Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0111%/8h= +12.1% APRpaid last 24h +0.016%

Price spread now: Vest against OKX+0.021%7-day average −0.842% · you sell dearer than you buy

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

Long on OKX Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.021%, 7d avg −0.842%

Together, before fees−0.096%+ Points / potential airdropVest: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Vest is 0.863% dearer against OKX than usual: you sell high and buy low: +$86 more if the spread goes back to its 7-day average of −0.842%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CL-USDT-SWAP	93.340	−0.0065	get 0.0033% / 4h	3h 05m	$42.7M	$103.1M	50x
Short	Vest CL-PERP	93.360	0.0046	get 0.0006% / 1h	5m 27s	—	$313K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.021%Rate

Funding earned: $23.29
Price spread: +0.021% → −0.842%: $86.33
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: $97.62
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: OKX: live order book, 3 min ago; Vest: no order-book sample. 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 OKX live order book, 3 min ago	0.54 bp	5.5 bp −$6	6.4 bp −$64	11.5 bp −$1,155	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0607%	1h	93.290	−0.054%	$198K	$371K	15x	as long as short
GRVT CL_USDT_Perp	−0.0332%	4h	93.337	−0.003%	$58K	$654K	25x	as long as short
Aster CLUSD1	−0.0284%	4h	93.360	+0.021%	$24.3M	$65.8M	20x	as long as short
Binance CLUSDT	−0.0189%	4h	93.340	0.000%	$246.5M	$939.8M	100x	as long as short
Variational Omni CL	−0.0175%	4h	93.319	−0.023%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0143%	1h	93.300	−0.042%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0128%	1h	93.280	−0.064%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0128%	4h	93.332	−0.009%	$42.0M	$43.2M	100x	as long as short
Nado WTI-PERP	−0.0108%	1h	93.399	+0.063%	$966K	$628K	10x	as long as short
edgeX CLUSDC	−0.0079%	4h	93.332	−0.009%	$525K	$306K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0069%	8h	93.290	−0.054%	$21.4M	$51.6M	100x	as long as short
OKX CL-USDT-SWAPlong	−0.0065%	4h	93.340	long leg	$42.7M	$103.1M	50x
tradeXYZ xyz:CL	−0.0061%	1h	93.346	+0.006%	$184.7M	$217.1M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.357	+0.018%	$282K	$961K	25x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.193%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.330	−0.011%	$2.3M	$2.0M	10x	as long as short
Paradex CL-USD-PERP	−0.0019%	8h	93.327	−0.014%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.370	+0.032%	$37K	$41K	20x	as long as short
Lighter WTI	0.0000%	1h	93.342	+0.002%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	−0.011%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.361	+0.022%	$26.9M	$80.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.408	+0.073%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.354	+0.015%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.904	−0.467%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	93.380	+0.043%	$2.0M	$18.3M	10x	as long as short
KuCoin CLUSDTM	+0.0020%	4h	93.377	+0.040%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	−0.204%	$736K	$2.9M	40x	as long as short
Vest CL-PERPshort	+0.0046%	1h	93.360	+0.021%	—	$313K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.339	−0.001%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.332	−0.009%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.341	+0.001%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.320	−0.021%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.307	−0.036%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0175%	4h	93.350	+0.011%	$4.0M	$990K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.675%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0225% / S −0.0152%	1h	93.335	−0.005%	$81K	—	111x	as long as short