Settings8H · net · $10k
Funding arb · Price arb /

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%
Price spread now: Polymarket Perps against dYdX+0.028%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 0.028% dearer against dYdX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX WTI-USD93.4960get 0.0000% / 1h25m 21s$8K$3K5x
ShortPolymarket Perps WTIOIL-USD93.5220.0050get 0.0006% / 1h25m 21s$1.7M$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
$10.5
Price spread: +0.028% → 0.000%
$2.83
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$4.67
Costs to cover
0.180%
Break-even
10.1 days
Slippage unknown: dYdX: no order-book sample; Polymarket Perps: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell Polymarket Perps live order book, 3 min ago2.57 bp6.7 bp −$77.8 bp −$7811.2 bp −$1,119doesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0392%1h93.440−0.059%$197K$374K15xas long as short
GRVT CL_USDT_Perp−0.0320%4h93.424−0.077%$58K$639K25xas long as short
Aster CLUSD1−0.0302%4h93.570+0.080%$24.4M$65.1M20xas long as short
Kraken Futures PF_WTIOILUSD−0.0204%1h93.464−0.034%$285K$960K25xas long as short
Binance CLUSDT−0.0189%4h93.537+0.044%$246.8M$932.8M100xas long as short
Variational Omni CL−0.0182%4h93.450−0.049%$13.4M$10.9Mas long as short
Aftermath Perps WTIUSD−0.0149%1h93.451−0.047%$2K$26K5xas long as short
Nado WTI-PERP−0.0133%1h93.567+0.076%$968K$616K10xas long as short
Bitget CLUSDT−0.0132%4h93.523+0.029%$42.1M$42.9M100xas long as short
Ondo Perps WTI-USD.P−0.0112%1h93.480−0.017%$3.5M$5.4M20xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate CL_USDT−0.0077%8h93.470−0.027%$21.9M$49.7M100xas long as short
edgeX CLUSDC−0.0074%4h93.4950.000%$526K$305K30xas long as short
tradeXYZ xyz:CL−0.0063%1h93.536+0.043%$185.1M$214.9M20xas long as short
OKX CL-USDT-SWAP−0.0058%4h93.540+0.048%$42.7M$102.7M50xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0040%1h93.160−0.359%$403K$928K15xas long as short
QFEX CL-USD−0.0032%1h93.520+0.026%$2.3M$2.4M10xas long as short
dYdX WTI-USDlong0.0000%1h93.496long leg$8K$3K5x
Bybit CLUSDT0.0000%8h93.553+0.061%$27.1M$79.5M150xas long as short
RISEx CL/USDC0.0000%1h93.573+0.082%$3.1M$2.9M20xas long as short
Phoenix WTIOIL0.0000%1h93.380−0.124%$38K$41K20xas long as short
Bullet WTIOIL-USD0.0000%1h93.538+0.045%$18K$239K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h93.076−0.449%$5K150xas long as short
Paradex CL-USD-PERP+0.0007%8h93.512+0.018%$16K$3675xas long as short
Lighter WTI+0.0008%1h93.530+0.037%$11.2M$9.9M20xas long as short
Extended WTI-USD+0.0032%1h93.550+0.058%$2.0M$17.2M10xas long as short
StandX CL-USD+0.0040%1h93.450−0.049%$740K$2.9M40xas long as short
Vest CL-PERP+0.0046%1h93.520+0.026%$313K10xas long as short
Pacifica CL+0.0047%1h93.527+0.033%$332K$576K10xas long as short
Polymarket Perps WTIOIL-USDshort+0.0050%1h93.522+0.028%$1.7M$1.3M20x
SoDEX CL-USD+0.0050%1h93.460−0.038%$2.1M$60K20xas long as short
KuCoin CLUSDTM+0.0062%4h93.547+0.055%$7.1M$2.4M50xas long as short
ApeX Omni CLUSDT+0.0100%1h93.410−0.092%$54K$266K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h93.431−0.069%$4K10xas long as short
BloFin CL-USDT+0.0179%4h93.490−0.006%$4.0M$1.0M50xas long as short
Injective WTI/USDC PERP+0.0220%1h102.60+9.741%$19K$11K30xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0237% / S −0.0169%1h93.535+0.042%$84K111xas long as short