h	92.657	+0.365%	$533K	$300K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.610	+0.315%	$356K	$602K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.670	+0.379%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.618	+0.323%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0162%	1h	92.643	+0.350%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.655	+0.363%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+10.149%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.640	+0.347%	$4.0M	$1.2M	50x	as long as short