Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.009%

Price spread now: Bybit against StandX−0.043%48s7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as 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−$310.309% of the position

Long on StandX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.355%−$36 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.043%, 7d avg +0.023%

Together, before fees−0.333%+ Points / potential airdropStandX: Active · farm board−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.066% cheaper against StandX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.023%). Swap the legs. The two prices were read 48 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	93.130	0.0040	pay 0.0005% / 1h	24m 48s	$735K	$2.9M	40x
Short	Bybit CLUSDT	93.090	0	get 0.0000% / 8h	4h 24m	$26.7M	$80.5M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$8.4
Price spread: −0.043% → +0.023%: −$6.6
Slippage, 4 orders: −$11.87
Fee StandX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$45.87
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from StandX: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago	5.37 bp	9.4 bp −$9	10.1 bp −$101	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.54 bp	6.0 bp −$6	7.6 bp −$76	16.7 bp −$1,672	112.1 bp −$56.1K

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
Deribit WTIOIL_USDC-PERPETUAL	−0.0394%	1h	93.040	−0.097%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0259%	4h	93.085	−0.048%	$24.0M	$66.9M	20x	as long as short
GRVT CL_USDT_Perp	−0.0244%	4h	93.060	−0.075%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	93.086	−0.047%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0189%	4h	93.080	−0.054%	$244.7M	$948.3M	100x	as long as short
Variational Omni CL	−0.0182%	4h	93.038	−0.099%	$13.5M	$10.9M	—	as long as short
tradeXYZ xyz:CL	−0.0109%	1h	93.076	−0.058%	$184.7M	$214.3M	20x	as long as short
Bitget CLUSDT	−0.0108%	4h	93.079	−0.055%	$41.9M	$43.7M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0101%	1h	93.030	−0.107%	$3.5M	$5.4M	20x	as long as short
Aftermath Perps WTIUSD	−0.0101%	1h	93.109	−0.022%	$2K	$27K	5x	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	−0.0063%	4h	93.080	−0.054%	$42.6M	$102.8M	50x	as long as short
Gate CL_USDT	−0.0049%	8h	93.030	−0.107%	$20.9M	$51.8M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.408%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	93.060	−0.075%	$2.4M	$1.7M	10x	as long as short
Nado WTI-PERP	−0.0033%	1h	93.098	−0.035%	$962K	$651K	10x	as long as short
KuCoin CLUSDTM	−0.0018%	4h	93.081	−0.053%	$7.1M	$2.4M	50x	as long as short
edgeX CLUSDC	−0.0008%	4h	93.070	−0.064%	$530K	$300K	30x	as long as short
Lighter WTI	0.0000%	1h	93.080	−0.054%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.113	−0.018%	$8K	$3K	5x	as long as short
Bybit CLUSDTshort	0.0000%	8h	93.090	−0.043%	$26.7M	$80.5M	150x
RISEx CL/USDC	0.0000%	1h	93.137	+0.007%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.140	+0.011%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.065	−0.070%	$19K	$243K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.615	−0.553%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0013%	8h	93.034	−0.103%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0016%	1h	93.120	−0.011%	$2.0M	$20.7M	10x	as long as short
StandX CL-USDlong	+0.0040%	1h	93.130	long leg	$735K	$2.9M	40x
Vest CL-PERP	+0.0046%	1h	93.080	−0.054%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.059	−0.076%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.056	−0.079%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.057	−0.078%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.120	−0.011%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.032	−0.105%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0176%	4h	93.080	−0.054%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0214% / S −0.0142%	1h	93.065	−0.070%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.19	+9.724%	$19K	$11K	30x	as long as short