Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0404%/8h= −44.2% APRpaid last 24h −0.025%

Price spread now: GRVT against StandX+0.011%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on StandX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.264%−$26 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now +0.011%, 7d avg +0.029%

Together, before fees−0.250%+ Points / potential airdropStandX: Active · GRVT: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.264% in total (about -13.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX CL-USD	92.370	0.0040	pay 0.0005% / 1h	37m 14s	$722K	$3.1M	40x
Short	GRVT CL_USDT_Perp	92.380	−0.0364	pay 0.0182% / 4h	3h 37m	$58K	$693K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$84.84
Price spread: +0.011% → +0.029%: −$1.85
Slippage, 4 orders: −$14.41
Fee StandX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$118.09
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from StandX: live order book, 2 min ago; GRVT: live order book, 36 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	1.62 bp	13.1 bp −$13	17.1 bp −$171	doesn't fit	doesn't fit
Sell GRVT live order book, 36 min ago	0.54 bp	5.0 bp −$5	6.1 bp −$61	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_Perpshort	−0.0364%	4h	92.380	+0.011%	$58K	$693K	25x
Aster CLUSD1	−0.0323%	4h	92.495	+0.136%	$24.0M	$81.4M	20x	as long as short
Binance CLUSDT	−0.0261%	4h	92.492	+0.132%	$245.2M	$1.08B	100x	as long as short
Variational Omni CL	−0.0247%	4h	92.351	−0.021%	$13.2M	$12.1M	—	as long as short
Gate CL_USDT	−0.0228%	8h	92.410	+0.043%	$21.3M	$54.7M	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0182%	1h	92.490	+0.130%	$96K	$189K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.516	+0.158%	$274K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0093%	1h	92.522	+0.165%	$932K	$734K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0054%	1h	92.440	+0.076%	$3.5M	$6.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.368%	$399K	$960K	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	92.460	+0.097%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0027%	1h	92.502	+0.143%	$186.7M	$256.5M	20x	as long as short
Paradex CL-USD-PERP	−0.0019%	8h	92.457	+0.094%	$15K	$367	5x	as long as short
Lighter WTI	0.0000%	1h	92.478	+0.117%	$11.2M	$10.1M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.483	+0.123%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.503	+0.144%	$26.1M	$93.1M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.460	+0.097%	$42.9M	$111.3M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.600	+0.250%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.483	+0.122%	$42.1M	$51.0M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.530	+0.173%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.493	+0.133%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.039	−0.358%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.520	+0.162%	$2.3M	$27.3M	10x	as long as short
StandX CL-USDlong	+0.0040%	1h	92.370	long leg	$722K	$3.1M	40x
Vest CL-PERP	+0.0046%	1h	92.510	+0.152%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.502	+0.143%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.481	+0.120%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0096%	4h	92.401	+0.033%	$531K	$299K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.479	+0.118%	$354K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.514	+0.156%	$7.2M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.470	+0.108%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.446	+0.082%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.485	+0.124%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.945%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.400	+0.032%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0318%	1h	92.390	+0.022%	$2K	$28K	5x	as long as short