Settings8H · net · $10k
Funding arb · Price arb /

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.09 per $10,000 · paid last 24h +0.015%
Price spread now: dYdX against tradeXYZ+0.057%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and dYdX is 0.057% dearer against tradeXYZ than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongtradeXYZ xyz:CL92.144−0.0075get 0.0009% / 1h35m 55s$187.0M$274.8M20x
ShortdYdX WTI-USD92.1960get 0.0000% / 1h35m 55s$8K$3K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
$15.74
Price spread: +0.057% → 0.000%
$5.67
Slippage, 4 orders
no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders
−$18
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$6.59
Costs to cover
0.280%
Break-even
9.9 days
Slippage unknown: tradeXYZ: live order book, 4 min ago; dYdX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy tradeXYZ live order book, 4 min ago0.11 bp9.1 bp −$99.1 bp −$91doesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_WTIOILUSD−0.0450%1h92.162+0.020%$274K$1.2M25xas long as short
GRVT CL_USDT_Perp−0.0314%4h92.040−0.113%$58K$702K25xas long as short
Aster CLUSD1−0.0242%4h92.140−0.004%$23.9M$77.5M20xas long as short
Binance CLUSDT−0.0164%4h92.122−0.024%$245.0M$1.10B100xas long as short
Nado WTI-PERP−0.0163%1h92.196+0.057%$924K$740K10xas long as short
Variational Omni CL−0.0145%4h92.124−0.021%$13.4M$12.4Mas long as short
Lighter WTI−0.0104%1h92.115−0.031%$11.2M$10.9M20xas long as short
Ondo Perps WTI-USD.P−0.0096%1h92.130−0.015%$3.5M$6.4M20xas long as short
Paradex CL-USD-PERP−0.0093%8h92.110−0.036%$15K$3675xas long as short
tradeXYZ xyz:CLlong−0.0075%1h92.144long leg$187.0M$274.8M20x
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX CL-USD−0.0054%1h92.120−0.026%$2.4M$2.6M10xas long as short
Bullet WTIOIL-USD−0.0036%1h92.134−0.011%$18K$241K10xas long as short
Gate CL_USDT−0.0029%8h92.070−0.080%$21.3M$57.7M100xas long as short
Pacifica CL−0.0020%1h92.150+0.007%$333K$576K10xas long as short
dYdX WTI-USDshort0.0000%1h92.196+0.057%$8K$3K5x
Bybit CLUSDT0.0000%8h92.141−0.003%$25.6M$94.4M150xas long as short
OKX CL-USDT-SWAP0.0000%4h92.120−0.026%$43.1M$112.9M50xas long as short
RISEx CL/USDC0.0000%1h92.249+0.114%$3.3M$2.7M20xas long as short
Bitget CLUSDT0.0000%4h92.109−0.038%$42.0M$51.7M100xas long as short
Phoenix WTIOIL0.0000%1h92.120−0.026%$37K$101K20xas long as short
Deribit WTIOIL_USDC-PERPETUAL0.0000%1h92.150+0.007%$96K$189K15xas long as short
Coinbase International WTIOIL-PERP-INTX0.0000%1h92.030−0.124%$399K$966K15xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h91.691−0.492%$5K150xas long as short
Extended WTI-USD+0.0008%1h92.170+0.028%$2.0M$27.4M10xas long as short
edgeX CLUSDC+0.0035%4h92.111−0.036%$530K$332K30xas long as short
StandX CL-USD+0.0040%1h92.130−0.015%$721K$3.1M40xas long as short
Vest CL-PERP+0.0046%1h92.180+0.039%$308K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h92.132−0.013%$1.6M$1.4M20xas long as short
SoDEX CL-USD+0.0050%1h92.125−0.021%$2.0M$39K20xas long as short
KuCoin CLUSDTM+0.0100%4h92.176+0.035%$7.1M$2.1M50xas long as short
ApeX Omni CLUSDT+0.0100%1h92.170+0.028%$56K$266K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h92.111−0.036%$4K10xas long as short
Aftermath Perps WTIUSD+0.0112%1h92.162+0.019%$2K$29K5xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0205% / S −0.0130%1h92.115−0.031%$77K111xas long as short
Injective WTI/USDC PERP+0.0220%1h101.18+9.807%$19K$11K30xas long as short
BloFin CL-USDT+0.0240%4h92.150+0.007%$4.0M$1.4M50xas long as short