Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0166%/8h= −18.1% APRpaid last 24h −0.037%

Price spread now: OKX against Aevo+0.001%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 OKX

What this pair did over the last

the charts below follow

Funding, last 6 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: −$5 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	89.719	0.0104	pay 0.0013% / 1h	7m 41s	$4K	—	10x
Short	OKX CL-USDT-SWAP	89.720	−0.0062	pay 0.0031% / 4h	3h 07m	$38.8M	$181.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$34.76
Price spread: +0.001% → 0.000%: $0.09
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$60.66
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	0.56 bp	5.6 bp −$6	6.6 bp −$66	14.0 bp −$1,405	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 exchanges

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
GMX WTIOIL/USD [ETH-USDC]	L −0.0542% / S +0.0312%	1h	89.705	−0.016%	$49K	—	111x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0418%	1h	89.720	+0.001%	$96K	$654K	15x	as long as short
GRVT CL_USDT_Perp	−0.0256%	4h	89.768	+0.055%	$62K	$391K	25x	as long as short
Aftermath Perps WTIUSD	−0.0183%	1h	89.823	+0.116%	$1K	$23K	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0176%	1h	89.810	+0.101%	$372K	$3.2M	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0166%	1h	89.733	+0.016%	$325K	$3.1M	25x	as long as short
tradeXYZ xyz:CL	−0.0164%	1h	89.767	+0.053%	$147.2M	$362.5M	20x	as long as short
Lighter WTI	−0.0160%	1h	89.727	+0.009%	$10.2M	$12.5M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0143%	1h	89.730	+0.012%	$3.4M	$9.6M	20x	as long as short
Nado WTI-PERP	−0.0123%	1h	89.748	+0.033%	$909K	$686K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CLUSD1	−0.0079%	4h	89.780	+0.068%	$24.4M	$72.7M	20x	as long as short
OKX CL-USDT-SWAPshort	−0.0062%	4h	89.720	+0.001%	$38.8M	$181.5M	50x
Bullet WTIOIL-USD	−0.0024%	1h	89.709	−0.012%	$17K	$224K	10x	as long as short
Binance CLUSDT	−0.0019%	4h	89.733	+0.015%	$229.9M	$1.53B	100x	as long as short
Paradex CL-USD-PERP	−0.0019%	8h	89.742	+0.026%	$12K	$3K	5x	as long as short
QFEX CL-USD	−0.0014%	1h	89.720	+0.001%	$2.3M	$3.8M	10x	as long as short
Phoenix WTIOIL	−0.0009%	1h	89.850	+0.146%	$37K	$72K	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.416	−0.338%	$608	—	20x	as long as short
dYdX WTI-USD	0.0000%	1h	89.778	+0.066%	$8K	$911	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.751	+0.035%	$32.4M	$160.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	89.793	+0.082%	$2.8M	$2.2M	20x	as long as short
Gate CL_USDT	0.0000%	8h	89.690	−0.033%	$28.3M	$68.8M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	89.721	+0.002%	$38.7M	$84.4M	100x	as long as short
Variational Omni CL	0.0000%	4h	89.863	+0.160%	$13.2M	$8.5M	—	as long as short
Extended WTI-USD	+0.0032%	1h	89.800	+0.090%	$2.9M	$22.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	89.730	+0.012%	$688K	$2.2M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.740	+0.023%	—	$80K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.732	+0.014%	$1.7M	$2.8M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.726	+0.008%	$2.0M	$77K	20x	as long as short
edgeX CLUSDC	+0.0059%	4h	89.815	+0.107%	$585K	$444K	30x	as long as short
KuCoin CLUSDTM	+0.0090%	4h	89.738	+0.021%	$7.1M	$3.4M	50x	as long as short
Pacifica CL	+0.0100%	1h	89.758	+0.043%	$318K	$510K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.840	+0.135%	$52K	$271K	50x	as long as short
Aevo WTIOIL-PERPlong	+0.0104%	1h	89.719	long leg	$4K	—	10x
BloFin CL-USDT	+0.0185%	4h	89.720	+0.001%	$3.9M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	91.485	+1.968%	$16K	$5K	30x	as long as short