Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0478%/8h= +52.4% APRpaid last 24h −0.032%

Price spread now: Bitget against ApeX Omni+0.010%93s7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$610.612% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.423%−$42 on $10k

Price spread, last 3 days (all we have)−0.065%−$6 · spread now +0.010%, 7d avg −0.005%

Together, before fees−0.488%−$49 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.005%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.423%, so the current rate has only just turned in your favour. The two prices were read 93 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	ApeX Omni CLUSDT	91.750	−0.0478	get 0.0060% / 1h	45m 54s	$55K	$266K	50x
Short	Bitget CLUSDT	91.759	0	get 0.0000% / 4h	1h 45m	$42.0M	$64.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.010%Rate

Funding earned: $100.48
Price spread: +0.010% → −0.005%: $1.47
Slippage, 4 orders: −$39.18
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $40.77
Costs to cover: 0.612%
Break-even: 4.2 days

Slippage from ApeX Omni: live order book, 36 min ago; Bitget: live order book, 3 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, 36 min ago	0.54 bp	11.5 bp −$11	182.9 bp −$1,829	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.44 bp	6.4 bp −$6	8.8 bp −$88	doesn't fit	doesn't fit

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 CLUSDTlong	−0.0478%	1h	91.750	long leg	$55K	$266K	50x
Lighter WTI	−0.0328%	1h	91.715	−0.038%	$11.0M	$11.2M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0294%	1h	91.790	+0.044%	$95K	$260K	15x	as long as short
Nado WTI-PERP	−0.0233%	1h	91.849	+0.107%	$908K	$755K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0218%	1h	91.720	−0.033%	$3.5M	$6.5M	20x	as long as short
tradeXYZ xyz:CL	−0.0211%	1h	91.770	+0.022%	$184.8M	$285.5M	20x	as long as short
Bullet WTIOIL-USD	−0.0179%	1h	91.773	+0.025%	$19K	$240K	10x	as long as short
Aftermath Perps WTIUSD	−0.0141%	1h	91.775	+0.027%	$2K	$30K	5x	as long as short
Paradex CL-USD-PERP	−0.0083%	8h	91.750	0.000%	$15K	$367	5x	as long as short
Polymarket Perps WTIOIL-USD	−0.0042%	1h	91.770	+0.022%	$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	+0.076%	$2.0M	$29.2M	10x	as long as short
Aster CLUSD1	0.0000%	4h	91.770	+0.022%	$23.9M	$78.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.787	+0.040%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.760	+0.011%	$245.1M	$1.13B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.772	+0.024%	$25.2M	$98.5M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.750	0.000%	$43.0M	$114.5M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.790	+0.044%	$2.4M	$2.7M	10x	as long as short
Gate CL_USDT	0.0000%	8h	91.720	−0.033%	$21.2M	$58.8M	100x	as long as short
Bitget CLUSDTshort	0.0000%	4h	91.759	+0.010%	$42.0M	$64.4M	100x
Variational Omni CL	0.0000%	4h	91.707	−0.047%	$13.4M	$15.2M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.719	−0.033%	$58K	$734K	25x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.371	−0.413%	$40K	—	10x	as long as short
edgeX CLUSDC	+0.0009%	4h	91.726	−0.026%	$527K	$342K	30x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.800	+0.054%	$33K	$99K	20x	as long as short
StandX CL-USD	+0.0040%	1h	91.720	−0.033%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	91.880	+0.142%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.760	+0.011%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	91.785	+0.038%	$332K	$572K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	91.792	+0.046%	$7.3M	$2.0M	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.760	+0.011%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	91.720	−0.033%	$384K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	101.08	+10.167%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0211% / S −0.0127%	1h	91.775	+0.027%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.770	+0.022%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0451%	1h	91.801	+0.056%	$256K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	91.872	+0.133%	$3.2M	$2.7M	20x	as long as short