Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0130%/8h= +14.2% APRpaid last 24h +0.055%

Price spread now: BloFin against Vest−0.021%7-day average +0.854% · you buy dearer than you sell

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

Long on Vest Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.212%+$21 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.021%, 7d avg +0.854%

Together, before fees+0.262%+ Points / potential airdropVest: Active · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.875% cheaper against Vest than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.854%). If the spread goes back, that is −$88 on $10k: about 23 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CL-PERP	93.370	0.0046	pay 0.0006% / 1h	3m 06s	—	$313K	10x
Short	BloFin CL-USDT	93.350	0.0175	get 0.0088% / 4h	3h 03m	$4.0M	$990K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpFee BloFinbpOrdersPrice spread, now −0.021%Rate

Funding earned: $27.23
Price spread: −0.021% → +0.854%: −$87.53
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$74.3
Costs to cover: 0.140%
Break-even: 26.1 days

Slippage unknown: Vest: no order-book sample; BloFin: live order book, 5 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 Vest no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	1.07 bp	7.1 bp −$7	7.1 bp −$71	9.8 bp −$980	23.6 bp −$11.8K

Vest: 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
Deribit WTIOIL_USDC-PERPETUAL	−0.0499%	1h	93.330	−0.043%	$198K	$371K	15x	as long as short
GRVT CL_USDT_Perp	−0.0332%	4h	93.330	−0.042%	$58K	$654K	25x	as long as short
Aster CLUSD1	−0.0286%	4h	93.372	+0.003%	$24.3M	$65.8M	20x	as long as short
Binance CLUSDT	−0.0190%	4h	93.360	−0.011%	$246.5M	$939.3M	100x	as long as short
Variational Omni CL	−0.0175%	4h	93.319	−0.055%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0147%	1h	93.359	−0.012%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0129%	1h	93.280	−0.096%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0128%	4h	93.342	−0.030%	$42.0M	$43.2M	100x	as long as short
Nado WTI-PERP	−0.0106%	1h	93.392	+0.024%	$966K	$625K	10x	as long as short
Gate CL_USDT	−0.0071%	8h	93.290	−0.086%	$21.4M	$51.6M	100x	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	−0.0065%	4h	93.370	0.000%	$42.7M	$103.2M	50x	as long as short
tradeXYZ xyz:CL	−0.0062%	1h	93.337	−0.035%	$184.7M	$217.1M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.380	+0.011%	$282K	$961K	25x	as long as short
edgeX CLUSDC	−0.0053%	4h	93.336	−0.037%	$525K	$306K	30x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.225%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.340	−0.032%	$2.3M	$2.0M	10x	as long as short
Paradex CL-USD-PERP	−0.0018%	8h	93.336	−0.037%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.370	0.000%	$37K	$41K	20x	as long as short
Lighter WTI	0.0000%	1h	93.352	−0.019%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	−0.043%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.370	0.000%	$26.9M	$79.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.408	+0.041%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.357	−0.014%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.912	−0.491%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	93.390	+0.021%	$2.0M	$18.2M	10x	as long as short
KuCoin CLUSDTM	+0.0024%	4h	93.380	+0.011%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.270	−0.107%	$738K	$2.9M	40x	as long as short
Vest CL-PERPlong	+0.0046%	1h	93.370	long leg	—	$313K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.356	−0.015%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.357	−0.014%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.349	−0.022%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.320	−0.054%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.321	−0.052%	$4K	—	10x	as long as short
BloFin CL-USDTshort	+0.0175%	4h	93.350	−0.021%	$4.0M	$990K	50x
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.640%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0225% / S −0.0153%	1h	93.355	−0.016%	$81K	—	111x	as long as short