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

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0105%/8h= −11.5% APRnext payment $0.13 per $10,000 · paid last 24h −0.055%
Price spread now: ApeX Omni against GMX+0.092%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. ApeX Omni is 0.092% dearer against GMX than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX WTIOIL/USD [ETH-USDC]92.195L +0.0205% / S −0.0130%pay 0.0026% / 1h12m 25s$77K111x
ShortApeX Omni CLUSDT92.2800.0100get 0.0013% / 1h12m 25s$56K$265K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. 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
−$22.09
Price spread: +0.092% → 0.000%
$9.22
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$34.87
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 64 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 GMX no order-book sample
Sell ApeX Omni live order book, 64 min ago8.70 bp19.9 bp −$20187.5 bp −$1,875doesn't fitdoesn't fit
GMX: 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
Kraken Futures PF_WTIOILUSD−0.0449%1h92.228+0.035%$273K$1.2M25xas long as short
GRVT CL_USDT_Perp−0.0310%4h92.191−0.004%$58K$702K25xas long as short
Aster CLUSD1−0.0272%4h92.210+0.016%$23.9M$77.6M20xas long as short
Binance CLUSDT−0.0194%4h92.180−0.016%$244.4M$1.09B100xas long as short
Deribit WTIOIL_USDC-PERPETUAL−0.0184%1h92.210+0.016%$96K$189K15xas long as short
Variational Omni CL−0.0173%4h92.192−0.004%$13.3M$12.7Mas long as short
Nado WTI-PERP−0.0132%1h92.248+0.057%$925K$737K10xas long as short
Lighter WTI−0.0072%1h92.183−0.013%$11.2M$10.9M20xas long as short
QFEX CL-USD−0.0054%1h92.180−0.016%$2.4M$2.2M10xas long as short
Paradex CL-USD-PERP−0.0047%8h92.175−0.022%$15K$3675xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:CL−0.0045%1h92.200+0.005%$186.3M$275.3M20xas long as short
Ondo Perps WTI-USD.P−0.0039%1h92.150−0.049%$3.5M$6.3M20xas long as short
Gate CL_USDT−0.0033%8h92.120−0.081%$21.3M$58.0M100xas long as short
Pacifica CL−0.0020%1h92.187−0.009%$333K$576K10xas long as short
dYdX WTI-USD0.0000%1h92.274+0.086%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h92.180−0.016%$26.0M$94.4M150xas long as short
OKX CL-USDT-SWAP0.0000%4h92.170−0.027%$42.9M$112.5M50xas long as short
RISEx CL/USDC0.0000%1h92.309+0.124%$3.3M$2.7M20xas long as short
Bitget CLUSDT0.0000%4h92.175−0.022%$42.0M$51.6M100xas long as short
Phoenix WTIOIL0.0000%1h92.240+0.049%$37K$101K20xas long as short
Bullet WTIOIL-USD0.0000%1h92.190−0.005%$18K$241K10xas long as short
Coinbase International WTIOIL-PERP-INTX0.0000%1h92.030−0.179%$399K$963K15xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h91.750−0.483%$5K150xas long as short
Extended WTI-USD+0.0032%1h92.240+0.049%$2.0M$26.7M10xas long as short
StandX CL-USD+0.0040%1h92.180−0.016%$721K$3.1M40xas long as short
Vest CL-PERP+0.0046%1h92.230+0.038%$308K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h92.184−0.012%$1.6M$1.3M20xas long as short
SoDEX CL-USD+0.0050%1h92.1950.000%$2.0M$39K20xas long as short
edgeX CLUSDC+0.0082%4h92.220+0.027%$530K$326K30xas long as short
KuCoin CLUSDTM+0.0100%4h92.1950.000%$7.3M$2.2M50xas long as short
ApeX Omni CLUSDTshort+0.0100%1h92.280+0.092%$56K$265K50x
Aevo WTIOIL-PERP+0.0104%1h92.180−0.016%$4K10xas long as short
GMX WTIOIL/USD [ETH-USDC]longL +0.0205% / S −0.0130%1h92.195long leg$77K111x
Injective WTI/USDC PERP+0.0220%1h101.34+9.915%$19K$11K30xas long as short
BloFin CL-USDT+0.0240%4h92.200+0.005%$4.0M$1.4M50xas long as short
Aftermath Perps WTIUSD+0.0391%1h92.229+0.037%$2K$29K5xas long as short