Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Bitget against Vest−0.052%7-day average +0.921% · you buy dearer than you sell

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

Long on Vest Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.039%−$4 on $10k

Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.052%, 7d avg +0.921%

Together, before fees−0.034%+ Points / potential airdropVest: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.973% cheaper against Vest than usual: you would sell low and buy high (−$97 if the spread goes back to its 7-day average of +0.921%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CL-PERP	92.020	0.0046	pay 0.0006% / 1h	23m 56s	—	$243K	10x
Short	Bitget CLUSDT	91.972	0	get 0.0000% / 4h	2h 23m	$42.2M	$69.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$9.59
Price spread: −0.052% → +0.921%: −$97.33
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$120.93
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	0.71 bp	9.3 bp −$9	12.4 bp −$124	doesn't fit	doesn't fit

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 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	91.980	−0.043%	$2.4M	$2.8M	10x	as long as short
Aster CLUSD1	0.0000%	4h	92.005	−0.016%	$24.6M	$77.0M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.916	−0.113%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.985	−0.038%	$247.0M	$1.14B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.970	−0.054%	$25.3M	$100.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.960	−0.065%	$43.1M	$117.1M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.900	−0.130%	$21.2M	$63.1M	100x	as long as short
Bitget CLUSDTshort	0.0000%	4h	91.972	−0.052%	$42.2M	$69.1M	100x
Variational Omni CL	0.0000%	4h	91.992	−0.031%	$13.7M	$16.1M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.989	−0.034%	$58K	$782K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.990	−0.033%	$95K	$291K	15x	as long as short
Aftermath Perps WTIUSD	+0.0001%	1h	91.967	−0.058%	$2K	$31K	5x	as long as short
Bullet WTIOIL-USD	+0.0005%	1h	91.976	−0.048%	$18K	$241K	10x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.000	−0.022%	$33K	$99K	20x	as long as short
Lighter WTI	+0.0032%	1h	91.948	−0.078%	$11.0M	$12.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.016	−0.004%	$1.9M	$29.7M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.044	+0.026%	$17K	$18K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	91.988	−0.035%	$258K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	92.000	−0.022%	$725K	$3.0M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.065%	$393K	$1.3M	15x	as long as short
edgeX CLUSDC	+0.0042%	4h	91.987	−0.036%	$529K	$341K	30x	as long as short
Vest CL-PERPlong	+0.0046%	1h	92.020	long leg	—	$243K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.977	−0.047%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.981	−0.042%	$2.0M	$40K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.980	−0.043%	$3.5M	$6.6M	20x	as long as short
tradeXYZ xyz:CL	+0.0060%	1h	91.963	−0.062%	$182.3M	$294.2M	20x	as long as short
Paradex CL-USD-PERP	+0.0097%	8h	91.945	−0.082%	$15K	$367	5x	as long as short
Pacifica CL	+0.0100%	1h	91.990	−0.033%	$332K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.971	−0.053%	$7.4M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.080	+0.065%	$55K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.972	−0.052%	$4K	$49	10x	as long as short
Nado WTI-PERP	+0.0185%	1h	91.964	−0.061%	$879K	$786K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	91.985	−0.038%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.910	−0.120%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.121	+0.110%	$3.2M	$2.7M	20x	as long as short