Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0222%/8h= −24.3% APRpaid last 24h −0.030%

Price spread now: Bitget against Pacifica+0.004%7-day average +0.013% · you sell dearer than you buy

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

Long on Pacifica Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.004%, 7d avg +0.013%

Together, before fees−0.192%+ Points / potential airdropPacifica: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CL	92.923	0.0100	pay 0.0013% / 1h	19m 59s	$347K	$592K	10x
Short	Bitget CLUSDT	92.927	−0.0122	pay 0.0061% / 4h	19m 59s	$42.2M	$41.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$46.62
Price spread: +0.004% → +0.013%: −$0.84
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$67.46
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 19 min ago; Bitget: 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 Pacifica live order book, 19 min ago	0.38 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.48 bp	7.3 bp −$7	9.8 bp −$98	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	−0.0503%	1h	92.880	−0.046%	$194K	$396K	15x	as long as short
Aster CLUSD1	−0.0281%	4h	92.954	+0.033%	$24.7M	$63.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0252%	4h	92.963	+0.043%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	92.912	−0.012%	$274K	$930K	25x	as long as short
Binance CLUSDT	−0.0156%	4h	92.930	+0.008%	$246.8M	$923.0M	100x	as long as short
Variational Omni CL	−0.0144%	4h	92.909	−0.015%	$13.5M	$10.7M	—	as long as short
Gate CL_USDT	−0.0135%	8h	92.860	−0.068%	$23.0M	$50.1M	100x	as long as short
Bitget CLUSDTshort	−0.0122%	4h	92.927	+0.004%	$42.2M	$41.7M	100x
Nado WTI-PERP	−0.0109%	1h	92.953	+0.033%	$953K	$619K	10x	as long as short
Aftermath Perps WTIUSD	−0.0099%	1h	92.972	+0.053%	$2K	$26K	5x	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-SWAP	−0.0082%	4h	92.910	−0.014%	$42.6M	$102.9M	50x	as long as short
edgeX CLUSDC	−0.0057%	4h	92.965	+0.046%	$523K	$305K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	92.910	−0.014%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0022%	1h	92.932	+0.010%	$184.1M	$198.0M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0022%	1h	92.860	−0.068%	$3.6M	$5.3M	20x	as long as short
Lighter WTI	−0.0016%	1h	92.919	−0.004%	$11.2M	$9.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.664%	$405K	$810K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	92.986	+0.068%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.942	+0.020%	$26.8M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.946	+0.025%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.990	+0.072%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.903	−0.022%	$18K	$240K	10x	as long as short
Paradex CL-USD-PERP	0.0000%	8h	92.883	−0.043%	$16K	$367	5x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.490	−0.466%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.960	+0.040%	$1.9M	$15.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.960	+0.040%	$737K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.910	−0.014%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.899	−0.026%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.896	−0.029%	$2.1M	$60K	20x	as long as short
Pacifica CLlong	+0.0100%	1h	92.923	long leg	$347K	$592K	10x
KuCoin CLUSDTM	+0.0100%	4h	92.947	+0.026%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.940	+0.018%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.880	−0.046%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0160%	4h	92.920	−0.003%	$4.1M	$982K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0164% / S −0.0001%	1h	92.935	+0.013%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.45	+10.253%	$19K	$11K	30x	as long as short