Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.015%

Price spread now: OKX against StandX−0.123%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on StandX Short on OKX

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+0.128%+$13 · spread now −0.123%, 7d avg +0.043%

Together, before fees−0.034%+ Points / potential airdropStandX: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.165% cheaper against StandX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX CL-USD	89.510	0.0040	pay 0.0005% / 1h	54m 50s	$691K	$2.8M	40x
Short	OKX CL-USDT-SWAP	89.400	−0.0034	pay 0.0017% / 4h	1h 54m	$39.9M	$130.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$15.57
Price spread: −0.123% → +0.043%: −$16.54
Slippage, 4 orders: −$11.35
Fee StandX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$61.47
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from StandX: live order book, 2 min ago; OKX: 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, 2 min ago	3.35 bp	7.4 bp −$7	10.2 bp −$102	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.56 bp	5.6 bp −$6	6.9 bp −$69	16.3 bp −$1,626	doesn't fit

CL on 36 exchanges

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	−0.0342%	1h	89.375	−0.150%	$318K	$1.8M	25x	as long as short
Aster CLUSD1	−0.0148%	4h	89.450	−0.067%	$24.4M	$71.0M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0129%	1h	89.270	−0.268%	$3.4M	$6.1M	20x	as long as short
Bitget CLUSDT	−0.0120%	4h	89.409	−0.113%	$40.6M	$55.9M	100x	as long as short
tradeXYZ xyz:CL	−0.0119%	1h	89.416	−0.105%	$169.8M	$245.8M	20x	as long as short
GRVT CL_USDT_Perp	−0.0108%	4h	89.526	+0.018%	$73K	$632K	25x	as long as short
Binance CLUSDT	−0.0102%	4h	89.410	−0.112%	$238.8M	$1.20B	100x	as long as short
Extended WTI-USD	−0.0088%	1h	89.450	−0.067%	$1.2M	$14.7M	10x	as long as short
edgeX CLUSDC	−0.0080%	4h	89.515	+0.006%	$495K	$383K	30x	as long as short
Variational Omni CL	−0.0080%	4h	89.432	−0.087%	$12.6M	$11.3M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0071%	8h	89.370	−0.156%	$22.9M	$53.1M	100x	as long as short
Aftermath Perps WTIUSD	−0.0048%	1h	89.779	+0.301%	$1K	$27K	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	89.640	+0.145%	$409K	$1.5M	15x	as long as short
Nado WTI-PERP	−0.0039%	1h	89.380	−0.145%	$869K	$682K	10x	as long as short
OKX CL-USDT-SWAPshort	−0.0034%	4h	89.400	−0.123%	$39.9M	$130.0M	50x
Lighter WTI	−0.0032%	1h	89.413	−0.108%	$10.6M	$10.1M	20x	as long as short
QFEX CL-USD	−0.0025%	1h	89.310	−0.223%	$2.2M	$2.8M	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.147	−0.406%	$606	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.333	−0.198%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.411	−0.111%	$26.7M	$108.3M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	89.532	+0.024%	$2.8M	$3.1M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.354	−0.174%	$17K	$238K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	89.420	−0.101%	$69K	$628K	15x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	89.305	−0.229%	$15K	$367	5x	as long as short
StandX CL-USDlong	+0.0040%	1h	89.510	long leg	$691K	$2.8M	40x
Vest CL-PERP	+0.0046%	1h	89.370	−0.156%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.309	−0.225%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.428	−0.092%	$2.0M	$82K	20x	as long as short
Phoenix WTIOIL	+0.0053%	1h	89.500	−0.011%	$32K	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.351	−0.178%	$299K	$729K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.451	−0.066%	$6.9M	$3.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.600	+0.101%	$52K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.380	−0.146%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S +0.0055%	1h	89.405	−0.117%	$73K	—	111x	as long as short
BloFin CL-USDT	+0.0210%	4h	89.380	−0.145%	$3.9M	$1.1M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.700%	$16K	$5K	30x	as long as short