Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0110%/8h= −12.0% APRpaid last 24h −0.055%

Price spread now: Polymarket Perps against BloFin+0.037%45s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.289% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.037%, 7d avg +0.045%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 45 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	93.040	0.0160	pay 0.0080% / 4h	10m 03s	$4.1M	$983K	50x
Short	Polymarket Perps WTIOIL-USD	93.074	0.0050	get 0.0006% / 1h	10m 03s	$1.7M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$23.02
Price spread: +0.037% → +0.045%: −$0.84
Slippage, 4 orders: −$8.87
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$52.73
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Polymarket Perps: live order book, 4 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, 3 min ago	0.54 bp	6.5 bp −$7	6.5 bp −$65	12.7 bp −$1,266	30.0 bp −$15.0K
Sell Polymarket Perps live order book, 4 min ago	2.69 bp	6.9 bp −$7	7.5 bp −$75	10.9 bp −$1,089	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	−0.0394%	1h	93.060	+0.021%	$194K	$397K	15x	as long as short
Aster CLUSD1	−0.0267%	4h	93.180	+0.150%	$24.8M	$62.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0234%	4h	92.930	−0.118%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	93.085	+0.049%	$276K	$929K	25x	as long as short
Binance CLUSDT	−0.0147%	4h	93.126	+0.093%	$247.2M	$921.4M	100x	as long as short
Variational Omni CL	−0.0136%	4h	93.053	+0.014%	$13.5M	$10.6M	—	as long as short
Gate CL_USDT	−0.0135%	8h	93.070	+0.032%	$23.1M	$50.5M	100x	as long as short
Bitget CLUSDT	−0.0112%	4h	93.108	+0.073%	$42.3M	$41.5M	100x	as long as short
Nado WTI-PERP	−0.0111%	1h	93.131	+0.098%	$954K	$614K	10x	as long as short
Aftermath Perps WTIUSD	−0.0097%	1h	93.025	−0.016%	$1K	$26K	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	−0.0078%	4h	93.120	+0.086%	$42.7M	$102.9M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	93.060	+0.021%	$2.3M	$2.4M	10x	as long as short
edgeX CLUSDC	−0.0021%	4h	93.014	−0.028%	$523K	$306K	30x	as long as short
tradeXYZ xyz:CL	−0.0018%	1h	93.131	+0.098%	$184.4M	$198.1M	20x	as long as short
Lighter WTI	−0.0016%	1h	93.057	+0.018%	$11.2M	$9.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.537%	$405K	$810K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0008%	1h	93.040	0.000%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.077	+0.040%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.140	+0.107%	$27.0M	$79.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.094	+0.058%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.950	−0.097%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.081	+0.044%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.624	−0.447%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0007%	8h	93.053	+0.014%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.150	+0.118%	$1.7M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.110	+0.075%	$738K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.070	+0.032%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USDshort	+0.0050%	1h	93.074	+0.037%	$1.7M	$1.3M	20x
SoDEX CL-USD	+0.0050%	1h	93.069	+0.031%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.083	+0.046%	$347K	$591K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.097	+0.061%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.950	−0.097%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.059	+0.021%	$4K	—	10x	as long as short
BloFin CL-USDTlong	+0.0160%	4h	93.040	long leg	$4.1M	$983K	50x
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.774%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0259% / S −0.0206%	1h	93.075	+0.038%	$84K	—	111x	as long as short