Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.018%

Price spread now: RISEx against Bullet+0.005%7-day average +0.044% · 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−$28as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on Bullet Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.117%+$12 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.005%, 7d avg +0.044%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: RISEx is 0.039% cheaper against Bullet than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet WTIOIL-USD	93.105	0	get 0.0000% / 1h	3m 18s	$18K	$240K	10x
Short	RISEx CL/USDC	93.110	0	get 0.0000% / 1h	3m 18s	$3.0M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bullet. 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 BulletbpFee RISExbpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → +0.044%: −$3.92
Slippage, 4 orders: −$10.36
Fee Bullet: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$28.28
Costs to cover: 0.244%
Break-even: never at this rate

Slippage from Bullet: live order book, 36 min ago; RISEx: live order book, just now.

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 Bullet live order book, 36 min ago	1.50 bp	8.5 bp −$8	17.1 bp −$171	doesn't fit	doesn't fit
Sell RISEx live order book, just now	0.91 bp	4.4 bp −$4	5.9 bp −$59	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	−0.0394%	1h	93.090	−0.016%	$194K	$399K	15x	as long as short
Aster CLUSD1	−0.0252%	4h	93.140	+0.038%	$24.8M	$62.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0218%	4h	93.231	+0.135%	$75K	$634K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	93.119	+0.015%	$273K	$924K	25x	as long as short
Binance CLUSDT	−0.0140%	4h	93.110	+0.005%	$246.5M	$923.8M	100x	as long as short
Gate CL_USDT	−0.0138%	8h	93.030	−0.080%	$23.2M	$50.8M	100x	as long as short
Variational Omni CL	−0.0130%	4h	93.192	+0.094%	$13.6M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0109%	1h	93.148	+0.046%	$953K	$613K	10x	as long as short
Bitget CLUSDT	−0.0100%	4h	93.095	−0.011%	$42.2M	$41.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0085%	1h	93.140	+0.037%	$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	−0.0067%	4h	93.110	+0.005%	$42.5M	$103.1M	50x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.256	+0.163%	$525K	$324K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.090	−0.016%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.467%	$405K	$810K	15x	as long as short
tradeXYZ xyz:CL	−0.0016%	1h	93.104	−0.001%	$184.3M	$196.5M	20x	as long as short
Lighter WTI	−0.0008%	1h	93.109	+0.004%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0002%	1h	93.080	−0.027%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.133	+0.030%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.110	+0.005%	$27.0M	$79.7M	150x	as long as short
RISEx CL/USDCshort	0.0000%	1h	93.110	+0.005%	$3.0M	$2.8M	20x
Phoenix WTIOIL	0.0000%	1h	93.140	+0.038%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USDlong	0.0000%	1h	93.105	long leg	$18K	$240K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.658	−0.480%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	93.063	−0.045%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.130	+0.027%	$1.7M	$14.9M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	+0.048%	$735K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.090	−0.016%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.090	−0.016%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.119	+0.015%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.099	−0.006%	$347K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.116	+0.012%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.290	+0.199%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.095	−0.010%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0171%	4h	93.100	−0.005%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.698%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0261% / S −0.0179%	1h	93.115	+0.011%	$90K	—	111x	as long as short