Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0119%/8h= −13.0% APRpaid last 24h −0.056%

Price spread now: RISEx against BloFin+0.115%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$200.200% of the position

Long on BloFin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.100%−$10 on $10k

Price spread, last 4 days (all we have)+0.359%+$36 · spread now +0.115%, 7d avg +0.062%

Together, before fees+0.259%+$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.053% dearer against BloFin than usual: you sell high and buy low (spread +0.115% now, against its 7-day average of +0.062%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CL-USDT	92.880	0.0185	pay 0.0092% / 4h	1h 24m	$4.0M	$1.1M	50x
Short	RISEx CL/USDC	92.987	0.0066	get 0.0008% / 1h	24m 44s	$3.2M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.115%Rate

Funding earned: −$24.91
Price spread: +0.115% → +0.062%: $5.3
Slippage, 4 orders: −$2.04
Fee BloFin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$39.65
Costs to cover: 0.200%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; RISEx: 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, 4 min ago	0.54 bp	6.5 bp −$7	8.0 bp −$80	12.2 bp −$1,218	31.4 bp −$15.7K
Sell RISEx live order book, 4 min ago	0.48 bp	3.5 bp −$3	4.6 bp −$46	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	−0.0503%	1h	92.860	−0.022%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0252%	4h	92.820	−0.065%	$23.9M	$68.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0236%	4h	92.878	−0.002%	$61K	$625K	25x	as long as short
Binance CLUSDT	−0.0207%	4h	92.810	−0.075%	$244.4M	$952.4M	100x	as long as short
Variational Omni CL	−0.0202%	4h	92.856	−0.026%	$13.6M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0168%	1h	92.830	−0.054%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0156%	1h	92.934	+0.058%	$962K	$660K	10x	as long as short
Gate CL_USDT	−0.0088%	8h	92.760	−0.129%	$20.9M	$52.6M	100x	as long as short
edgeX CLUSDC	−0.0079%	4h	92.903	+0.024%	$529K	$301K	30x	as long as short
tradeXYZ xyz:CL	−0.0068%	1h	92.817	−0.068%	$184.5M	$217.2M	20x	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	−0.0058%	4h	92.800	−0.086%	$42.8M	$102.0M	50x	as long as short
Aftermath Perps WTIUSD	−0.0050%	1h	92.887	+0.007%	$2K	$27K	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.140%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.850	−0.032%	$2.5M	$1.7M	10x	as long as short
Extended WTI-USD	−0.0032%	1h	92.880	0.000%	$2.1M	$22.6M	10x	as long as short
Lighter WTI	0.0000%	1h	92.818	−0.067%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.845	−0.038%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.830	−0.054%	$26.7M	$81.2M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.810	−0.075%	$41.9M	$43.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.910	+0.032%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.879	−0.001%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.454	−0.459%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0018%	8h	92.867	−0.014%	$16K	$367	5x	as long as short
KuCoin CLUSDTM	+0.0032%	4h	92.860	−0.022%	$7.3M	$2.3M	50x	as long as short
StandX CL-USD	+0.0040%	1h	92.430	−0.484%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.900	+0.022%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.889	+0.010%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.884	+0.004%	$2.1M	$61K	20x	as long as short
RISEx CL/USDCshort	+0.0066%	1h	92.987	+0.115%	$3.2M	$2.8M	20x
Pacifica CL	+0.0100%	1h	92.815	−0.070%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.980	+0.108%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.846	−0.036%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.901	+0.023%	$273K	$872K	25x	as long as short
BloFin CL-USDTlong	+0.0185%	4h	92.880	long leg	$4.0M	$1.1M	50x
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.885	+0.005%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+9.770%	$19K	$11K	30x	as long as short