Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0145%/8h= −15.9% APRpaid last 24h −0.092%

Price spread now: Aftermath Perps against BloFin+0.003%49s7-day average — · you sell dearer than you buy

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

Long on BloFin 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 49 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	BloFin CL-USDT	92.090	0.0240	pay 0.0120% / 4h	38m 23s	$4.0M	$1.4M	50x
Short	Aftermath Perps WTIUSD	92.093	0.0095	get 0.0012% / 1h	38m 23s	$2K	$29K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against BloFin. 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 BloFinbpFee Aftermath PerpsbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$30.4
Price spread: +0.003% → 0.000%: $0.34
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$51.05
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: BloFin: 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 BloFin live order book, 5 min ago	0.54 bp	6.5 bp −$7	6.5 bp −$65	9.9 bp −$987	22.5 bp −$11.2K
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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.186	+0.104%	$274K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0314%	4h	92.040	−0.054%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0237%	4h	92.137	+0.051%	$24.0M	$77.4M	20x	as long as short
Nado WTI-PERP	−0.0166%	1h	92.156	+0.072%	$924K	$740K	10x	as long as short
Binance CLUSDT	−0.0160%	4h	92.146	+0.061%	$245.5M	$1.10B	100x	as long as short
Variational Omni CL	−0.0138%	4h	92.053	−0.040%	$13.4M	$12.4M	—	as long as short
Lighter WTI	−0.0120%	1h	92.096	+0.007%	$11.2M	$10.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0102%	1h	92.070	−0.022%	$3.5M	$6.3M	20x	as long as short
Paradex CL-USD-PERP	−0.0098%	8h	92.081	−0.010%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	−0.0083%	1h	92.157	+0.073%	$187.1M	$274.8M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	−0.0075%	1h	92.180	+0.098%	$96K	$189K	15x	as long as short
QFEX CL-USD	−0.0054%	1h	92.100	+0.011%	$2.4M	$2.6M	10x	as long as short
Bullet WTIOIL-USD	−0.0045%	1h	92.133	+0.047%	$18K	$241K	10x	as long as short
Gate CL_USDT	−0.0028%	8h	92.080	−0.011%	$21.3M	$57.6M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.123	+0.036%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.019%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.174	+0.091%	$25.6M	$94.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.140	+0.054%	$43.1M	$112.9M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.219	+0.140%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.119	+0.031%	$42.0M	$51.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.120	+0.033%	$37K	$101K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.065%	$399K	$966K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.716	−0.406%	$4K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	92.200	+0.119%	$2.0M	$27.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.130	+0.043%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.170	+0.087%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0046%	1h	92.128	+0.041%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.150	+0.065%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0059%	4h	92.084	−0.006%	$529K	$332K	30x	as long as short
Aftermath Perps WTIUSDshort	+0.0095%	1h	92.093	+0.003%	$2K	$29K	5x
KuCoin CLUSDTM	+0.0100%	4h	92.135	+0.049%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.070	−0.022%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.119	+0.032%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.125	+0.038%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+9.974%	$19K	$11K	30x	as long as short
BloFin CL-USDTlong	+0.0240%	4h	92.090	long leg	$4.0M	$1.4M	50x