Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0016%/8h= −1.7% APRpaid last 24h −0.012%

Price spread now: Aftermath Perps against Bitget−0.086%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 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

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Aftermath Perps is 0.086% cheaper against Bitget than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CLUSDT	93.460	−0.0134	get 0.0067% / 4h	2h 29m	$42.1M	$42.8M	100x
Short	Aftermath Perps WTIUSD	93.379	−0.0150	pay 0.0019% / 1h	29m 14s	$2K	$26K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.086%Rate

Funding earned: −$3.27
Price spread: −0.086% → 0.000%: −$8.64
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$32.92
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	0.38 bp	7.5 bp −$7	10.6 bp −$106	doesn't fit	doesn't fit
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	−0.0499%	1h	93.430	−0.032%	$197K	$373K	15x	as long as short
GRVT CL_USDT_Perp	−0.0324%	4h	93.320	−0.150%	$58K	$639K	25x	as long as short
Aster CLUSD1	−0.0305%	4h	93.480	+0.021%	$24.4M	$65.2M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.452	−0.009%	$285K	$960K	25x	as long as short
Binance CLUSDT	−0.0193%	4h	93.442	−0.019%	$246.5M	$930.9M	100x	as long as short
Variational Omni CL	−0.0184%	4h	93.331	−0.139%	$13.3M	$10.8M	—	as long as short
Aftermath Perps WTIUSDshort	−0.0150%	1h	93.379	−0.086%	$2K	$26K	5x
Nado WTI-PERP	−0.0134%	1h	93.404	−0.060%	$966K	$617K	10x	as long as short
Bitget CLUSDTlong	−0.0134%	4h	93.460	long leg	$42.1M	$42.8M	100x
Ondo Perps WTI-USD.P	−0.0120%	1h	93.320	−0.150%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0078%	4h	93.321	−0.149%	$525K	$306K	30x	as long as short
Gate CL_USDT	−0.0076%	8h	93.400	−0.064%	$21.8M	$49.6M	100x	as long as short
tradeXYZ xyz:CL	−0.0067%	1h	93.456	−0.004%	$184.7M	$214.5M	20x	as long as short
OKX CL-USDT-SWAP	−0.0062%	4h	93.450	−0.011%	$42.7M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.321%	$403K	$928K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.400	−0.064%	$2.3M	$2.3M	10x	as long as short
Lighter WTI	0.0000%	1h	93.439	−0.022%	$11.2M	$9.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.410	−0.054%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.476	+0.017%	$27.1M	$79.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.449	−0.012%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	−0.086%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.444	−0.017%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.002	−0.490%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0003%	8h	93.384	−0.081%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.510	+0.053%	$2.0M	$17.4M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.330	−0.139%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.410	−0.053%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.393	−0.072%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.422	−0.041%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.455	−0.005%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0056%	4h	93.474	+0.015%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.400	−0.064%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.419	−0.044%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0176%	4h	93.400	−0.064%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.783%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0236% / S −0.0168%	1h	93.435	−0.027%	$84K	—	111x	as long as short