Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0122%/8h= +13.4% APRpaid last 24h +0.030%

Price spread now: dYdX against Variational Omni−0.018%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on dYdX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 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	92.970	−0.0122	get 0.0061% / 4h	3h 53m	$13.5M	$10.7M	—
Short	dYdX WTI-USD	92.953	0	get 0.0000% / 1h	53m 16s	$8K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.018%Rate

Funding earned: $25.65
Price spread: −0.018% → 0.000%: −$1.78
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: $13.87
Costs to cover: 0.100%
Break-even: 3.2 days

Slippage unknown: Variational Omni: RFQ quote, 1 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 1 min ago	2.27 bp	doesn't fit	2.6 bp −$26	6.0 bp −$601	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	−0.0503%	1h	92.950	−0.021%	$188K	$406K	15x	as long as short
GRVT CL_USDT_Perp	−0.0338%	4h	92.910	−0.064%	$74K	$614K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	92.959	−0.012%	$271K	$930K	25x	as long as short
Aster CLUSD1	−0.0244%	4h	92.985	+0.016%	$24.7M	$61.5M	20x	as long as short
Gate CL_USDT	−0.0212%	8h	92.880	−0.096%	$23.3M	$48.7M	100x	as long as short
Binance CLUSDT	−0.0138%	4h	92.951	−0.020%	$245.9M	$928.7M	100x	as long as short
Nado WTI-PERP	−0.0123%	1h	92.942	−0.030%	$950K	$612K	10x	as long as short
Variational Omni CLlong	−0.0122%	4h	92.970	long leg	$13.5M	$10.7M	—
Bitget CLUSDT	−0.0094%	4h	92.962	−0.008%	$42.0M	$41.6M	100x	as long as short
edgeX CLUSDC	−0.0092%	4h	92.952	−0.019%	$542K	$342K	30x	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	−0.0088%	1h	92.950	−0.021%	$184.1M	$195.5M	20x	as long as short
Aftermath Perps WTIUSD	−0.0079%	1h	93.049	+0.085%	$1K	$27K	5x	as long as short
OKX CL-USDT-SWAP	−0.0065%	4h	92.930	−0.043%	$42.5M	$103.1M	50x	as long as short
Ondo Perps WTI-USD.P	−0.0058%	1h	92.920	−0.053%	$3.6M	$5.2M	20x	as long as short
QFEX CL-USD	−0.0026%	1h	92.890	−0.086%	$2.3M	$2.5M	10x	as long as short
Bybit CLUSDT	−0.0004%	8h	92.950	−0.021%	$27.0M	$80.4M	150x	as long as short
dYdX WTI-USDshort	0.0000%	1h	92.953	−0.018%	$8K	$3K	5x
RISEx CL/USDC	0.0000%	1h	92.935	−0.037%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.942	−0.030%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.457	−0.551%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0008%	8h	92.846	−0.133%	$16K	$367	5x	as long as short
Lighter WTI	+0.0008%	1h	92.961	−0.009%	$11.3M	$8.6M	20x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.910	−0.064%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.205%	$404K	$808K	15x	as long as short
Extended WTI-USD	+0.0032%	1h	93.000	+0.033%	$1.7M	$14.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.950	−0.021%	$733K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.910	−0.064%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.876	−0.101%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.958	−0.013%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.903	−0.072%	$346K	$587K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.898	−0.077%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.920	−0.053%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.930	−0.043%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.955	−0.016%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0176%	4h	92.930	−0.043%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.857%	$19K	$5K	30x	as long as short