Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.010%

Price spread now: Pacifica against Variational Omni+0.215%7-day average +0.021% · you sell dearer than you buy

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.028%+$3 on $10k

Price spread, last 4 days (all we have)+0.324%+$32 · spread now +0.215%, 7d avg +0.021%

Together, before fees+0.351%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board+$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.194% dearer against Variational Omni than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CL	91.935	0	get 0.0000% / 4h	2h 45m	$13.7M	$16.1M	—
Short	Pacifica CL	92.133	0.0100	get 0.0013% / 1h	45m 13s	$325K	$564K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.215%Rate

Funding earned: $21
Price spread: +0.215% → +0.021%: $19.36
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $32.36
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Pacifica: live order book, 43 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, 4 min ago	2.28 bp	doesn't fit	2.9 bp −$29	8.7 bp −$872	doesn't fit
Sell Pacifica live order book, 43 min ago	0.27 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit

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	92.080	+0.157%	$2.4M	$2.9M	10x	as long as short
Aftermath Perps WTIUSD	−0.0007%	1h	92.039	+0.113%	$2K	$31K	5x	as long as short
Aster CLUSD1	0.0000%	4h	92.040	+0.114%	$24.5M	$74.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.147	+0.230%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	92.160	+0.244%	$243.7M	$1.09B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	92.143	+0.226%	$24.7M	$98.0M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.220	+0.310%	$43.3M	$114.0M	50x	as long as short
Gate CL_USDT	0.0000%	8h	92.160	+0.244%	$21.2M	$62.1M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	92.188	+0.275%	$42.5M	$67.0M	100x	as long as short
Variational Omni CLlong	0.0000%	4h	91.935	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	92.151	+0.234%	$58K	$795K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.210	+0.299%	$96K	$315K	15x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.020	+0.092%	$33K	$99K	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.016	+0.088%	$1.9M	$29.7M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.595	+0.717%	$18K	$14K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	92.238	+0.329%	$260K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	92.050	+0.125%	$726K	$3.0M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.200	+0.288%	$408K	$1.2M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.030	+0.103%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.097	+0.176%	$2.0M	$42K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0054%	1h	92.170	+0.255%	$3.5M	$6.4M	20x	as long as short
edgeX CLUSDC	+0.0076%	4h	92.127	+0.208%	$530K	$345K	30x	as long as short
Paradex CL-USD-PERP	+0.0098%	8h	92.038	+0.112%	$15K	$367	5x	as long as short
Pacifica CLshort	+0.0100%	1h	92.133	+0.215%	$325K	$564K	10x
KuCoin CLUSDTM	+0.0100%	4h	92.133	+0.215%	$7.3M	$2.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.110	+0.190%	$55K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.074	+0.151%	$4K	$49	10x	as long as short
Nado WTI-PERP	+0.0151%	1h	92.178	+0.264%	$882K	$782K	10x	as long as short
Lighter WTI	+0.0160%	1h	92.064	+0.140%	$11.0M	$12.2M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0192%	1h	92.080	+0.157%	$1.6M	$1.4M	20x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	92.195	+0.282%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.170	+0.255%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.216	+0.305%	$3.2M	$2.7M	20x	as long as short
Bullet WTIOIL-USD	+0.0275%	1h	92.177	+0.263%	$19K	$242K	10x	as long as short
tradeXYZ xyz:CL	+0.0390%	1h	92.098	+0.177%	$182.6M	$292.9M	20x	as long as short