Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0004%/8hnext payment −$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: ApeX Omni against Aevo−0.043%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.043% cheaper against Aevo than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo WTIOIL-PERP	92.039	0.0104	pay 0.0013% / 1h	23m 09s	$4K	$49	10x
Short	ApeX Omni CLUSDT	92.000	0.0100	get 0.0013% / 1h	23m 09s	$55K	$272K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aevo. 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 AevobpFee ApeX OmnibpOrdersPrice spread, now −0.043%Rate

Funding earned: −$0.84
Price spread: −0.043% → 0.000%: −$4.26
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$31.1
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; ApeX Omni: live order book, 8 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 Aevo no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 8 min ago	8.69 bp	19.5 bp −$19	200.3 bp −$2,003	doesn't fit	doesn't fit

Aevo: 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
Ondo Perps WTI-USD.P	−0.0106%	1h	91.980	−0.064%	$3.5M	$6.3M	20x	as long as short
Binance CLUSDT	−0.0097%	4h	92.030	−0.010%	$245.4M	$1.05B	100x	as long as short
Aster CLUSD1	−0.0095%	4h	92.061	+0.023%	$24.8M	$70.7M	20x	as long as short
Variational Omni CL	−0.0079%	4h	91.945	−0.103%	$13.4M	$16.7M	—	as long as short
Nado WTI-PERP	−0.0079%	1h	92.072	+0.036%	$843K	$752K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0076%	1h	92.090	+0.055%	$96K	$470K	15x	as long as short
Aftermath Perps WTIUSD	−0.0075%	1h	92.050	+0.011%	$2K	$33K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0059%	1h	92.113	+0.080%	$267K	$1.3M	25x	as long as short
Lighter WTI	−0.0040%	1h	92.036	−0.004%	$11.1M	$12.5M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0038% / S +0.0036%	1h	91.802	−0.258%	$178K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT CL_USDT_Perp	−0.0022%	4h	91.960	−0.086%	$58K	$812K	25x	as long as short
QFEX CL-USD	−0.0022%	1h	92.020	−0.021%	$2.4M	$2.8M	10x	as long as short
tradeXYZ xyz:CL	−0.0018%	1h	92.015	−0.026%	$183.4M	$287.0M	20x	as long as short
Bullet WTIOIL-USD	−0.0017%	1h	92.054	+0.016%	$19K	$246K	10x	as long as short
Gate CL_USDT	−0.0007%	8h	91.990	−0.053%	$21.1M	$61.6M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.035	−0.005%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.020	−0.021%	$24.7M	$95.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.000	−0.043%	$43.2M	$112.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.136	+0.105%	$3.1M	$2.6M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.026	−0.014%	$42.5M	$63.7M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.120	+0.088%	$395K	$1.1M	15x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	91.992	−0.052%	$15K	$367	5x	as long as short
Phoenix WTIOIL	+0.0026%	1h	92.020	−0.021%	$33K	$99K	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.120	+0.088%	$1.9M	$29.3M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.595	+0.604%	$18K	$14K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.040	+0.001%	$726K	$2.6M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.130	+0.099%	—	$243K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.074	+0.038%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.995	−0.048%	$2.0M	$45K	20x	as long as short
edgeX CLUSDC	+0.0093%	4h	91.977	−0.068%	$529K	$351K	30x	as long as short
Pacifica CL	+0.0100%	1h	92.030	−0.010%	$315K	$542K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.074	+0.038%	$7.5M	$1.2M	50x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	92.000	−0.043%	$55K	$272K	50x
Aevo WTIOIL-PERPlong	+0.0104%	1h	92.039	long leg	$4K	$49	10x
GMX WTIOIL/USD [ETH-USDC]	L +0.0127% / S +0.0033%	1h	92.055	+0.017%	$79K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.030	−0.010%	$4.1M	$1.5M	50x	as long as short