Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0266%/8h= −29.1% APRpaid last 24h −0.031%

Price spread now: GRVT against Vest−0.004%7-day average +1.081% · you buy dearer than you sell

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

Long on Vest Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.031%−$3 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.004%, 7d avg +1.081%

Together, before fees−0.038%+ Points / potential airdropVest: Active · GRVT: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GRVT is 1.086% cheaper against Vest than usual: you would sell low and buy high (−$109 if the spread goes back to its 7-day average of +1.081%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.031% in total (about -3.4% 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	92.840	0.0046	pay 0.0006% / 1h	0m 40s	—	$310K	10x
Short	GRVT CL_USDT_Perp	92.836	−0.0220	pay 0.0110% / 4h	2h 00m	$53K	$623K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$55.79
Price spread: −0.004% → +1.081%: −$108.59
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$175.39
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; GRVT: live order book, 2 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 GRVT live order book, 2 min ago	0.54 bp	6.0 bp −$6	8.6 bp −$86	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0612%	1h	92.770	−0.075%	$198K	$365K	15x	as long as short
Aster CLUSD1	−0.0251%	4h	92.920	+0.086%	$24.0M	$71.2M	20x	as long as short
GRVT CL_USDT_Perpshort	−0.0220%	4h	92.836	−0.004%	$53K	$623K	25x
Binance CLUSDT	−0.0217%	4h	92.910	+0.075%	$244.6M	$964.3M	100x	as long as short
Variational Omni CL	−0.0211%	4h	92.799	−0.044%	$13.5M	$11.1M	—	as long as short
Gate CL_USDT	−0.0098%	8h	92.820	−0.022%	$20.9M	$54.2M	100x	as long as short
edgeX CLUSDC	−0.0090%	4h	92.841	+0.001%	$529K	$303K	30x	as long as short
Nado WTI-PERP	−0.0076%	1h	92.856	+0.018%	$962K	$669K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.097%	$402K	$946K	15x	as long as short
tradeXYZ xyz:CL	−0.0044%	1h	92.874	+0.037%	$184.6M	$219.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.844	+0.005%	$273K	$883K	25x	as long as short
QFEX CL-USD	−0.0033%	1h	92.800	−0.043%	$2.5M	$1.7M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0018%	1h	92.740	−0.108%	$3.5M	$5.7M	20x	as long as short
Aftermath Perps WTIUSD	−0.0008%	1h	92.842	+0.003%	$2K	$28K	5x	as long as short
OKX CL-USDT-SWAP	−0.0005%	4h	92.920	+0.086%	$42.8M	$102.7M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.829	−0.012%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.940	+0.108%	$26.9M	$81.5M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.880	+0.043%	$41.9M	$43.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.860	+0.022%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.825	−0.016%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.374	−0.502%	$5K	—	150x	as long as short
Lighter WTI	+0.0032%	1h	92.916	+0.082%	$11.2M	$10.5M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.910	+0.075%	$2.1M	$23.7M	10x	as long as short
Paradex CL-USD-PERP	+0.0034%	8h	92.897	+0.062%	$16K	$367	5x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.936	+0.104%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.360	−0.517%	$726K	$2.9M	40x	as long as short
Vest CL-PERPlong	+0.0046%	1h	92.840	long leg	—	$310K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.828	−0.013%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.813	−0.029%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0084%	4h	92.876	+0.039%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.904	+0.069%	$332K	$618K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.880	+0.043%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.779	−0.066%	$4K	—	10x	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	102.04	+9.905%	$19K	$11K	30x	as long as short