Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0163%/8h= −17.8% APRpaid last 24h +0.010%

Price spread now: Aftermath Perps against Variational Omni+0.020%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 Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CL	91.756	0	get 0.0000% / 4h	1h 42m	$13.4M	$14.5M	—
Short	Aftermath Perps WTIUSD	91.775	−0.0163	pay 0.0020% / 1h	42m 53s	$2K	$30K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$34.18
Price spread: +0.020% → 0.000%: $2
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$41.18
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Aftermath Perps: 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, 1 min ago	2.28 bp	doesn't fit	2.6 bp −$26	9.9 bp −$994	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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
Lighter WTI	−0.0328%	1h	91.774	+0.019%	$11.0M	$11.2M	20x	as long as short
ApeX Omni CLUSDT	−0.0314%	1h	91.820	+0.069%	$55K	$266K	50x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0294%	1h	91.800	+0.048%	$95K	$260K	15x	as long as short
Nado WTI-PERP	−0.0223%	1h	91.842	+0.094%	$907K	$754K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0210%	1h	91.760	+0.004%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0196%	1h	91.817	+0.066%	$184.9M	$285.7M	20x	as long as short
Bullet WTIOIL-USD	−0.0163%	1h	91.783	+0.030%	$19K	$240K	10x	as long as short
Aftermath Perps WTIUSDshort	−0.0163%	1h	91.775	+0.020%	$2K	$30K	5x
Paradex CL-USD-PERP	−0.0083%	8h	91.761	+0.005%	$15K	$367	5x	as long as short
Extended WTI-USD	−0.0040%	1h	91.870	+0.124%	$2.0M	$29.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps WTIOIL-USD	−0.0031%	1h	91.792	+0.039%	$1.6M	$1.4M	20x	as long as short
Aster CLUSD1	0.0000%	4h	91.809	+0.058%	$23.9M	$78.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.787	+0.033%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.800	+0.048%	$245.2M	$1.13B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.830	+0.080%	$25.3M	$98.2M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.800	+0.048%	$43.0M	$114.5M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.770	+0.015%	$2.4M	$2.5M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.750	−0.007%	$21.2M	$58.9M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.801	+0.049%	$42.0M	$64.0M	100x	as long as short
Variational Omni CLlong	0.0000%	4h	91.756	long leg	$13.4M	$14.5M	—
GRVT CL_USDT_Perp	0.0000%	4h	91.751	−0.006%	$58K	$734K	25x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.379	−0.411%	$40K	—	10x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.820	+0.069%	$33K	$99K	20x	as long as short
StandX CL-USD	+0.0040%	1h	91.760	+0.004%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.890	+0.146%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.795	+0.042%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0089%	4h	91.787	+0.033%	$528K	$343K	30x	as long as short
Pacifica CL	+0.0100%	1h	91.794	+0.041%	$332K	$572K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.812	+0.061%	$7.3M	$2.0M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.762	+0.006%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.720	−0.040%	$384K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.08	+10.159%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.775	+0.020%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.780	+0.026%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0451%	1h	91.796	+0.044%	$256K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	91.889	+0.144%	$3.2M	$2.7M	20x	as long as short