Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.064%

Price spread now: StandX against BloFin+0.011%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on BloFin Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 3 days (all we have)+0.067%+$7 · spread now +0.011%, 7d avg −0.011%

Together, before fees−0.102%+ Points / potential airdropStandX: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. StandX is 0.022% dearer against BloFin than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.011%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.170% in total) that is about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CL-USDT	92.200	0.0240	pay 0.0120% / 4h	13m 16s	$4.0M	$1.4M	50x
Short	StandX CL-USD	92.210	0.0040	get 0.0005% / 1h	13m 16s	$721K	$3.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$42
Price spread: +0.011% → −0.011%: $2.15
Slippage, 4 orders: −$14.1
Fee BloFin: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$73.95
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; StandX: live order book, 1 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, 5 min ago	0.54 bp	6.5 bp −$7	7.2 bp −$72	10.6 bp −$1,058	22.5 bp −$11.3K
Sell StandX live order book, 1 min ago	6.51 bp	10.5 bp −$11	10.8 bp −$108	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
Kraken Futures PF_WTIOILUSD	−0.0449%	1h	92.228	+0.030%	$273K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0310%	4h	92.191	−0.010%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0270%	4h	92.232	+0.034%	$23.9M	$77.6M	20x	as long as short
Binance CLUSDT	−0.0191%	4h	92.191	−0.009%	$244.4M	$1.09B	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0184%	1h	92.210	+0.011%	$96K	$189K	15x	as long as short
Variational Omni CL	−0.0173%	4h	92.192	−0.009%	$13.3M	$12.7M	—	as long as short
Nado WTI-PERP	−0.0132%	1h	92.264	+0.070%	$925K	$737K	10x	as long as short
Lighter WTI	−0.0072%	1h	92.197	−0.003%	$11.2M	$10.9M	20x	as long as short
QFEX CL-USD	−0.0054%	1h	92.200	0.000%	$2.4M	$2.2M	10x	as long as short
Paradex CL-USD-PERP	−0.0048%	8h	92.191	−0.009%	$15K	$367	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0046%	1h	92.223	+0.025%	$186.4M	$275.3M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0038%	1h	92.170	−0.033%	$3.5M	$6.3M	20x	as long as short
Gate CL_USDT	−0.0032%	8h	92.130	−0.076%	$21.3M	$58.0M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.197	−0.003%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.274	+0.080%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.200	0.000%	$26.0M	$94.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.180	−0.022%	$42.9M	$112.5M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.320	+0.130%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.189	−0.012%	$42.0M	$51.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.240	+0.043%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.197	−0.004%	$19K	$241K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.184%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.772	−0.464%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.250	+0.054%	$2.0M	$26.7M	10x	as long as short
StandX CL-USDshort	+0.0040%	1h	92.210	+0.011%	$721K	$3.1M	40x
Vest CL-PERP	+0.0046%	1h	92.250	+0.054%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.200	0.000%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.195	−0.005%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0082%	4h	92.220	+0.022%	$530K	$326K	30x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.202	+0.002%	$7.3M	$2.2M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.280	+0.087%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.180	−0.022%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.195	−0.005%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.34	+9.909%	$19K	$11K	30x	as long as short
BloFin CL-USDTlong	+0.0240%	4h	92.200	long leg	$4.0M	$1.4M	50x
Aftermath Perps WTIUSD	+0.0379%	1h	92.225	+0.027%	$2K	$29K	5x	as long as short