Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.006%

Price spread now: Binance against tradeXYZ+0.033%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.033%, 7d avg +0.031%

Together, before fees−0.073%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CL	92.889	−0.0111	get 0.0014% / 1h	13m 10s	$187.9M	$217.6M	20x
Short	Binance CLUSDT	92.920	−0.0187	pay 0.0093% / 4h	13m 10s	$244.3M	$948.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.033%Rate

Funding earned: −$15.8
Price spread: +0.033% → +0.031%: $0.24
Slippage, 4 orders: −$2.17
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$45.73
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; Binance: live order book, 16 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 tradeXYZ live order book, 6 min ago	0.22 bp	9.5 bp −$10	10.1 bp −$101	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	0.54 bp	5.5 bp −$6	6.2 bp −$62	8.4 bp −$841	21.4 bp −$10.7K

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	−0.0611%	1h	92.850	−0.042%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0265%	4h	92.920	+0.033%	$24.0M	$66.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0242%	4h	93.000	+0.120%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	92.882	−0.007%	$272K	$874K	25x	as long as short
Binance CLUSDTshort	−0.0187%	4h	92.920	+0.033%	$244.3M	$948.6M	100x
Variational Omni CL	−0.0176%	4h	93.029	+0.150%	$13.5M	$10.9M	—	as long as short
Bitget CLUSDT	−0.0122%	4h	92.889	0.000%	$42.0M	$43.7M	100x	as long as short
tradeXYZ xyz:CLlong	−0.0111%	1h	92.889	long leg	$187.9M	$217.6M	20x
Aftermath Perps WTIUSD	−0.0104%	1h	93.001	+0.121%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0091%	1h	92.850	−0.042%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0076%	4h	93.007	+0.127%	$530K	$301K	30x	as long as short
OKX CL-USDT-SWAP	−0.0053%	4h	92.920	+0.033%	$42.4M	$102.7M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.150%	$402K	$944K	15x	as long as short
Gate CL_USDT	−0.0047%	8h	92.840	−0.053%	$20.8M	$52.1M	100x	as long as short
QFEX CL-USD	−0.0043%	1h	92.890	+0.001%	$2.4M	$1.7M	10x	as long as short
Nado WTI-PERP	−0.0027%	1h	92.958	+0.075%	$963K	$650K	10x	as long as short
KuCoin CLUSDTM	−0.0024%	4h	92.900	+0.012%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	0.0000%	1h	92.896	+0.008%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	+0.051%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.912	+0.025%	$26.6M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.963	+0.079%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.070	+0.195%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.895	+0.006%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.460	−0.462%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	92.878	−0.012%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.930	+0.044%	$2.0M	$20.4M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.970	+0.087%	$734K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.930	+0.044%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.898	+0.010%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.886	−0.003%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	92.900	+0.012%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.030	+0.152%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.863	−0.028%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0187%	4h	92.940	+0.055%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0216% / S −0.0143%	1h	92.885	−0.004%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.25	+10.079%	$19K	$11K	30x	as long as short