Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0157%/8h= +17.1% APRpaid last 24h +0.057%

Price spread now: BloFin against StandX−0.144%104s7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.322% of the position

Long on StandX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 4 days (all we have)−0.348%−$35 · spread now −0.144%, 7d avg +0.022%

Together, before fees−0.139%+ Points / potential airdropStandX: Active · farm board−$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.165% cheaper against StandX than usual: you would sell low and buy high (spread −0.144% now, against its 7-day average of +0.022%). If the spread goes back, that is −$17 on $10k: about 3.5 days of funding at the current rate (+$5 a day). The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX CL-USD	90.530	0.0040	pay 0.0005% / 1h	55m 32s	$704K	$2.8M	40x
Short	BloFin CL-USDT	90.400	0.0197	get 0.0098% / 4h	2h 55m	$4.0M	$997K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.144%Rate

Funding earned: $32.88
Price spread: −0.144% → +0.022%: −$16.55
Slippage, 4 orders: −$12.18
Fee StandX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$15.84
Costs to cover: 0.322%
Break-even: 10.4 days

Slippage from StandX: live order book, 3 min ago; BloFin: live order book, 8 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, 3 min ago	4.96 bp	9.0 bp −$9	9.0 bp −$90	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	0.55 bp	6.6 bp −$7	7.1 bp −$71	14.6 bp −$1,455	44.2 bp −$22.1K

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
Kraken Futures PF_WTIOILUSD	−0.0365%	1h	90.598	+0.075%	$271K	$1.0M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0302%	1h	90.600	+0.077%	$181K	$416K	15x	as long as short
ApeX Omni CLUSDT	−0.0289%	1h	90.470	−0.066%	$53K	$266K	50x	as long as short
Aster CLUSD1	−0.0196%	4h	90.760	+0.254%	$24.5M	$61.4M	20x	as long as short
Binance CLUSDT	−0.0117%	4h	90.740	+0.232%	$245.5M	$1.04B	100x	as long as short
Bitget CLUSDT	−0.0098%	4h	90.711	+0.200%	$40.8M	$46.1M	100x	as long as short
Variational Omni CL	−0.0091%	4h	90.607	+0.085%	$13.0M	$11.0M	—	as long as short
Gate CL_USDT	−0.0079%	8h	90.660	+0.144%	$23.0M	$50.8M	100x	as long as short
Nado WTI-PERP	−0.0067%	1h	90.711	+0.200%	$936K	$614K	10x	as long as short
edgeX CLUSDC	−0.0045%	4h	90.565	+0.039%	$518K	$357K	30x	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	−0.0041%	4h	90.750	+0.243%	$41.1M	$111.6M	50x	as long as short
GRVT CL_USDT_Perp	−0.0040%	4h	90.480	−0.055%	$70K	$617K	25x	as long as short
tradeXYZ xyz:CL	−0.0038%	1h	90.693	+0.180%	$176.6M	$207.8M	20x	as long as short
Aftermath Perps WTIUSD	−0.0036%	1h	90.573	+0.047%	$1K	$27K	5x	as long as short
QFEX CL-USD	−0.0023%	1h	90.700	+0.188%	$2.2M	$2.9M	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.952	−0.638%	$1K	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	90.680	+0.166%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	90.760	+0.254%	$26.4M	$91.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.527	−0.003%	$2.9M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.593	+0.070%	$18K	$238K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0008%	1h	90.590	+0.066%	$408K	$1.0M	15x	as long as short
Phoenix WTIOIL	+0.0009%	1h	90.620	+0.099%	$36K	$37K	20x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	90.669	+0.154%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	90.672	+0.157%	$11.0M	$9.0M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	90.710	+0.199%	$1.6M	$13.7M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	102.13	+12.818%	$19K	$5K	30x	as long as short
StandX CL-USDlong	+0.0040%	1h	90.530	long leg	$704K	$2.8M	40x
Vest CL-PERP	+0.0046%	1h	90.690	+0.177%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.730	+0.221%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.590	+0.066%	$2.0M	$82K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	90.640	+0.122%	$3.5M	$5.2M	20x	as long as short
Pacifica CL	+0.0100%	1h	90.696	+0.183%	$335K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.714	+0.203%	$6.9M	$2.8M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.610	+0.088%	$4K	—	10x	as long as short
BloFin CL-USDTshort	+0.0197%	4h	90.400	−0.144%	$4.0M	$997K	50x
GMX WTIOIL/USD [ETH-USDC]	L +0.0255% / S −0.0185%	1h	90.595	+0.072%	$84K	—	111x	as long as short