Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h +0.039%

Price spread now: Aevo against Bitget−0.047%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 0.047% cheaper against Bitget than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 17 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CLUSDT	92.930	−0.0120	get 0.0060% / 4h	17m 09s	$42.2M	$41.6M	100x
Short	Aevo WTIOIL-PERP	92.886	0.0104	get 0.0013% / 1h	17m 09s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now −0.047%Rate

Funding earned: $47.04
Price spread: −0.047% → 0.000%: −$4.7
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: $14.34
Costs to cover: 0.280%
Break-even: 4.9 days

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	0.59 bp	8.2 bp −$8	10.4 bp −$104	doesn't fit	doesn't fit
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
Deribit WTIOIL_USDC-PERPETUAL	−0.0503%	1h	92.890	−0.043%	$194K	$396K	15x	as long as short
Aster CLUSD1	−0.0276%	4h	92.993	+0.068%	$24.8M	$63.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0244%	4h	92.942	+0.013%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	92.911	−0.020%	$274K	$930K	25x	as long as short
Binance CLUSDT	−0.0154%	4h	92.964	+0.037%	$246.8M	$922.9M	100x	as long as short
Variational Omni CL	−0.0144%	4h	92.909	−0.023%	$13.5M	$10.7M	—	as long as short
Gate CL_USDT	−0.0135%	8h	92.860	−0.075%	$23.0M	$50.2M	100x	as long as short
Bitget CLUSDTlong	−0.0120%	4h	92.930	long leg	$42.2M	$41.6M	100x
Nado WTI-PERP	−0.0110%	1h	92.946	+0.017%	$952K	$618K	10x	as long as short
Aftermath Perps WTIUSD	−0.0098%	1h	92.936	+0.007%	$2K	$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	−0.0081%	4h	92.960	+0.032%	$42.6M	$102.9M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	92.910	−0.022%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0020%	1h	92.942	+0.013%	$184.0M	$198.0M	20x	as long as short
edgeX CLUSDC	−0.0019%	4h	92.936	+0.007%	$522K	$305K	30x	as long as short
Lighter WTI	−0.0016%	1h	92.910	−0.022%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0016%	1h	92.870	−0.065%	$3.6M	$5.3M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.656%	$405K	$810K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	92.986	+0.061%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.975	+0.048%	$26.8M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.938	+0.008%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.990	+0.065%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.915	−0.016%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.483	−0.481%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0002%	8h	92.867	−0.068%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.950	+0.022%	$1.8M	$15.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.020	+0.097%	$737K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.910	−0.022%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.888	−0.045%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.925	−0.005%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.908	−0.024%	$346K	$591K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.938	+0.009%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.020	+0.097%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERPshort	+0.0104%	1h	92.886	−0.047%	$4K	—	10x
BloFin CL-USDT	+0.0157%	4h	92.890	−0.043%	$4.1M	$981K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0164% / S −0.0012%	1h	92.915	−0.016%	$80K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.904%	$19K	$11K	30x	as long as short