Settings8H · net · $10k
Funding arb · Price arb /

CL

RWAall CL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.015%
Price spread now: ApeX Omni against SoDEX+0.086%74s7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$790.791% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.015%+$2 on $10k
Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.086%, 7d avg +0.014%
Together, before fees+0.021%+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.071% dearer against SoDEX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.014%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX CL-USD93.4400.0050pay 0.0006% / 1h10m 19s$2.1M$60K20x
ShortApeX Omni CLUSDT93.5200.0100get 0.0013% / 1h10m 19s$54K$266K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against SoDEX. 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

Funding earned
$10.5
Price spread: +0.086% → +0.014%
$7.12
Slippage, 4 orders
−$61.14
Fee SoDEX: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$61.52
Costs to cover
0.791%
Break-even
48.0 days
Slippage from SoDEX: live order book, 4 min ago; ApeX Omni: live order book, 37 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX live order book, 4 min ago0.54 bp19.8 bp −$2084.3 bp −$843doesn't fitdoesn't fit
Sell ApeX Omni live order book, 37 min ago8.57 bp20.6 bp −$21210.2 bp −$2,102doesn't fitdoesn't fit

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0392%1h93.420−0.021%$196K$377K15xas long as short
GRVT CL_USDT_Perp−0.0288%4h93.460+0.021%$58K$629K25xas long as short
Aster CLUSD1−0.0281%4h93.445+0.005%$24.4M$64.7M20xas long as short
Kraken Futures PF_WTIOILUSD−0.0204%1h93.484+0.048%$286K$959K25xas long as short
Binance CLUSDT−0.0175%4h93.417−0.025%$245.9M$932.6M100xas long as short
Variational Omni CL−0.0165%4h93.509+0.073%$13.4M$10.9Mas long as short
Aftermath Perps WTIUSD−0.0155%1h93.510+0.075%$2K$26K5xas long as short
Bitget CLUSDT−0.0122%4h93.419−0.022%$42.1M$42.7M100xas long as short
Nado WTI-PERP−0.0118%1h93.567+0.136%$975K$630K10xas long as short
Ondo Perps WTI-USD.P−0.0078%1h93.460+0.021%$3.5M$5.4M20xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate CL_USDT−0.0076%8h93.420−0.021%$22.0M$50.2M100xas long as short
tradeXYZ xyz:CL−0.0073%1h93.485+0.048%$185.0M$213.6M20xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0040%1h93.500+0.064%$404K$931K15xas long as short
OKX CL-USDT-SWAP−0.0038%4h93.430−0.011%$42.7M$102.5M50xas long as short
QFEX CL-USD−0.0032%1h93.490+0.054%$2.3M$2.5M10xas long as short
edgeX CLUSDC−0.0018%4h93.488+0.051%$525K$305K30xas long as short
dYdX WTI-USD0.0000%1h93.495+0.059%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h93.450+0.011%$27.0M$79.7M150xas long as short
RISEx CL/USDC0.0000%1h93.572+0.141%$3.1M$2.9M20xas long as short
Phoenix WTIOIL0.0000%1h93.520+0.086%$38K$41K20xas long as short
Bullet WTIOIL-USD0.0000%1h93.479+0.042%$19K$240K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h93.004−0.467%$5K150xas long as short
Paradex CL-USD-PERP+0.0018%8h93.521+0.086%$16K$3675xas long as short
Lighter WTI+0.0024%1h93.433−0.007%$11.2M$9.9M20xas long as short
Extended WTI-USD+0.0032%1h93.480+0.043%$2.0M$16.8M10xas long as short
StandX CL-USD+0.0040%1h93.480+0.043%$740K$2.8M40xas long as short
Vest CL-PERP+0.0046%1h93.510+0.075%$313K10xas long as short
Pacifica CL+0.0047%1h93.538+0.105%$332K$577K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h93.500+0.064%$1.7M$1.3M20xas long as short
SoDEX CL-USDlong+0.0050%1h93.440long leg$2.1M$60K20x
KuCoin CLUSDTM+0.0092%4h93.529+0.095%$7.1M$2.4M50xas long as short
ApeX Omni CLUSDTshort+0.0100%1h93.520+0.086%$54K$266K50x
Aevo WTIOIL-PERP+0.0104%1h93.429−0.012%$4K10xas long as short
BloFin CL-USDT+0.0198%4h93.490+0.054%$4.0M$990K50xas long as short
Injective WTI/USDC PERP+0.0220%1h102.64+9.851%$19K$11K30xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0240% / S −0.0173%1h93.475+0.037%$84K111xas long as short