Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Bybit+0.204%59s7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as 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−$540.537% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.503%+$50 on $10k

Price spread, last 4 days (all we have)−0.187%−$19 · spread now +0.204%, 7d avg −0.002%

Together, before fees+0.316%+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.206% dearer against Bybit than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.002%. The two prices were read 59 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	Bybit CLUSDT	93.300	0	get 0.0000% / 8h	48m 24s	$26.9M	$79.2M	150x
Short	ApeX Omni CLUSDT	93.490	0.0100	get 0.0013% / 1h	48m 24s	$54K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.204%Rate

Funding earned: $21
Price spread: +0.204% → −0.002%: $20.59
Slippage, 4 orders: −$32.7
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$12.11
Costs to cover: 0.537%
Break-even: 11.0 days

Slippage from Bybit: live order book, 6 min ago; ApeX Omni: live order book, 54 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 Bybit live order book, 6 min ago	0.54 bp	6.2 bp −$6	7.8 bp −$78	14.7 bp −$1,473	72.4 bp −$36.2K
Sell ApeX Omni live order book, 54 min ago	8.55 bp	20.3 bp −$20	204.4 bp −$2,044	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	−0.0715%	1h	93.190	−0.118%	$195K	$390K	15x	as long as short
Aster CLUSD1	−0.0288%	4h	93.327	+0.028%	$24.7M	$64.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0286%	4h	93.419	+0.128%	$75K	$636K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0209%	1h	93.249	−0.055%	$275K	$942K	25x	as long as short
Binance CLUSDT	−0.0164%	4h	93.304	+0.004%	$247.0M	$916.2M	100x	as long as short
Variational Omni CL	−0.0155%	4h	93.397	+0.104%	$13.4M	$10.6M	—	as long as short
Gate CL_USDT	−0.0128%	8h	93.220	−0.086%	$22.9M	$48.6M	100x	as long as short
Bitget CLUSDT	−0.0124%	4h	93.291	−0.010%	$42.3M	$41.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0124%	1h	93.425	+0.134%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0078%	1h	93.359	+0.064%	$958K	$624K	10x	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	−0.0062%	4h	93.290	−0.011%	$42.5M	$102.4M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	93.290	−0.011%	$2.3M	$2.5M	10x	as long as short
Lighter WTI	−0.0032%	1h	93.270	−0.032%	$11.2M	$9.1M	20x	as long as short
edgeX CLUSDC	−0.0031%	4h	93.422	+0.130%	$525K	$305K	30x	as long as short
Ondo Perps WTI-USD.P	−0.0022%	1h	93.260	−0.043%	$3.6M	$5.4M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.257%	$405K	$857K	15x	as long as short
tradeXYZ xyz:CL	−0.0005%	1h	93.306	+0.006%	$184.4M	$202.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.275	−0.027%	$8K	$3K	5x	as long as short
Bybit CLUSDTlong	0.0000%	8h	93.300	long leg	$26.9M	$79.2M	150x
RISEx CL/USDC	0.0000%	1h	93.321	+0.023%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.370	+0.075%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.259	−0.044%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.788	−0.549%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0001%	8h	93.248	−0.055%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.320	+0.021%	$1.7M	$15.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.460	+0.171%	$741K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.310	+0.011%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.294	−0.006%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.239	−0.065%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.285	−0.016%	$348K	$593K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.303	+0.003%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	93.490	+0.204%	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	93.220	−0.086%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0179%	4h	93.250	−0.054%	$4.0M	$982K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.83	+10.217%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0252% / S −0.0187%	1h	93.245	−0.059%	$83K	—	111x	as long as short