Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0276%/8h= +30.3% APRpaid last 24h +0.046%

Price spread now: Aevo against Variational Omni+0.063%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Aevo is 0.063% dearer against Variational Omni 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).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CL	92.899	−0.0172	get 0.0086% / 4h	3h 58m	$13.5M	$10.8M	—
Short	Aevo WTIOIL-PERP	92.957	0.0104	get 0.0013% / 1h	58m 46s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. 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 Variational OmnibpFee AevobpOrdersPrice spread, now +0.063%Rate

Funding earned: $58.05
Price spread: +0.063% → 0.000%: $6.29
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: $48.34
Costs to cover: 0.160%
Break-even: 1.2 days

Slippage unknown: Variational Omni: RFQ quote, just now; Aevo: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, just now	2.27 bp	doesn't fit	2.3 bp −$23	5.6 bp −$563	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	−0.0395%	1h	92.950	+0.055%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0269%	4h	92.980	+0.087%	$24.0M	$66.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.909	+0.011%	$56K	$656K	25x	as long as short
Binance CLUSDT	−0.0180%	4h	92.962	+0.068%	$244.8M	$944.6M	100x	as long as short
Variational Omni CLlong	−0.0172%	4h	92.899	long leg	$13.5M	$10.8M	—
Bitget CLUSDT	−0.0130%	4h	92.949	+0.054%	$41.9M	$43.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0106%	1h	92.952	+0.057%	$2K	$27K	5x	as long as short
Nado WTI-PERP	−0.0065%	1h	93.004	+0.113%	$963K	$647K	10x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.039	+0.150%	$267K	$929K	25x	as long as short
OKX CL-USDT-SWAP	−0.0051%	4h	92.960	+0.066%	$42.5M	$102.8M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0044%	8h	92.890	−0.009%	$20.8M	$50.5M	100x	as long as short
QFEX CL-USD	−0.0043%	1h	92.940	+0.044%	$2.3M	$1.8M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.930	+0.034%	$399K	$948K	15x	as long as short
KuCoin CLUSDTM	−0.0026%	4h	92.995	+0.104%	$7.1M	$2.4M	50x	as long as short
edgeX CLUSDC	−0.0024%	4h	92.888	−0.011%	$526K	$304K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	+0.041%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.954	+0.059%	$26.6M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.029	+0.140%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.980	+0.087%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.986	+0.094%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.529	−0.398%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0004%	8h	92.948	+0.053%	$16K	$367	5x	as long as short
tradeXYZ xyz:CL	+0.0007%	1h	92.953	+0.058%	$184.5M	$219.7M	20x	as long as short
Lighter WTI	+0.0016%	1h	92.960	+0.066%	$11.2M	$10.3M	20x	as long as short
Ondo Perps WTI-USD.P	+0.0021%	1h	92.920	+0.023%	$3.5M	$5.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.960	+0.066%	$2.0M	$20.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.940	+0.044%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.980	+0.087%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.980	+0.087%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.970	+0.077%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	92.966	+0.072%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.900	+0.001%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERPshort	+0.0104%	1h	92.957	+0.063%	$4K	—	10x
BloFin CL-USDT	+0.0187%	4h	92.970	+0.077%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0217% / S −0.0145%	1h	92.985	+0.093%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.25	+10.067%	$19K	$11K	30x	as long as short