Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: Bybit against tradeXYZ−0.005%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

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

costs, in and out, $10k−$320.316% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.251%−$25 on $10k

Price spread, last 7 days+0.007%+$1 · spread now −0.005%, 7d avg +0.007%

Together, before fees−0.244%+ Points / potential airdroptradeXYZ: Active · farm board−$24 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:CL	93.318	0.0000	pay 0.0000% / 1h	49m 51s	$184.5M	$202.3M	20x
Short	Bybit CLUSDT	93.313	0	get 0.0000% / 8h	49m 51s	$26.8M	$79.2M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$0.09
Price spread: −0.005% → +0.007%: −$1.22
Slippage, 4 orders: −$2.62
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$32.92
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 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 tradeXYZ live order book, 10 min ago	0.59 bp	9.6 bp −$10	10.5 bp −$105	11.6 bp −$1,162	doesn't fit
Sell Bybit live order book, 4 min ago	0.54 bp	6.0 bp −$6	7.0 bp −$70	15.9 bp −$1,591	99.5 bp −$49.8K

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	−0.0714%	1h	93.310	−0.009%	$195K	$390K	15x	as long as short
GRVT CL_USDT_Perp	−0.0292%	4h	93.580	+0.281%	$73K	$628K	25x	as long as short
Aster CLUSD1	−0.0288%	4h	93.339	+0.023%	$24.6M	$64.6M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0209%	1h	93.378	+0.064%	$275K	$942K	25x	as long as short
Binance CLUSDT	−0.0164%	4h	93.312	−0.006%	$247.0M	$916.3M	100x	as long as short
Variational Omni CL	−0.0155%	4h	93.397	+0.084%	$13.4M	$10.6M	—	as long as short
Gate CL_USDT	−0.0127%	8h	93.240	−0.084%	$22.9M	$48.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0127%	1h	93.494	+0.188%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.290	−0.030%	$42.3M	$41.6M	100x	as long as short
Nado WTI-PERP	−0.0077%	1h	93.461	+0.153%	$959K	$628K	10x	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	−0.0062%	4h	93.290	−0.030%	$42.5M	$102.4M	50x	as long as short
edgeX CLUSDC	−0.0050%	4h	93.462	+0.154%	$525K	$305K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.420	+0.109%	$2.3M	$2.4M	10x	as long as short
Lighter WTI	−0.0024%	1h	93.310	−0.009%	$11.3M	$9.1M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0023%	1h	93.380	+0.066%	$3.6M	$5.4M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.238%	$405K	$859K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.379	+0.065%	$8K	$3K	5x	as long as short
Bybit CLUSDTshort	0.0000%	8h	93.313	−0.005%	$26.8M	$79.2M	150x
RISEx CL/USDC	0.0000%	1h	93.457	+0.149%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.600	+0.302%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.408	+0.096%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.904	−0.444%	$5K	—	150x	as long as short
tradeXYZ xyz:CLlong	0.0000%	1h	93.318	long leg	$184.5M	$202.3M	20x
Paradex CL-USD-PERP	+0.0003%	8h	93.398	+0.086%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.360	+0.045%	$1.9M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.470	+0.163%	$741K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.420	+0.109%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.406	+0.094%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.336	+0.019%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.425	+0.115%	$349K	$594K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.327	+0.010%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.530	+0.227%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.315	−0.003%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0182%	4h	93.430	+0.120%	$4.1M	$985K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.83	+10.195%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0252% / S −0.0187%	1h	93.375	+0.061%	$84K	—	111x	as long as short