Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0142%/8h= −15.6% APRpaid last 24h −0.018%

Price spread now: Variational Omni against Vest−0.094%7-day average +0.886% · you buy dearer than you sell

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

Long on Vest Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.021%−$2 on $10k

Price spread, last 3 days (all we have)+0.226%+$23 · spread now −0.094%, 7d avg +0.886%

Together, before fees+0.206%+ Points / potential airdropVest: Active · Variational Omni: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.980% cheaper against Vest than usual: you would sell low and buy high (−$98 if the spread goes back to its 7-day average of +0.886%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CL-PERP	92.080	0.0046	pay 0.0006% / 1h	46m 45s	—	$308K	10x
Short	Variational Omni CL	91.994	−0.0096	pay 0.0048% / 4h	46m 45s	$13.4M	$13.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.094%Rate

Funding earned: −$29.85
Price spread: −0.094% → +0.886%: −$98
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$129.84
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 2 min ago	2.27 bp	doesn't fit	2.3 bp −$23	6.7 bp −$665	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 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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.042	−0.041%	$275K	$1.2M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.030	−0.054%	$96K	$189K	15x	as long as short
GRVT CL_USDT_Perp	−0.0290%	4h	91.994	−0.094%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0218%	4h	92.020	−0.065%	$23.9M	$77.6M	20x	as long as short
Nado WTI-PERP	−0.0174%	1h	92.089	+0.010%	$923K	$744K	10x	as long as short
Binance CLUSDT	−0.0137%	4h	92.004	−0.083%	$245.2M	$1.10B	100x	as long as short
Lighter WTI	−0.0136%	1h	92.007	−0.079%	$11.1M	$10.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0135%	1h	92.000	−0.087%	$3.5M	$6.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0110%	1h	92.024	−0.061%	$185.7M	$275.7M	20x	as long as short
Paradex CL-USD-PERP	−0.0106%	8h	91.995	−0.092%	$15K	$367	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CLshort	−0.0096%	4h	91.994	−0.094%	$13.4M	$13.0M	—
Bullet WTIOIL-USD	−0.0079%	1h	92.016	−0.070%	$19K	$241K	10x	as long as short
QFEX CL-USD	−0.0054%	1h	92.000	−0.087%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDT	−0.0021%	8h	91.950	−0.141%	$21.3M	$57.5M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.022	−0.063%	$332K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.030%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.040	−0.043%	$25.6M	$94.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.010	−0.076%	$43.1M	$113.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.128	+0.052%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.001	−0.086%	$41.9M	$51.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.080	0.000%	$37K	$101K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.054%	$399K	$984K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.606	−0.515%	$4K	—	150x	as long as short
Polymarket Perps WTIOIL-USD	+0.0022%	1h	92.008	−0.078%	$1.6M	$1.4M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.075	−0.005%	$2.0M	$27.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.000	−0.087%	$723K	$3.1M	40x	as long as short
Aftermath Perps WTIUSD	+0.0044%	1h	92.027	−0.058%	$2K	$29K	5x	as long as short
Vest CL-PERPlong	+0.0046%	1h	92.080	long leg	—	$308K	10x
SoDEX CL-USD	+0.0050%	1h	92.015	−0.071%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0068%	4h	92.022	−0.063%	$529K	$335K	30x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.015	−0.071%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.050	−0.033%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.982	−0.107%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.005	−0.081%	$76K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+9.986%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.000	−0.087%	$4.0M	$1.4M	50x	as long as short