Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0388%/8h= +42.5% APRpaid last 24h +0.049%

Price spread now: Aevo against Binance−0.036%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.036% cheaper against Binance than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 8 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CLUSDT	92.680	−0.0284	get 0.0142% / 4h	3h 02m	$244.6M	$1.02B	100x
Short	Aevo WTIOIL-PERP	92.646	0.0104	get 0.0013% / 1h	2m 21s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Binance. 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 BinancebpFee AevobpOrdersPrice spread, now −0.036%Rate

Funding earned: $81.41
Price spread: −0.036% → 0.000%: −$3.65
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: $51.76
Costs to cover: 0.260%
Break-even: 2.5 days

Slippage unknown: Binance: live order book, 12 min ago; Aevo: no order-book sample. 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 Binance live order book, 12 min ago	0.54 bp	5.5 bp −$6	5.6 bp −$56	8.5 bp −$850	20.8 bp −$10.4K
Sell Aevo no order-book sample	—	—	—	—	—

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
GRVT CL_USDT_Perp	−0.0346%	4h	92.649	−0.033%	$58K	$630K	25x	as long as short
Aster CLUSD1	−0.0337%	4h	92.716	+0.039%	$23.9M	$75.0M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0289%	1h	92.660	−0.022%	$123K	$274K	15x	as long as short
Binance CLUSDTlong	−0.0284%	4h	92.680	long leg	$244.6M	$1.02B	100x
Variational Omni CL	−0.0273%	4h	92.658	−0.024%	$13.3M	$11.5M	—	as long as short
Gate CL_USDT	−0.0186%	8h	92.600	−0.086%	$21.3M	$55.6M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.709	+0.032%	$275K	$912K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0053%	1h	92.670	−0.011%	$3.5M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0051%	1h	92.754	+0.080%	$935K	$701K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.701%	$399K	$956K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.680	0.000%	$2.4M	$1.7M	10x	as long as short
tradeXYZ xyz:CL	−0.0032%	1h	92.696	+0.017%	$186.0M	$233.6M	20x	as long as short
OKX CL-USDT-SWAP	−0.0002%	4h	92.670	−0.011%	$42.9M	$108.5M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.742	+0.067%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.681	+0.001%	$26.4M	$88.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.823	+0.155%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.668	−0.013%	$42.1M	$47.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.680	0.000%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.704	+0.026%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.246	−0.468%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.710	+0.032%	$2.3M	$25.6M	10x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.685	+0.005%	$15K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	92.711	+0.033%	$11.2M	$10.3M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.334%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.730	+0.054%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.716	+0.039%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.679	−0.001%	$2.1M	$59K	20x	as long as short
edgeX CLUSDC	+0.0067%	4h	92.621	−0.064%	$533K	$299K	30x	as long as short
KuCoin CLUSDTM	+0.0078%	4h	92.712	+0.035%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.706	+0.029%	$354K	$605K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.740	+0.065%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERPshort	+0.0104%	1h	92.646	−0.036%	$4K	—	10x
Aftermath Perps WTIUSD	+0.0120%	1h	92.700	+0.022%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.675	−0.005%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+9.722%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.640	−0.043%	$4.0M	$1.2M	50x	as long as short