Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.3% APRpaid last 24h +0.021%

Price spread now: Bybit against Aftermath Perps−0.034%53s7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 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 pays, the price is against you. Bybit is 0.034% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.034% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps WTIUSD	93.033	−0.0104	get 0.0013% / 1h	15m 38s	$2K	$27K	5x
Short	Bybit CLUSDT	93.001	0	get 0.0000% / 8h	4h 15m	$26.7M	$80.3M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Aftermath Perps. 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 Aftermath PerpsbpFee BybitbpOrdersPrice spread, now −0.034%Rate

Funding earned: $21.76
Price spread: −0.034% → 0.000%: −$3.42
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1.66
Costs to cover: 0.200%
Break-even: 7.5 days

Slippage unknown: Aftermath Perps: no order-book sample; Bybit: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	0.54 bp	6.0 bp −$6	7.4 bp −$74	16.5 bp −$1,647	112.7 bp −$56.4K

Aftermath Perps: 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	−0.0395%	1h	93.020	−0.014%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0263%	4h	93.052	+0.020%	$24.0M	$66.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0240%	4h	93.010	−0.025%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	93.080	+0.050%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0185%	4h	93.005	−0.030%	$244.5M	$947.7M	100x	as long as short
Variational Omni CL	−0.0176%	4h	93.029	−0.004%	$13.5M	$10.9M	—	as long as short
Bitget CLUSDT	−0.0118%	4h	92.976	−0.061%	$41.9M	$43.7M	100x	as long as short
tradeXYZ xyz:CL	−0.0108%	1h	93.011	−0.023%	$184.6M	$214.5M	20x	as long as short
Aftermath Perps WTIUSDlong	−0.0104%	1h	93.033	long leg	$2K	$27K	5x
Ondo Perps WTI-USD.P	−0.0087%	1h	93.030	−0.003%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0052%	4h	93.010	−0.025%	$42.5M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.304%	$402K	$944K	15x	as long as short
Gate CL_USDT	−0.0046%	8h	92.940	−0.100%	$20.8M	$52.0M	100x	as long as short
QFEX CL-USD	−0.0043%	1h	93.000	−0.035%	$2.4M	$1.7M	10x	as long as short
edgeX CLUSDC	−0.0034%	4h	93.009	−0.025%	$530K	$301K	30x	as long as short
Nado WTI-PERP	−0.0027%	1h	93.072	+0.042%	$962K	$649K	10x	as long as short
KuCoin CLUSDTM	−0.0022%	4h	93.021	−0.013%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	0.0000%	1h	93.001	−0.034%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.113	+0.086%	$8K	$3K	5x	as long as short
Bybit CLUSDTshort	0.0000%	8h	93.001	−0.034%	$26.7M	$80.3M	150x
RISEx CL/USDC	0.0000%	1h	93.063	+0.033%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.090	+0.061%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.046	+0.014%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.601	−0.464%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0014%	8h	92.985	−0.051%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.030	−0.003%	$2.0M	$20.4M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.040	+0.008%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.060	+0.029%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.047	+0.015%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.042	+0.010%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.011	−0.024%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.080	+0.051%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.027	−0.006%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0185%	4h	93.030	−0.003%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0215% / S −0.0143%	1h	93.045	+0.013%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.25	+9.909%	$19K	$11K	30x	as long as short