Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.047%

Price spread now: Binance against Vest−0.011%7-day average +0.854% · you buy dearer than you sell

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

Long on Vest Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.048%−$5 on $10k

Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.011%, 7d avg +0.854%

Together, before fees−0.037%+ Points / potential airdropVest: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.864% cheaper against Vest than usual: you would sell low and buy high (−$86 if the spread goes back to its 7-day average of +0.854%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.048% in total (about -4.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CL-PERP	92.990	0.0046	pay 0.0006% / 1h	45m 21s	—	$313K	10x
Short	Binance CLUSDT	92.980	−0.0138	pay 0.0069% / 4h	3h 45m	$246.7M	$929.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Vest. 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 VestbpFee BinancebpOrdersPrice spread, now −0.011%Rate

Funding earned: −$38.62
Price spread: −0.011% → +0.854%: −$86.45
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Binance: 5 bp × 2 orders: −$10
Net: −$137.07
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Binance: live order book, 14 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 Vest no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	0.54 bp	5.5 bp −$6	5.6 bp −$56	8.0 bp −$801	25.7 bp −$12.9K

Vest: 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	−0.0610%	1h	92.950	−0.043%	$188K	$408K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0313%	1h	93.005	+0.016%	$270K	$930K	25x	as long as short
Aster CLUSD1	−0.0238%	4h	93.011	+0.023%	$24.7M	$61.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0238%	4h	92.945	−0.049%	$74K	$614K	25x	as long as short
Binance CLUSDTshort	−0.0138%	4h	92.980	−0.011%	$246.7M	$929.0M	100x
Variational Omni CL	−0.0120%	4h	92.980	−0.011%	$13.6M	$10.7M	—	as long as short
Gate CL_USDT	−0.0117%	8h	92.910	−0.086%	$23.4M	$49.0M	100x	as long as short
Nado WTI-PERP	−0.0110%	1h	93.038	+0.052%	$952K	$609K	10x	as long as short
Bitget CLUSDT	−0.0088%	4h	92.966	−0.026%	$42.1M	$41.7M	100x	as long as short
Aftermath Perps WTIUSD	−0.0074%	1h	92.992	+0.002%	$2K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0057%	4h	92.970	−0.022%	$42.6M	$103.2M	50x	as long as short
edgeX CLUSDC	−0.0046%	4h	92.938	−0.056%	$542K	$343K	30x	as long as short
tradeXYZ xyz:CL	−0.0042%	1h	92.991	+0.001%	$184.2M	$196.3M	20x	as long as short
QFEX CL-USD	−0.0026%	1h	92.960	−0.032%	$2.3M	$2.5M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0007%	1h	92.960	−0.032%	$3.6M	$5.2M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.037	+0.051%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.000	+0.011%	$27.5M	$80.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.017	+0.029%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.978	−0.013%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.569	−0.453%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0008%	8h	92.961	−0.031%	$16K	$367	5x	as long as short
Phoenix WTIOIL	+0.0009%	1h	93.020	+0.032%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.183%	$404K	$808K	15x	as long as short
Lighter WTI	+0.0024%	1h	92.970	−0.022%	$11.3M	$8.7M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.020	+0.032%	$1.7M	$14.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.000	+0.011%	$733K	$2.8M	40x	as long as short
Vest CL-PERPlong	+0.0046%	1h	92.990	long leg	—	$313K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.992	+0.002%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.975	−0.016%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.001	+0.012%	$347K	$586K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.997	+0.008%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.010	+0.022%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.950	−0.043%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S 0.0000%	1h	92.975	−0.016%	$85K	—	111x	as long as short
BloFin CL-USDT	+0.0182%	4h	92.980	−0.011%	$4.1M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.833%	$19K	$5K	30x	as long as short