Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0234%/8h= −25.6% APRpaid last 24h −0.039%

Price spread now: Bitget against Aevo+0.042%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 Bitget

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 pays, funding is against you. Bitget is 0.042% dearer against Aevo than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo WTIOIL-PERP	93.105	0.0104	pay 0.0013% / 1h	21m 17s	$4K	—	10x
Short	Bitget CLUSDT	93.144	−0.0130	pay 0.0065% / 4h	3h 21m	$42.0M	$43.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$49.14
Price spread: +0.042% → 0.000%: $4.22
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$72.92
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bitget: 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 Aevo no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	0.32 bp	6.9 bp −$7	8.8 bp −$88	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0716%	1h	93.100	−0.005%	$199K	$370K	15x	as long as short
GRVT CL_USDT_Perp	−0.0308%	4h	93.140	+0.038%	$54K	$645K	25x	as long as short
Aster CLUSD1	−0.0275%	4h	93.150	+0.048%	$24.1M	$66.0M	20x	as long as short
Binance CLUSDT	−0.0181%	4h	93.138	+0.036%	$245.7M	$940.2M	100x	as long as short
Variational Omni CL	−0.0162%	4h	93.128	+0.025%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0130%	1h	93.120	+0.016%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDTshort	−0.0130%	4h	93.144	+0.042%	$42.0M	$43.2M	100x
Aftermath Perps WTIUSD	−0.0123%	1h	93.162	+0.061%	$2K	$27K	5x	as long as short
Nado WTI-PERP	−0.0120%	1h	93.194	+0.096%	$964K	$630K	10x	as long as short
Gate CL_USDT	−0.0064%	8h	93.080	−0.027%	$21.2M	$51.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.144	+0.043%	$280K	$957K	25x	as long as short
OKX CL-USDT-SWAP	−0.0057%	4h	93.120	+0.016%	$42.6M	$102.7M	50x	as long as short
tradeXYZ xyz:CL	−0.0050%	1h	93.144	+0.042%	$184.4M	$217.6M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	+0.059%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.120	+0.016%	$2.3M	$1.9M	10x	as long as short
edgeX CLUSDC	−0.0025%	4h	93.174	+0.074%	$524K	$306K	30x	as long as short
Paradex CL-USD-PERP	−0.0025%	8h	93.118	+0.015%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.210	+0.113%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.173	+0.073%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.139	+0.037%	$26.8M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.198	+0.100%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.135	+0.033%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.702	−0.433%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0002%	4h	93.182	+0.083%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	+0.0008%	1h	93.134	+0.031%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0016%	1h	93.190	+0.092%	$2.0M	$18.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.160	+0.059%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.170	+0.070%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.144	+0.042%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.138	+0.036%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.133	+0.030%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.170	+0.070%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERPlong	+0.0104%	1h	93.105	long leg	$4K	—	10x
BloFin CL-USDT	+0.0187%	4h	93.150	+0.049%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.51	+10.102%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0222% / S −0.0150%	1h	93.135	+0.033%	$81K	—	111x	as long as short