Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0292%/8h= −31.9% APRpaid last 24h −0.057%

Price spread now: Binance against ApeX Omni−0.083%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$510.515% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.309%−$31 on $10k

Price spread, last 4 days (all we have)+0.241%+$24 · spread now −0.083%, 7d avg +0.036%

Together, before fees−0.069%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 0.119% cheaper against ApeX Omni than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CLUSDT	93.500	0.0100	pay 0.0013% / 1h	26m 48s	$54K	$266K	50x
Short	Binance CLUSDT	93.422	−0.0192	pay 0.0096% / 4h	2h 26m	$246.5M	$933.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.083%Rate

Funding earned: −$61.27
Price spread: −0.083% → +0.036%: −$11.93
Slippage, 4 orders: −$31.46
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$124.66
Costs to cover: 0.515%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 20 min ago; Binance: live order book, 2 min ago.

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 ApeX Omni live order book, 20 min ago	8.57 bp	19.7 bp −$20	192.4 bp −$1,924	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	8.1 bp −$812	26.2 bp −$13.1K

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	−0.0499%	1h	93.390	−0.118%	$197K	$374K	15x	as long as short
GRVT CL_USDT_Perp	−0.0320%	4h	93.424	−0.082%	$58K	$639K	25x	as long as short
Aster CLUSD1	−0.0303%	4h	93.470	−0.032%	$24.4M	$65.1M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.456	−0.047%	$285K	$960K	25x	as long as short
Binance CLUSDTshort	−0.0192%	4h	93.422	−0.083%	$246.5M	$933.9M	100x
Variational Omni CL	−0.0184%	4h	93.331	−0.181%	$13.3M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0149%	1h	93.406	−0.101%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0135%	1h	93.574	+0.079%	$968K	$617K	10x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.410	−0.096%	$42.1M	$42.9M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0121%	1h	93.450	−0.053%	$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
edgeX CLUSDC	−0.0081%	4h	93.377	−0.131%	$525K	$305K	30x	as long as short
Gate CL_USDT	−0.0079%	8h	93.380	−0.128%	$21.8M	$49.7M	100x	as long as short
tradeXYZ xyz:CL	−0.0065%	1h	93.442	−0.062%	$185.0M	$214.8M	20x	as long as short
OKX CL-USDT-SWAP	−0.0060%	4h	93.420	−0.086%	$42.6M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.364%	$403K	$928K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.490	−0.011%	$2.3M	$2.3M	10x	as long as short
Lighter WTI	0.0000%	1h	93.437	−0.067%	$11.2M	$9.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.496	−0.005%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.441	−0.063%	$27.1M	$79.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.519	+0.021%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	−0.128%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.468	−0.034%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.005	−0.529%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0005%	8h	93.460	−0.043%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.470	−0.032%	$2.0M	$17.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.440	−0.064%	$740K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.480	−0.021%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.494	−0.007%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.462	−0.041%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.425	−0.080%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0058%	4h	93.491	−0.010%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDTlong	+0.0100%	1h	93.500	long leg	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	93.413	−0.093%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0179%	4h	93.490	−0.011%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.736%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0237% / S −0.0169%	1h	93.465	−0.037%	$84K	—	111x	as long as short