Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0123%/8h= +13.5% APRpaid last 24h +0.050%

Price spread now: RISEx against Binance+0.066%115s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$170.174% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.156%+$16 on $10k

Price spread, last 7 days−0.092%−$9 · spread now +0.066%, 7d avg +0.030%

Together, before fees+0.064%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and RISEx is 0.037% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.030%. The two prices were read 115 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	Binance CLUSDT	92.494	−0.0123	get 0.0062% / 4h	3h 20m	$245.6M	$930.7M	100x
Short	RISEx CL/USDC	92.555	0	get 0.0000% / 1h	20m 40s	$3.0M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.066%Rate

Funding earned: $25.93
Price spread: +0.066% → +0.030%: $3.66
Slippage, 4 orders: −$1.4
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $12.19
Costs to cover: 0.174%
Break-even: 3.7 days

Slippage from Binance: live order book, 8 min ago; RISEx: 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 Binance live order book, 8 min ago	0.54 bp	5.5 bp −$6	5.8 bp −$58	9.2 bp −$919	23.7 bp −$11.9K
Sell RISEx live order book, 3 min ago	0.16 bp	3.2 bp −$3	5.1 bp −$51	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0614%	1h	92.460	−0.036%	$187K	$412K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0315%	1h	92.487	−0.007%	$268K	$948K	25x	as long as short
Aster CLUSD1	−0.0216%	4h	92.543	+0.053%	$24.9M	$59.7M	20x	as long as short
Binance CLUSDTlong	−0.0123%	4h	92.494	long leg	$245.6M	$930.7M	100x
Variational Omni CL	−0.0105%	4h	92.432	−0.067%	$13.5M	$10.7M	—	as long as short
Gate CL_USDT	−0.0103%	8h	92.420	−0.080%	$23.7M	$50.4M	100x	as long as short
Nado WTI-PERP	−0.0100%	1h	92.541	+0.051%	$946K	$596K	10x	as long as short
GRVT CL_USDT_Perp	−0.0080%	4h	92.622	+0.139%	$74K	$611K	25x	as long as short
Bitget CLUSDT	−0.0076%	4h	92.467	−0.029%	$42.1M	$41.9M	100x	as long as short
Aftermath Perps WTIUSD	−0.0066%	1h	92.698	+0.220%	$1K	$27K	5x	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	−0.0045%	4h	92.460	−0.036%	$42.5M	$102.7M	50x	as long as short
edgeX CLUSDC	−0.0031%	4h	92.632	+0.150%	$540K	$342K	30x	as long as short
QFEX CL-USD	−0.0026%	1h	92.480	−0.015%	$2.3M	$2.5M	10x	as long as short
tradeXYZ xyz:CL	−0.0010%	1h	92.517	+0.025%	$183.8M	$190.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.579	+0.092%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.530	+0.039%	$27.5M	$82.8M	150x	as long as short
RISEx CL/USDCshort	0.0000%	1h	92.555	+0.066%	$3.0M	$2.8M	20x
Bullet WTIOIL-USD	0.0000%	1h	92.475	−0.020%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.158	−0.363%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.660	+0.180%	$37K	$39K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.590	+0.104%	$427K	$869K	15x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	92.477	−0.018%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.502	+0.009%	$11.3M	$8.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.530	+0.039%	$1.7M	$14.0M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0032%	1h	92.470	−0.026%	$3.6M	$5.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.590	+0.104%	$728K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.500	+0.007%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.555	+0.066%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.467	−0.029%	$2.1M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.508	+0.015%	$344K	$584K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.512	+0.020%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.710	+0.234%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.452	−0.045%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0165% / S −0.0007%	1h	92.465	−0.031%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0195%	4h	92.520	+0.028%	$4.1M	$999K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.423%	$19K	$5K	30x	as long as short