Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0225%/8h= −24.7% APRpaid last 24h −0.035%

Price spread now: Binance against StandX+0.079%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on StandX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.162%−$16 on $10k

Price spread, last 7 days−0.089%−$9 · spread now +0.079%, 7d avg +0.048%

Together, before fees−0.251%+ Points / potential airdropStandX: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.031% dearer against StandX than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of +0.048%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.162% in total) that is about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX CL-USD	93.140	0.0040	pay 0.0005% / 1h	17m 57s	$736K	$2.9M	40x
Short	Binance CLUSDT	93.213	−0.0185	pay 0.0093% / 4h	3h 17m	$246.0M	$940.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against StandX. 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 StandXbpFee BinancebpOrdersPrice spread, now +0.079%Rate

Funding earned: −$47.3
Price spread: +0.079% → +0.048%: $3.12
Slippage, 4 orders: −$11.69
Fee StandX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$73.87
Costs to cover: 0.297%
Break-even: never at this rate

Slippage from StandX: live order book, 1 min ago; Binance: live order book, 11 min ago.

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 StandX live order book, 1 min ago	2.15 bp	12.5 bp −$12	14.9 bp −$149	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	8.5 bp −$846	24.0 bp −$12.0K

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	−0.0608%	1h	93.190	+0.054%	$199K	$370K	15x	as long as short
GRVT CL_USDT_Perp	−0.0326%	4h	93.123	−0.019%	$54K	$645K	25x	as long as short
Aster CLUSD1	−0.0278%	4h	93.240	+0.107%	$24.3M	$66.0M	20x	as long as short
Binance CLUSDTshort	−0.0185%	4h	93.213	+0.079%	$246.0M	$940.4M	100x
Variational Omni CL	−0.0167%	4h	93.119	−0.023%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0133%	1h	93.140	0.000%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.211	+0.076%	$42.0M	$43.2M	100x	as long as short
Aftermath Perps WTIUSD	−0.0127%	1h	93.197	+0.061%	$2K	$27K	5x	as long as short
Nado WTI-PERP	−0.0119%	1h	93.279	+0.149%	$965K	$630K	10x	as long as short
Gate CL_USDT	−0.0066%	8h	93.160	+0.021%	$21.3M	$51.5M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.222	+0.088%	$281K	$958K	25x	as long as short
OKX CL-USDT-SWAP	−0.0059%	4h	93.220	+0.086%	$42.7M	$102.9M	50x	as long as short
tradeXYZ xyz:CL	−0.0054%	1h	93.218	+0.084%	$184.5M	$217.6M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	+0.021%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.190	+0.054%	$2.3M	$1.9M	10x	as long as short
Paradex CL-USD-PERP	−0.0027%	8h	93.198	+0.062%	$16K	$367	5x	as long as short
edgeX CLUSDC	−0.0025%	4h	93.146	+0.006%	$524K	$306K	30x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.210	+0.075%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.255	+0.123%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.230	+0.097%	$26.8M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.273	+0.142%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.208	+0.073%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.787	−0.379%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0004%	4h	93.238	+0.105%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	+0.0008%	1h	93.209	+0.074%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0016%	1h	93.260	+0.129%	$2.0M	$18.6M	10x	as long as short
StandX CL-USDlong	+0.0040%	1h	93.140	long leg	$736K	$2.9M	40x
Vest CL-PERP	+0.0046%	1h	93.220	+0.086%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.214	+0.079%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.215	+0.081%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.217	+0.082%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.220	+0.086%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.175	+0.038%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0183%	4h	93.140	0.000%	$4.0M	$999K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.51	+10.060%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0223% / S −0.0151%	1h	93.205	+0.070%	$81K	—	111x	as long as short