Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.021%

Price spread now: Pacifica against OKX+0.039%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$250.245% of the position

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.039%, 7d avg −0.020%

Together, before fees+0.061%+ Points / potential airdropPacifica: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Pacifica is 0.060% dearer against OKX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CL-USDT-SWAP	93.070	−0.0069	get 0.0034% / 4h	39m 08s	$42.6M	$102.8M	50x
Short	Pacifica CL	93.107	0.0068	get 0.0008% / 1h	39m 08s	$329K	$621K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against OKX. 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 OKXbpFee PacificabpOrdersPrice spread, now +0.039%Rate

Funding earned: $28.58
Price spread: +0.039% → −0.020%: $5.98
Slippage, 4 orders: −$6.52
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $10.04
Costs to cover: 0.245%
Break-even: 4.5 days

Slippage from OKX: live order book, 5 min ago; Pacifica: live order book, 20 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 OKX live order book, 5 min ago	0.54 bp	6.0 bp −$6	7.1 bp −$71	14.2 bp −$1,421	doesn't fit
Sell Pacifica live order book, 20 min ago	1.18 bp	6.8 bp −$7	doesn't fit	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	−0.0609%	1h	93.020	−0.054%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0248%	4h	93.070	0.000%	$24.0M	$67.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0242%	4h	93.158	+0.094%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	93.078	+0.008%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0192%	4h	93.064	−0.006%	$244.6M	$951.7M	100x	as long as short
Variational Omni CL	−0.0183%	4h	93.158	+0.094%	$13.5M	$11.0M	—	as long as short
Ondo Perps WTI-USD.P	−0.0115%	1h	93.070	0.000%	$3.5M	$5.6M	20x	as long as short
tradeXYZ xyz:CL	−0.0110%	1h	93.062	−0.009%	$184.7M	$215.5M	20x	as long as short
Aftermath Perps WTIUSD	−0.0093%	1h	93.167	+0.104%	$2K	$27K	5x	as long as short
Bitget CLUSDT	−0.0084%	4h	93.042	−0.030%	$41.9M	$43.9M	100x	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-SWAPlong	−0.0069%	4h	93.070	long leg	$42.6M	$102.8M	50x
Gate CL_USDT	−0.0056%	8h	93.010	−0.064%	$20.9M	$51.5M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.344%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	93.070	0.000%	$2.5M	$1.7M	10x	as long as short
edgeX CLUSDC	−0.0041%	4h	93.173	+0.111%	$530K	$299K	30x	as long as short
Nado WTI-PERP	−0.0029%	1h	93.173	+0.111%	$963K	$653K	10x	as long as short
Lighter WTI	−0.0016%	1h	93.060	−0.011%	$11.2M	$10.5M	20x	as long as short
KuCoin CLUSDTM	−0.0008%	4h	93.115	+0.048%	$7.1M	$2.4M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	93.188	+0.127%	$8K	$3K	5x	as long as short
Extended WTI-USD	0.0000%	1h	93.100	+0.032%	$2.1M	$21.2M	10x	as long as short
Bybit CLUSDT	0.0000%	8h	93.080	+0.011%	$26.7M	$80.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.160	+0.097%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.210	+0.150%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.085	+0.016%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.620	−0.484%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	93.071	+0.001%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	93.140	+0.075%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.130	+0.064%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.102	+0.034%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.057	−0.014%	$2.1M	$60K	20x	as long as short
Pacifica CLshort	+0.0068%	1h	93.107	+0.039%	$329K	$621K	10x
ApeX Omni CLUSDT	+0.0100%	1h	93.170	+0.107%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.029	−0.044%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0172%	4h	93.130	+0.064%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0210% / S −0.0134%	1h	93.055	−0.016%	$79K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.31	+9.930%	$19K	$11K	30x	as long as short