Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0025%/8h= −2.8% APRpaid last 24h −0.006%

Price spread now: OKX against dYdX+0.005%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on OKX

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: −$1 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	90.696	0	get 0.0000% / 1h	15m 39s	$8K	$3K	5x
Short	OKX CL-USDT-SWAP	90.700	−0.0025	pay 0.0013% / 4h	2h 15m	$40.9M	$117.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$5.35
Price spread: +0.005% → 0.000%: $0.46
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$24.89
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	0.55 bp	5.6 bp −$6	7.0 bp −$70	15.2 bp −$1,520	81.6 bp −$40.8K

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 exchanges

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	−0.0411%	1h	90.660	−0.040%	$181K	$424K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0365%	1h	90.673	−0.025%	$306K	$1.3M	25x	as long as short
Aster CLUSD1	−0.0166%	4h	90.751	+0.061%	$24.6M	$66.0M	20x	as long as short
Bitget CLUSDT	−0.0112%	4h	90.697	+0.001%	$41.2M	$48.9M	100x	as long as short
Binance CLUSDT	−0.0111%	4h	90.723	+0.030%	$245.9M	$1.09B	100x	as long as short
Variational Omni CL	−0.0084%	4h	90.686	−0.011%	$12.9M	$11.0M	—	as long as short
Nado WTI-PERP	−0.0080%	1h	90.763	+0.074%	$913K	$652K	10x	as long as short
Extended WTI-USD	−0.0080%	1h	90.740	+0.049%	$1.4M	$13.7M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0074%	1h	90.650	−0.051%	$3.5M	$5.7M	20x	as long as short
Gate CL_USDT	−0.0073%	8h	90.650	−0.051%	$23.1M	$53.7M	100x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0067%	4h	90.858	+0.178%	$508K	$380K	30x	as long as short
tradeXYZ xyz:CL	−0.0059%	1h	90.679	−0.019%	$175.9M	$209.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0042%	4h	90.832	+0.150%	$70K	$615K	25x	as long as short
Aftermath Perps WTIUSD	−0.0032%	1h	90.944	+0.273%	$2K	$27K	5x	as long as short
OKX CL-USDT-SWAPshort	−0.0025%	4h	90.700	+0.005%	$40.9M	$117.9M	50x
QFEX CL-USD	−0.0023%	1h	90.710	+0.016%	$2.2M	$2.8M	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	90.302	−0.434%	$1K	—	150x	as long as short
dYdX WTI-USDlong	0.0000%	1h	90.696	long leg	$8K	$3K	5x
Bybit CLUSDT	0.0000%	8h	90.732	+0.040%	$26.9M	$95.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	90.751	+0.060%	$2.9M	$3.0M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	90.691	−0.005%	$17K	$237K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0008%	1h	90.660	−0.040%	$420K	$1.1M	15x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	90.684	−0.014%	$15K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	90.673	−0.025%	$11.0M	$9.5M	20x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	100.27	+10.554%	$19K	$5K	30x	as long as short
StandX CL-USD	+0.0040%	1h	90.730	+0.038%	$706K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	90.710	+0.016%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	90.666	−0.033%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	90.693	−0.003%	$2.0M	$81K	20x	as long as short
Phoenix WTIOIL	+0.0053%	1h	90.890	+0.214%	$36K	$37K	20x	as long as short
Pacifica CL	+0.0100%	1h	90.714	+0.020%	$313K	$709K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	90.716	+0.022%	$6.8M	$2.8M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	90.830	+0.148%	$53K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	90.665	−0.034%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0215%	4h	90.860	+0.181%	$3.9M	$1.0M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0250% / S −0.0172%	1h	90.675	−0.023%	$81K	—	111x	as long as short