Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.059%

Price spread now: Pacifica against BloFin+0.072%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.254%−$25 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now +0.072%, 7d avg −0.009%

Together, before fees−0.268%+ Points / potential airdropPacifica: Active · farm board−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.080% dearer against BloFin than usual: you sell high and buy low (spread +0.072% now, against its 7-day average of −0.009%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CL-USDT	92.640	0.0240	pay 0.0120% / 4h	3h 01m	$4.0M	$1.2M	50x
Short	Pacifica CL	92.706	0.0100	get 0.0013% / 1h	1m 53s	$354K	$605K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.072%Rate

Funding earned: −$29.4
Price spread: +0.072% → −0.009%: $8.05
Slippage, 4 orders: −$2.98
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$44.34
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Pacifica: live order book, 7 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 BloFin live order book, 6 min ago	0.54 bp	6.5 bp −$7	7.3 bp −$73	9.6 bp −$956	24.1 bp −$12.1K
Sell Pacifica live order book, 7 min ago	0.05 bp	5.6 bp −$6	doesn't fit	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
GRVT CL_USDT_Perp	−0.0346%	4h	92.649	+0.010%	$58K	$630K	25x	as long as short
Aster CLUSD1	−0.0337%	4h	92.712	+0.078%	$23.9M	$75.0M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0289%	1h	92.660	+0.022%	$123K	$274K	15x	as long as short
Binance CLUSDT	−0.0284%	4h	92.690	+0.054%	$244.6M	$1.02B	100x	as long as short
Variational Omni CL	−0.0273%	4h	92.658	+0.019%	$13.3M	$11.5M	—	as long as short
Gate CL_USDT	−0.0186%	8h	92.620	−0.022%	$21.3M	$55.6M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.709	+0.075%	$275K	$912K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0053%	1h	92.670	+0.032%	$3.5M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0051%	1h	92.754	+0.123%	$935K	$701K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.658%	$399K	$956K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.680	+0.043%	$2.4M	$1.7M	10x	as long as short
tradeXYZ xyz:CL	−0.0032%	1h	92.688	+0.052%	$186.0M	$233.6M	20x	as long as short
OKX CL-USDT-SWAP	−0.0002%	4h	92.680	+0.043%	$42.9M	$108.5M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.742	+0.110%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.700	+0.065%	$26.4M	$87.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.823	+0.198%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.674	+0.037%	$42.1M	$47.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.680	+0.043%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.704	+0.069%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.246	−0.425%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.710	+0.076%	$2.3M	$25.6M	10x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.685	+0.048%	$15K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	92.682	+0.045%	$11.2M	$10.3M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	−0.291%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.730	+0.097%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.716	+0.082%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.679	+0.042%	$2.1M	$59K	20x	as long as short
edgeX CLUSDC	+0.0067%	4h	92.621	−0.020%	$533K	$299K	30x	as long as short
KuCoin CLUSDTM	+0.0078%	4h	92.697	+0.062%	$7.2M	$2.3M	50x	as long as short
Pacifica CLshort	+0.0100%	1h	92.706	+0.072%	$354K	$605K	10x
ApeX Omni CLUSDT	+0.0100%	1h	92.740	+0.108%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.646	+0.007%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0120%	1h	92.700	+0.065%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.675	+0.038%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+9.769%	$19K	$11K	30x	as long as short
BloFin CL-USDTlong	+0.0240%	4h	92.640	long leg	$4.0M	$1.2M	50x