Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0169%/8h= −18.5% APRpaid last 24h −0.027%

Price spread now: Binance against dYdX−0.010%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 6 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WTI-USD	93.699	0	get 0.0000% / 1h	57m 58s	$8K	$3K	5x
Short	Binance CLUSDT	93.690	−0.0169	pay 0.0084% / 4h	57m 58s	$247.6M	$922.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now −0.010%Rate

Funding earned: −$35.49
Price spread: −0.010% → 0.000%: −$0.97
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$56.46
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Binance: live order book, 16 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Binance live order book, 16 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	8.1 bp −$814	19.5 bp −$9,774

dYdX: 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	−0.0390%	1h	93.680	−0.021%	$196K	$388K	15x	as long as short
GRVT CL_USDT_Perp	−0.0308%	4h	93.381	−0.339%	$53K	$607K	25x	as long as short
Aster CLUSD1	−0.0294%	4h	93.730	+0.033%	$24.7M	$64.8M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0208%	1h	93.698	−0.001%	$276K	$966K	25x	as long as short
Binance CLUSDTshort	−0.0169%	4h	93.690	−0.010%	$247.6M	$922.6M	100x
Variational Omni CL	−0.0159%	4h	93.419	−0.300%	$13.4M	$10.7M	—	as long as short
Bitget CLUSDT	−0.0128%	4h	93.675	−0.026%	$42.4M	$42.1M	100x	as long as short
Gate CL_USDT	−0.0126%	8h	93.630	−0.074%	$22.9M	$48.2M	100x	as long as short
Aftermath Perps WTIUSD	−0.0126%	1h	93.531	−0.180%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0114%	1h	93.721	+0.023%	$963K	$630K	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	−0.0057%	4h	93.680	−0.021%	$42.8M	$103.3M	50x	as long as short
edgeX CLUSDC	−0.0046%	4h	93.416	−0.303%	$525K	$306K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.700	+0.001%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	−0.170%	$405K	$862K	15x	as long as short
Lighter WTI	0.0000%	1h	93.683	−0.018%	$11.3M	$9.1M	20x	as long as short
dYdX WTI-USDlong	0.0000%	1h	93.699	long leg	$8K	$3K	5x
Bybit CLUSDT	0.0000%	8h	93.710	+0.011%	$26.9M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.687	−0.013%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.440	−0.277%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.667	−0.035%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.216	−0.516%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0001%	8h	93.641	−0.062%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.710	+0.011%	$1.9M	$15.0M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0033%	1h	93.620	−0.085%	$3.5M	$5.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	93.730	+0.033%	$743K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.640	−0.063%	—	$313K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	93.705	+0.006%	$185.3M	$205.1M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.662	−0.040%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.705	+0.006%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.673	−0.028%	$350K	$594K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.706	+0.007%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.480	−0.234%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.670	−0.032%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0179%	4h	93.630	−0.074%	$4.1M	$973K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.82	+9.733%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0251% / S −0.0186%	1h	93.685	−0.015%	$84K	—	111x	as long as short