Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.017%

Price spread now: RISEx against Bybit+0.065%45s7-day average +0.054% · 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—prices read too far apart to compare

costs, in and out, $10k−$220.216% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.200%+$20 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.065%, 7d avg +0.054%

Together, before fees+0.148%+$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CLUSDT	92.710	0	get 0.0000% / 8h	7h 34m	$27.5M	$80.7M	150x
Short	RISEx CL/USDC	92.770	0	get 0.0000% / 1h	34m 57s	$3.0M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.054%: $1.11
Slippage, 4 orders: −$4.63
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$20.53
Costs to cover: 0.216%
Break-even: never at this rate

Slippage from Bybit: 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 Bybit live order book, 4 min ago	0.54 bp	6.0 bp −$6	7.9 bp −$79	15.6 bp −$1,563	89.6 bp −$44.8K
Sell RISEx live order book, 4 min ago	1.29 bp	5.3 bp −$5	6.0 bp −$60	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	−0.0504%	1h	92.740	+0.032%	$187K	$410K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0314%	1h	92.766	+0.060%	$269K	$928K	25x	as long as short
Aster CLUSD1	−0.0228%	4h	92.712	+0.003%	$24.8M	$60.6M	20x	as long as short
Gate CL_USDT	−0.0219%	8h	92.630	−0.086%	$23.4M	$49.4M	100x	as long as short
Binance CLUSDT	−0.0128%	4h	92.697	−0.014%	$244.9M	$931.9M	100x	as long as short
Variational Omni CL	−0.0113%	4h	92.780	+0.075%	$13.5M	$10.7M	—	as long as short
GRVT CL_USDT_Perp	−0.0104%	4h	92.790	+0.087%	$75K	$624K	25x	as long as short
Nado WTI-PERP	−0.0099%	1h	92.792	+0.089%	$950K	$604K	10x	as long as short
Bitget CLUSDT	−0.0080%	4h	92.694	−0.017%	$41.9M	$41.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0074%	1h	92.873	+0.175%	$2K	$27K	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	−0.0050%	4h	92.670	−0.043%	$42.4M	$102.5M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	92.770	+0.065%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0014%	1h	92.720	+0.011%	$184.0M	$191.6M	20x	as long as short
edgeX CLUSDC	−0.0007%	4h	92.845	+0.146%	$542K	$342K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	92.748	+0.041%	$8K	$3K	5x	as long as short
Bybit CLUSDTlong	0.0000%	8h	92.710	long leg	$27.5M	$80.7M	150x
RISEx CL/USDCshort	0.0000%	1h	92.770	+0.065%	$3.0M	$2.8M	20x
Bullet WTIOIL-USD	0.0000%	1h	92.739	+0.032%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.334	−0.406%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.850	+0.151%	$37K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0014%	8h	92.731	+0.023%	$16K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.485%	$404K	$794K	15x	as long as short
Ondo Perps WTI-USD.P	+0.0030%	1h	92.690	−0.022%	$3.6M	$5.2M	20x	as long as short
Lighter WTI	+0.0032%	1h	92.763	+0.057%	$11.3M	$8.8M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.760	+0.054%	$1.7M	$14.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.880	+0.183%	$732K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.740	+0.032%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.760	+0.054%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.765	+0.059%	$2.1M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.754	+0.047%	$346K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.738	+0.030%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.860	+0.162%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.742	+0.034%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S −0.0008%	1h	92.715	+0.005%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0191%	4h	92.710	0.000%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.165%	$19K	$5K	30x	as long as short