Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.038%

Price spread now: Binance against Aevo+0.015%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Binance

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo WTIOIL-PERP	91.760	0.0104	pay 0.0013% / 1h	45m 42s	$4K	—	10x
Short	Binance CLUSDT	91.774	0	get 0.0000% / 4h	1h 45m	$245.1M	$1.13B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.015%Rate

Funding earned: −$21.84
Price spread: +0.015% → 0.000%: $1.47
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$46.37
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Binance: live order book, 13 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 Binance live order book, 13 min ago	0.54 bp	5.5 bp −$6	6.8 bp −$68	8.4 bp −$841	24.9 bp −$12.5K

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
ApeX Omni CLUSDT	−0.0478%	1h	91.750	−0.011%	$55K	$266K	50x	as long as short
Lighter WTI	−0.0328%	1h	91.746	−0.015%	$11.0M	$11.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0294%	1h	91.790	+0.033%	$95K	$260K	15x	as long as short
Nado WTI-PERP	−0.0233%	1h	91.849	+0.096%	$908K	$755K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0212%	1h	91.740	−0.022%	$3.5M	$6.5M	20x	as long as short
tradeXYZ xyz:CL	−0.0208%	1h	91.786	+0.028%	$184.9M	$285.5M	20x	as long as short
Bullet WTIOIL-USD	−0.0179%	1h	91.773	+0.014%	$19K	$240K	10x	as long as short
Aftermath Perps WTIUSD	−0.0141%	1h	91.775	+0.016%	$2K	$30K	5x	as long as short
Paradex CL-USD-PERP	−0.0082%	8h	91.756	−0.004%	$15K	$367	5x	as long as short
Polymarket Perps WTIOIL-USD	−0.0042%	1h	91.770	+0.011%	$1.6M	$1.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended WTI-USD	−0.0024%	1h	91.820	+0.065%	$2.0M	$29.2M	10x	as long as short
Aster CLUSD1	0.0000%	4h	91.770	+0.011%	$23.9M	$78.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.787	+0.029%	$8K	$3K	5x	as long as short
Binance CLUSDTshort	0.0000%	4h	91.774	+0.015%	$245.1M	$1.13B	100x
Bybit CLUSDT	0.0000%	8h	91.781	+0.023%	$25.2M	$98.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.770	+0.011%	$43.0M	$114.5M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.790	+0.033%	$2.4M	$2.7M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.720	−0.044%	$21.2M	$58.8M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	91.769	+0.010%	$42.0M	$64.4M	100x	as long as short
Variational Omni CL	0.0000%	4h	91.707	−0.058%	$13.4M	$15.2M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.719	−0.044%	$58K	$734K	25x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.371	−0.424%	$40K	—	10x	as long as short
edgeX CLUSDC	+0.0009%	4h	91.726	−0.037%	$527K	$342K	30x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.800	+0.044%	$33K	$99K	20x	as long as short
StandX CL-USD	+0.0040%	1h	91.720	−0.044%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.880	+0.131%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.760	0.000%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	91.773	+0.015%	$332K	$572K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.792	+0.035%	$7.3M	$2.0M	50x	as long as short
Aevo WTIOIL-PERPlong	+0.0104%	1h	91.760	long leg	$4K	—	10x
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.720	−0.044%	$384K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.08	+10.155%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0211% / S −0.0127%	1h	91.775	+0.016%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.770	+0.011%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0451%	1h	91.801	+0.045%	$256K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	91.872	+0.123%	$3.2M	$2.7M	20x	as long as short