Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0307%/8h= −33.6% APRpaid last 24h −0.037%

Price spread now: Binance against Pacifica+0.034%7-day average +0.020% · you sell dearer than you buy

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

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 2 days (all we have)+0.023%+$2 · spread now +0.034%, 7d avg +0.020%

Together, before fees−0.094%+ Points / potential airdropPacifica: Active · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.117% in total (about -6.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CL	92.835	0.0100	pay 0.0013% / 1h	53m 21s	$331K	$618K	10x
Short	Binance CLUSDT	92.867	−0.0207	pay 0.0103% / 4h	1h 53m	$244.5M	$959.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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 PacificabpFee BinancebpOrdersPrice spread, now +0.034%Rate

Funding earned: −$64.47
Price spread: +0.034% → +0.020%: $1.35
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$81.12
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 10 min ago; Binance: live order book, 6 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 Pacifica live order book, 10 min ago	0.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	7.7 bp −$775	21.1 bp −$10.6K

CL on 35 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	−0.0504%	1h	92.810	−0.027%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0242%	4h	92.830	−0.006%	$23.9M	$71.0M	20x	as long as short
GRVT CL_USDT_Perp	−0.0210%	4h	92.871	+0.038%	$61K	$633K	25x	as long as short
Binance CLUSDTshort	−0.0207%	4h	92.867	+0.034%	$244.5M	$959.5M	100x
Variational Omni CL	−0.0203%	4h	92.860	+0.026%	$13.5M	$11.1M	—	as long as short
Nado WTI-PERP	−0.0107%	1h	92.879	+0.047%	$961K	$668K	10x	as long as short
Gate CL_USDT	−0.0096%	8h	92.830	−0.006%	$20.9M	$52.1M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0090%	1h	92.750	−0.092%	$3.5M	$5.6M	20x	as long as short
edgeX CLUSDC	−0.0077%	4h	92.864	+0.031%	$529K	$302K	30x	as long as short
tradeXYZ xyz:CL	−0.0042%	1h	92.869	+0.036%	$184.7M	$218.4M	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.092%	$402K	$946K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.790	−0.049%	$2.5M	$1.7M	10x	as long as short
Aftermath Perps WTIUSD	−0.0013%	1h	92.866	+0.033%	$2K	$28K	5x	as long as short
OKX CL-USDT-SWAP	−0.0006%	4h	92.870	+0.037%	$42.8M	$102.4M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.909	+0.079%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.890	+0.059%	$26.9M	$81.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.855	+0.021%	$41.9M	$43.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.880	+0.048%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.858	+0.024%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.433	−0.433%	$5K	—	150x	as long as short
Lighter WTI	+0.0024%	1h	92.830	−0.006%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.860	+0.027%	$2.1M	$23.5M	10x	as long as short
Paradex CL-USD-PERP	+0.0036%	8h	92.809	−0.029%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	92.330	−0.544%	$726K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.870	+0.037%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.858	+0.024%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.875	+0.043%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	92.927	+0.099%	$3.3M	$2.7M	20x	as long as short
KuCoin CLUSDTM	+0.0078%	4h	92.844	+0.009%	$7.3M	$2.3M	50x	as long as short
Pacifica CLlong	+0.0100%	1h	92.835	long leg	$331K	$618K	10x
ApeX Omni CLUSDT	+0.0100%	1h	92.870	+0.037%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.834	−0.002%	$4K	—	10x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.847	+0.013%	$273K	$882K	25x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.865	+0.032%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.15	+10.030%	$19K	$11K	30x	as long as short