Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0288%/8h= −31.5% APRpaid last 24h −0.058%

Price spread now: Binance against Aevo+0.047%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.047% dearer against Aevo than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo WTIOIL-PERP	93.118	0.0104	pay 0.0013% / 1h	19m 39s	$4K	—	10x
Short	Binance CLUSDT	93.161	−0.0184	pay 0.0092% / 4h	3h 19m	$245.9M	$940.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Aevo. 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 AevobpFee BinancebpOrdersPrice spread, now +0.047%Rate

Funding earned: −$60.4
Price spread: +0.047% → 0.000%: $4.69
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Binance: 5 bp × 2 orders: −$10
Net: −$81.71
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Binance: live order book, 9 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 Aevo no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	8.5 bp −$846	24.0 bp −$12.0K

Aevo: 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	−0.0608%	1h	93.120	+0.003%	$199K	$370K	15x	as long as short
GRVT CL_USDT_Perp	−0.0308%	4h	93.140	+0.024%	$54K	$645K	25x	as long as short
Aster CLUSD1	−0.0277%	4h	93.181	+0.068%	$24.3M	$66.0M	20x	as long as short
Binance CLUSDTshort	−0.0184%	4h	93.161	+0.047%	$245.9M	$940.1M	100x
Variational Omni CL	−0.0167%	4h	93.119	+0.001%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0132%	1h	93.120	+0.003%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0132%	4h	93.150	+0.035%	$42.0M	$43.2M	100x	as long as short
Aftermath Perps WTIUSD	−0.0123%	1h	93.157	+0.043%	$2K	$27K	5x	as long as short
Nado WTI-PERP	−0.0120%	1h	93.195	+0.083%	$964K	$630K	10x	as long as short
Gate CL_USDT	−0.0066%	8h	93.100	−0.019%	$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	93.159	+0.045%	$280K	$957K	25x	as long as short
OKX CL-USDT-SWAP	−0.0060%	4h	93.150	+0.035%	$42.6M	$102.8M	50x	as long as short
tradeXYZ xyz:CL	−0.0052%	1h	93.162	+0.048%	$184.4M	$217.6M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	+0.046%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.140	+0.024%	$2.3M	$1.9M	10x	as long as short
Paradex CL-USD-PERP	−0.0026%	8h	93.145	+0.030%	$16K	$367	5x	as long as short
edgeX CLUSDC	−0.0025%	4h	93.174	+0.060%	$524K	$306K	30x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.210	+0.099%	$37K	$41K	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.173	+0.059%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.170	+0.056%	$26.8M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.213	+0.102%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.156	+0.041%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.723	−0.424%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0004%	4h	93.175	+0.062%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	+0.0008%	1h	93.157	+0.042%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0016%	1h	93.200	+0.088%	$2.0M	$18.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.120	+0.003%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.180	+0.067%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.155	+0.040%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.153	+0.038%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.160	+0.046%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.170	+0.056%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERPlong	+0.0104%	1h	93.118	long leg	$4K	—	10x
BloFin CL-USDT	+0.0184%	4h	93.110	−0.008%	$4.0M	$999K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.51	+10.087%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0223% / S −0.0150%	1h	93.155	+0.040%	$81K	—	111x	as long as short