Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.041%

Price spread now: RISEx against Variational Omni+0.092%7-day average +0.062% · you sell dearer than you buy

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

Long on Variational Omni Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.156%+$16 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.092%, 7d avg +0.062%

Together, before fees+0.107%+ Points / potential airdropVariational Omni: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and RISEx is 0.030% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CL	93.159	−0.0156	get 0.0078% / 4h	3h 27m	$13.4M	$10.9M	—
Short	RISEx CL/USDC	93.244	0	get 0.0000% / 1h	27m 38s	$3.1M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.092%Rate

Funding earned: $32.84
Price spread: +0.092% → +0.062%: $3.02
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $29.86
Costs to cover: 0.060%
Break-even: 0.6 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; RISEx: live order book, 1 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, 2 min ago	2.26 bp	doesn't fit	2.5 bp −$25	5.8 bp −$577	doesn't fit
Sell RISEx live order book, 1 min ago	1.23 bp	4.2 bp −$4	5.3 bp −$53	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	−0.0608%	1h	93.140	−0.020%	$199K	$370K	15x	as long as short
GRVT CL_USDT_Perp	−0.0286%	4h	93.168	+0.010%	$54K	$645K	25x	as long as short
Aster CLUSD1	−0.0262%	4h	93.219	+0.065%	$24.2M	$66.4M	20x	as long as short
Binance CLUSDT	−0.0175%	4h	93.189	+0.033%	$245.5M	$940.5M	100x	as long as short
Variational Omni CLlong	−0.0156%	4h	93.159	long leg	$13.4M	$10.9M	—
Bitget CLUSDT	−0.0126%	4h	93.167	+0.009%	$41.9M	$43.2M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0123%	1h	93.110	−0.052%	$3.5M	$5.3M	20x	as long as short
Nado WTI-PERP	−0.0121%	1h	93.228	+0.074%	$964K	$631K	10x	as long as short
Aftermath Perps WTIUSD	−0.0111%	1h	93.225	+0.072%	$2K	$27K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.176	+0.019%	$278K	$953K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0059%	8h	93.120	−0.042%	$21.2M	$51.4M	100x	as long as short
edgeX CLUSDC	−0.0056%	4h	93.172	+0.014%	$524K	$307K	30x	as long as short
OKX CL-USDT-SWAP	−0.0044%	4h	93.170	+0.012%	$42.7M	$102.7M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	+0.034%	$401K	$927K	15x	as long as short
tradeXYZ xyz:CL	−0.0039%	1h	93.183	+0.026%	$184.4M	$217.9M	20x	as long as short
QFEX CL-USD	−0.0033%	1h	93.160	+0.001%	$2.3M	$1.8M	10x	as long as short
Paradex CL-USD-PERP	−0.0019%	8h	93.176	+0.019%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.210	+0.055%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.263	+0.112%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.202	+0.046%	$26.9M	$80.5M	150x	as long as short
RISEx CL/USDCshort	0.0000%	1h	93.244	+0.092%	$3.1M	$2.9M	20x
Bullet WTIOIL-USD	0.0000%	1h	93.184	+0.027%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.740	−0.449%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0004%	4h	93.197	+0.041%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	+0.0024%	1h	93.187	+0.030%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.230	+0.077%	$2.0M	$18.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	−0.009%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.190	+0.034%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.180	+0.023%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.176	+0.019%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.181	+0.024%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.170	+0.012%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.149	−0.010%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0200%	4h	93.160	+0.001%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.51	+10.038%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0222% / S −0.0149%	1h	93.175	+0.018%	$81K	—	111x	as long as short