Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Bybit against Vest−0.025%7-day average +0.863% · you buy dearer than you sell

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

Long on Vest Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.058%−$6 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.025%, 7d avg +0.863%

Together, before fees−0.026%+ 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 Bybit is 0.888% cheaper against Vest than usual: you would sell low and buy high (−$89 if the spread goes back to its 7-day average of +0.863%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CL-PERP	92.840	0.0046	pay 0.0006% / 1h	31m 16s	—	$310K	10x
Short	Bybit CLUSDT	92.817	0	get 0.0000% / 8h	5h 31m	$26.5M	$81.2M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$9.59
Price spread: −0.025% → +0.863%: −$88.82
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$111.42
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.54 bp	6.9 bp −$7	8.1 bp −$81	16.0 bp −$1,602	98.1 bp −$49.0K

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	−0.0504%	1h	92.790	−0.054%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0249%	4h	92.818	−0.024%	$23.9M	$68.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0234%	4h	92.817	−0.025%	$61K	$625K	25x	as long as short
Binance CLUSDT	−0.0210%	4h	92.820	−0.022%	$244.8M	$955.2M	100x	as long as short
Variational Omni CL	−0.0204%	4h	92.697	−0.154%	$13.5M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0170%	1h	92.790	−0.054%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0152%	1h	92.874	+0.037%	$961K	$664K	10x	as long as short
Gate CL_USDT	−0.0091%	8h	92.760	−0.086%	$20.9M	$52.5M	100x	as long as short
edgeX CLUSDC	−0.0071%	4h	92.795	−0.049%	$528K	$303K	30x	as long as short
tradeXYZ xyz:CL	−0.0068%	1h	92.821	−0.020%	$184.5M	$218.3M	20x	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	−0.0048%	4h	92.800	−0.043%	$42.8M	$101.9M	50x	as long as short
Aftermath Perps WTIUSD	−0.0041%	1h	92.818	−0.024%	$2K	$27K	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.097%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.790	−0.054%	$2.5M	$1.7M	10x	as long as short
Extended WTI-USD	−0.0016%	1h	92.855	+0.016%	$2.1M	$22.8M	10x	as long as short
Lighter WTI	0.0000%	1h	92.816	−0.026%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.862	+0.023%	$8K	$3K	5x	as long as short
Bybit CLUSDTshort	0.0000%	8h	92.817	−0.025%	$26.5M	$81.2M	150x
Bitget CLUSDT	0.0000%	4h	92.805	−0.038%	$41.9M	$43.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.790	−0.054%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.817	−0.025%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.380	−0.495%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	92.794	−0.049%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.520	−0.345%	$727K	$2.9M	40x	as long as short
KuCoin CLUSDTM	+0.0042%	4h	92.838	−0.002%	$7.3M	$2.3M	50x	as long as short
Vest CL-PERPlong	+0.0046%	1h	92.840	long leg	—	$310K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.825	−0.016%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.809	−0.033%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.931	+0.099%	$3.3M	$2.7M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.814	−0.028%	$331K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.830	−0.011%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.784	−0.060%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.834	−0.006%	$273K	$872K	25x	as long as short
BloFin CL-USDT	+0.0194%	4h	92.820	−0.022%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.815	−0.027%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+9.817%	$19K	$11K	30x	as long as short