Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Binance against Variational Omni−0.152%7-day average +0.023% · you buy dearer than you sell

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

Long on Variational Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%$0 on $10k

Price spread, last 2 days (all we have)+0.232%+$23 · spread now −0.152%, 7d avg +0.023%

Together, before fees+0.237%+ Points / potential airdropVariational Omni: Active · farm board+$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.176% cheaper against Variational Omni than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CL	92.142	0	get 0.0000% / 4h	2h 34m	$13.7M	$16.1M	—
Short	Binance CLUSDT	92.001	0	get 0.0000% / 4h	2h 34m	$247.3M	$1.12B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.152%Rate

Funding earned: $0
Price spread: −0.152% → +0.023%: −$17.57
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$27.57
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Binance: live order book, 10 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	2.5 bp −$25	6.6 bp −$665	doesn't fit
Sell Binance live order book, 10 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	8.9 bp −$891	44.8 bp −$22.4K

CL on 35 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
QFEX CL-USD	−0.0019%	1h	92.030	−0.121%	$2.4M	$2.8M	10x	as long as short
Aftermath Perps WTIUSD	0.0000%	1h	91.984	−0.171%	$2K	$31K	5x	as long as short
Aster CLUSD1	0.0000%	4h	92.044	−0.106%	$24.5M	$76.1M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.933	−0.226%	$8K	$3K	5x	as long as short
Binance CLUSDTshort	0.0000%	4h	92.001	−0.152%	$247.3M	$1.12B	100x
Bybit CLUSDT	0.0000%	8h	92.023	−0.129%	$25.3M	$99.7M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.010	−0.143%	$43.1M	$116.5M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.920	−0.241%	$21.2M	$62.8M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.962	−0.195%	$42.3M	$69.1M	100x	as long as short
Variational Omni CLlong	0.0000%	4h	92.142	long leg	$13.7M	$16.1M	—

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CL_USDT_Perp	0.0000%	4h	92.068	−0.080%	$58K	$782K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.970	−0.186%	$95K	$315K	15x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.050	−0.100%	$33K	$99K	20x	as long as short
Lighter WTI	+0.0032%	1h	92.015	−0.138%	$11.0M	$12.2M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.033	−0.118%	$2.0M	$29.7M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.044	−0.106%	$17K	$18K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	91.966	−0.190%	$258K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	92.040	−0.110%	$726K	$3.0M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	−0.067%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	−0.132%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.970	−0.186%	$2.0M	$42K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	92.010	−0.143%	$3.5M	$6.5M	20x	as long as short
edgeX CLUSDC	+0.0069%	4h	92.092	−0.054%	$530K	$342K	30x	as long as short
Polymarket Perps WTIOIL-USD	+0.0083%	1h	92.037	−0.114%	$1.6M	$1.4M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.028	−0.124%	$333K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.053	−0.096%	$7.3M	$2.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.110	−0.034%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.025	−0.127%	$4K	$49	10x	as long as short
Paradex CL-USD-PERP	+0.0119%	8h	92.011	−0.142%	$15K	$367	5x	as long as short
Bullet WTIOIL-USD	+0.0174%	1h	91.942	−0.217%	$18K	$241K	10x	as long as short
Nado WTI-PERP	+0.0178%	1h	91.929	−0.231%	$878K	$788K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	91.915	−0.246%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.040	−0.110%	$4.0M	$1.5M	50x	as long as short
tradeXYZ xyz:CL	+0.0251%	1h	92.033	−0.118%	$182.8M	$295.3M	20x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.168	+0.028%	$3.2M	$2.7M	20x	as long as short