Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.007%

Price spread now: Aftermath Perps against Binance−0.124%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 Aftermath Perps

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. Aftermath Perps is 0.124% cheaper against Binance than usual: you would sell low and buy high (spread −0.124% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 6.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CLUSDT	93.235	−0.0172	get 0.0086% / 4h	3h 47m	$245.5M	$943.3M	100x
Short	Aftermath Perps WTIUSD	93.119	−0.0112	pay 0.0014% / 1h	47m 59s	$2K	$27K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.124%Rate

Funding earned: $12.67
Price spread: −0.124% → 0.000%: −$12.38
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$18.7
Costs to cover: 0.190%
Break-even: 17.3 days

Slippage unknown: Binance: live order book, 11 min ago; Aftermath Perps: 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, 11 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	8.3 bp −$828	20.2 bp −$10.1K
Sell Aftermath Perps no order-book sample	—	—	—	—	—

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	−0.0500%	1h	93.210	−0.027%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0262%	4h	93.270	+0.038%	$24.1M	$66.9M	20x	as long as short
GRVT CL_USDT_Perp	−0.0238%	4h	93.007	−0.245%	$54K	$658K	25x	as long as short
Binance CLUSDTlong	−0.0172%	4h	93.235	long leg	$245.5M	$943.3M	100x
Variational Omni CL	−0.0167%	4h	93.119	−0.125%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0126%	1h	93.297	+0.067%	$966K	$644K	10x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.213	−0.023%	$42.0M	$43.3M	100x	as long as short
Aftermath Perps WTIUSDshort	−0.0112%	1h	93.119	−0.124%	$2K	$27K	5x
Ondo Perps WTI-USD.P	−0.0109%	1h	93.200	−0.037%	$3.5M	$5.3M	20x	as long as short
edgeX CLUSDC	−0.0077%	4h	93.022	−0.228%	$526K	$303K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.262	+0.029%	$269K	$945K	25x	as long as short
Gate CL_USDT	−0.0046%	8h	93.190	−0.048%	$21.0M	$50.8M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	−0.048%	$401K	$928K	15x	as long as short
OKX CL-USDT-SWAP	−0.0036%	4h	93.240	+0.006%	$42.7M	$102.8M	50x	as long as short
QFEX CL-USD	−0.0033%	1h	93.230	−0.005%	$2.3M	$1.8M	10x	as long as short
KuCoin CLUSDTM	−0.0014%	4h	93.279	+0.047%	$7.1M	$2.4M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.050	−0.198%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.272	+0.040%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.252	+0.018%	$26.9M	$80.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.330	+0.102%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.267	+0.035%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.805	−0.461%	$5K	—	150x	as long as short
tradeXYZ xyz:CL	+0.0006%	1h	93.237	+0.002%	$184.7M	$218.9M	20x	as long as short
Paradex CL-USD-PERP	+0.0013%	8h	93.232	−0.003%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.228	−0.007%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.270	+0.038%	$2.0M	$19.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.170	−0.070%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.250	+0.016%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.259	+0.026%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.250	+0.016%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.261	+0.028%	$331K	$597K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.120	−0.123%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.219	−0.017%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0200%	4h	93.190	−0.048%	$4.0M	$998K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0219% / S −0.0147%	1h	93.265	+0.032%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.579%	$19K	$11K	30x	as long as short