Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0227%/8h= +24.8% APRpaid last 24h +0.060%

Price spread now: ApeX Omni against Variational Omni+0.022%103s7-day average +0.019% · you sell dearer than you buy

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.118%+$12 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.022%, 7d avg +0.019%

Together, before fees+0.124%+ Points / potential airdropVariational Omni: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CL	92.920	−0.0127	get 0.0063% / 4h	3h 49m	$13.5M	$10.7M	—
Short	ApeX Omni CLUSDT	92.940	0.0100	get 0.0013% / 1h	49m 38s	$54K	$267K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.022%Rate

Funding earned: $47.6
Price spread: +0.022% → +0.019%: $0.25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $37.86
Costs to cover: 0.100%
Break-even: 1.4 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; ApeX Omni: live order book, 47 min ago. 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, 5 min ago	2.27 bp	doesn't fit	2.6 bp −$26	6.0 bp −$601	doesn't fit
Sell ApeX Omni live order book, 47 min ago	8.59 bp	20.7 bp −$21	195.6 bp −$1,956	doesn't fit	doesn't fit

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	−0.0610%	1h	92.920	0.000%	$188K	$407K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.964	+0.048%	$271K	$930K	25x	as long as short
GRVT CL_USDT_Perp	−0.0290%	4h	92.887	−0.035%	$74K	$614K	25x	as long as short
Aster CLUSD1	−0.0244%	4h	92.960	+0.043%	$24.7M	$61.7M	20x	as long as short
Gate CL_USDT	−0.0210%	8h	92.850	−0.075%	$23.3M	$48.8M	100x	as long as short
Binance CLUSDT	−0.0139%	4h	92.940	+0.022%	$246.6M	$929.1M	100x	as long as short
Variational Omni CLlong	−0.0127%	4h	92.920	long leg	$13.5M	$10.7M	—
Nado WTI-PERP	−0.0116%	1h	92.978	+0.063%	$951K	$612K	10x	as long as short
Bitget CLUSDT	−0.0092%	4h	92.912	−0.008%	$42.0M	$41.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0079%	1h	92.985	+0.071%	$1K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0070%	1h	92.940	+0.022%	$184.1M	$195.8M	20x	as long as short
OKX CL-USDT-SWAP	−0.0062%	4h	92.930	+0.011%	$42.6M	$103.2M	50x	as long as short
edgeX CLUSDC	−0.0044%	4h	92.888	−0.034%	$542K	$342K	30x	as long as short
Ondo Perps WTI-USD.P	−0.0041%	1h	92.930	+0.011%	$3.6M	$5.3M	20x	as long as short
QFEX CL-USD	−0.0026%	1h	92.920	0.000%	$2.3M	$2.5M	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.953	+0.036%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.950	+0.033%	$27.1M	$80.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.969	+0.053%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.957	+0.040%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.520	−0.430%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0007%	8h	92.915	−0.005%	$16K	$367	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.910	−0.010%	$37K	$39K	20x	as long as short
Lighter WTI	+0.0016%	1h	92.923	+0.004%	$11.2M	$8.6M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.259%	$404K	$808K	15x	as long as short
Extended WTI-USD	+0.0032%	1h	92.970	+0.054%	$1.7M	$14.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.940	+0.022%	$732K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.950	+0.033%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.944	+0.026%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.939	+0.021%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.945	+0.027%	$346K	$586K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.965	+0.049%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	92.940	+0.022%	$54K	$267K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	92.919	−0.001%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.955	+0.038%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0175%	4h	92.940	+0.022%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.916%	$19K	$5K	30x	as long as short