Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against Bybit−0.039%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.039% cheaper against Bybit than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 30 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CLUSDT	93.210	0	get 0.0000% / 8h	5m 10s	$27.0M	$79.7M	150x
Short	Aevo WTIOIL-PERP	93.174	0.0104	get 0.0013% / 1h	5m 10s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.039%Rate

Funding earned: $21.84
Price spread: −0.039% → 0.000%: −$3.85
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$9.01
Costs to cover: 0.270%
Break-even: 9.9 days

Slippage unknown: Bybit: live order book, 4 min ago; Aevo: no order-book sample. Net counts fees only.

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 Bybit live order book, 4 min ago	0.54 bp	6.0 bp −$6	7.4 bp −$74	15.5 bp −$1,554	81.6 bp −$40.8K
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0501%	1h	93.170	−0.043%	$194K	$398K	15x	as long as short
Aster CLUSD1	−0.0254%	4h	93.228	+0.020%	$24.8M	$62.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0218%	4h	93.231	+0.022%	$75K	$634K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0209%	1h	93.196	−0.015%	$274K	$925K	25x	as long as short
Binance CLUSDT	−0.0141%	4h	93.190	−0.021%	$246.7M	$922.6M	100x	as long as short
Gate CL_USDT	−0.0138%	8h	93.120	−0.097%	$23.2M	$50.7M	100x	as long as short
Variational Omni CL	−0.0130%	4h	93.192	−0.019%	$13.6M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0109%	1h	93.222	+0.013%	$954K	$613K	10x	as long as short
Bitget CLUSDT	−0.0102%	4h	93.186	−0.026%	$42.2M	$41.4M	100x	as long as short
Aftermath Perps WTIUSD	−0.0084%	1h	93.157	−0.057%	$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	−0.0070%	4h	93.200	−0.011%	$42.6M	$103.2M	50x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.256	+0.050%	$525K	$324K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.150	−0.064%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0016%	1h	93.200	−0.011%	$184.4M	$196.4M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.354%	$405K	$810K	15x	as long as short
Lighter WTI	−0.0008%	1h	93.188	−0.024%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0006%	1h	93.140	−0.075%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.210	0.000%	$8K	$3K	5x	as long as short
Bybit CLUSDTlong	0.0000%	8h	93.210	long leg	$27.0M	$79.7M	150x
RISEx CL/USDC	0.0000%	1h	93.201	−0.010%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.240	+0.032%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.204	−0.006%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.755	−0.488%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	93.142	−0.073%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.230	+0.021%	$1.7M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.260	+0.054%	$739K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.190	−0.021%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.168	−0.045%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.198	−0.013%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.180	−0.032%	$347K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.221	+0.012%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.290	+0.086%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERPshort	+0.0104%	1h	93.174	−0.039%	$4K	—	10x
BloFin CL-USDT	+0.0168%	4h	93.180	−0.032%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.574%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0261% / S −0.0208%	1h	93.185	−0.027%	$84K	—	111x	as long as short