Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h −0.012%

Price spread now: tradeXYZ against Bitget+0.030%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$10 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.030%, 7d avg −0.019%

Together, before fees+0.068%+ Points / potential airdroptradeXYZ: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.049% dearer against Bitget than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.019%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.105%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CLUSDT	92.742	0	get 0.0000% / 4h	2h 37m	$41.9M	$45.8M	100x
Short	tradeXYZ xyz:CL	92.770	−0.0070	pay 0.0009% / 1h	37m 37s	$185.1M	$221.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$14.69
Price spread: +0.030% → −0.019%: $4.9
Slippage, 4 orders: −$3.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$43.18
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; tradeXYZ: live order book, 12 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 Bitget live order book, 1 min ago	0.22 bp	7.8 bp −$8	9.1 bp −$91	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.43 bp	9.4 bp −$9	9.6 bp −$96	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	−0.0612%	1h	92.750	+0.009%	$198K	$366K	15x	as long as short
Aster CLUSD1	−0.0331%	4h	92.786	+0.047%	$23.9M	$74.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0296%	4h	92.686	−0.060%	$50K	$633K	25x	as long as short
Binance CLUSDT	−0.0273%	4h	92.744	+0.002%	$244.3M	$992.5M	100x	as long as short
Variational Omni CL	−0.0266%	4h	92.741	−0.001%	$13.3M	$11.1M	—	as long as short
Gate CL_USDT	−0.0152%	8h	92.710	−0.035%	$20.9M	$53.0M	100x	as long as short
tradeXYZ xyz:CLshort	−0.0070%	1h	92.770	+0.030%	$185.1M	$221.6M	20x
Ondo Perps WTI-USD.P	−0.0064%	1h	92.730	−0.013%	$3.5M	$5.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.768%	$399K	$939K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.814	+0.078%	$275K	$870K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WTI-PERP	−0.0035%	1h	92.815	+0.079%	$936K	$678K	10x	as long as short
QFEX CL-USD	−0.0033%	1h	92.730	−0.013%	$2.5M	$1.7M	10x	as long as short
OKX CL-USDT-SWAP	−0.0011%	4h	92.770	+0.030%	$42.8M	$106.3M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.754	+0.013%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.760	+0.019%	$26.3M	$83.1M	150x	as long as short
Bitget CLUSDTlong	0.0000%	4h	92.742	long leg	$41.9M	$45.8M	100x
Phoenix WTIOIL	0.0000%	1h	92.790	+0.052%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.772	+0.032%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.355	−0.417%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.800	+0.063%	$2.1M	$25.0M	10x	as long as short
edgeX CLUSDC	+0.0018%	4h	92.721	−0.022%	$533K	$297K	30x	as long as short
Paradex CL-USD-PERP	+0.0023%	8h	92.749	+0.008%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	92.769	+0.029%	$11.2M	$10.2M	20x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.877	+0.146%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.380	−0.390%	$726K	$3.0M	40x	as long as short
Aftermath Perps WTIUSD	+0.0046%	1h	92.757	+0.016%	$2K	$28K	5x	as long as short
Vest CL-PERP	+0.0046%	1h	92.780	+0.041%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.755	+0.014%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.782	+0.043%	$2.1M	$61K	20x	as long as short
KuCoin CLUSDTM	+0.0070%	4h	92.800	+0.063%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.778	+0.039%	$331K	$616K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.760	+0.019%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.756	+0.015%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.785	+0.046%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.93	+9.910%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0228%	4h	92.730	−0.013%	$4.0M	$1.2M	50x	as long as short