Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0079%/8h= +8.7% APRpaid last 24h +0.003%

Price spread now: OKX against Ondo Perps+0.022%7-day average +0.068% · you sell dearer than you buy

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

Long on Ondo Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$17 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.022%, 7d avg +0.068%

Together, before fees−0.196%+ Points / potential airdropOndo Perps: Active · farm board−$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.046% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.022% now, against its 7-day average of +0.068%). If the spread goes back, that is −$5 on $10k: about 47 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.175%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps WTI-USD.P	92.210	−0.0079	get 0.0010% / 1h	45m 20s	$3.5M	$6.2M	20x
Short	OKX CL-USDT-SWAP	92.230	0	get 0.0000% / 4h	3h 45m	$42.9M	$111.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Ondo Perps. 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 Ondo PerpsbpFee OKXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $16.63
Price spread: +0.022% → +0.068%: −$4.65
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$3.01
Costs to cover: 0.150%
Break-even: 8.3 days

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 4 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell OKX live order book, 4 min ago	0.54 bp	6.4 bp −$6	7.3 bp −$73	13.6 bp −$1,357	92.4 bp −$46.2K

Ondo Perps: 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
GRVT CL_USDT_Perp	−0.0532%	4h	92.209	−0.002%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0325%	4h	92.280	+0.076%	$23.9M	$80.4M	20x	as long as short
Binance CLUSDT	−0.0256%	4h	92.261	+0.055%	$244.9M	$1.08B	100x	as long as short
Gate CL_USDT	−0.0253%	8h	92.190	−0.022%	$21.3M	$54.5M	100x	as long as short
Variational Omni CL	−0.0246%	4h	92.241	+0.033%	$13.2M	$12.2M	—	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.285	+0.081%	$273K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0099%	1h	92.299	+0.096%	$925K	$733K	10x	as long as short
Ondo Perps WTI-USD.Plong	−0.0079%	1h	92.210	long leg	$3.5M	$6.2M	20x
Deribit WTIOIL_USDC-PERPETUAL	−0.0075%	1h	92.260	+0.054%	$96K	$189K	15x	as long as short
tradeXYZ xyz:CL	−0.0040%	1h	92.264	+0.059%	$186.2M	$261.8M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.195%	$399K	$960K	15x	as long as short
QFEX CL-USD	−0.0040%	1h	92.240	+0.033%	$2.4M	$2.2M	10x	as long as short
Paradex CL-USD-PERP	−0.0029%	8h	92.233	+0.025%	$15K	$367	5x	as long as short
Lighter WTI	−0.0024%	1h	92.251	+0.044%	$11.2M	$10.0M	20x	as long as short
Bybit CLUSDT	−0.0023%	8h	92.266	+0.061%	$26.1M	$93.6M	150x	as long as short
dYdX WTI-USD	0.0000%	1h	92.235	+0.027%	$8K	$3K	5x	as long as short
OKX CL-USDT-SWAPshort	0.0000%	4h	92.230	+0.022%	$42.9M	$111.2M	50x
RISEx CL/USDC	0.0000%	1h	92.362	+0.165%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.256	+0.050%	$42.0M	$51.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.210	0.000%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.257	+0.052%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.813	−0.431%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0020%	4h	92.197	−0.014%	$530K	$307K	30x	as long as short
Extended WTI-USD	+0.0032%	1h	92.290	+0.087%	$2.1M	$27.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.230	+0.022%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.290	+0.087%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.265	+0.060%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.250	+0.043%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.259	+0.053%	$353K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.275	+0.070%	$7.2M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.250	+0.043%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.219	+0.010%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.255	+0.049%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.38	+9.947%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.240	+0.033%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0385%	1h	92.230	+0.021%	$2K	$29K	5x	as long as short