Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0182%/8h= −19.9% APRpaid last 24h −0.044%

Price spread now: Bitget against Aevo+0.013%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 Bitget

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo WTIOIL-PERP	92.692	0.0104	pay 0.0013% / 1h	32m 22s	$4K	—	10x
Short	Bitget CLUSDT	92.704	−0.0078	pay 0.0039% / 4h	3h 32m	$42.1M	$41.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$38.22
Price spread: +0.013% → 0.000%: $1.3
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$64.92
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bitget: live order book, 2 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 Bitget live order book, 2 min ago	0.43 bp	8.0 bp −$8	10.2 bp −$102	doesn't fit	doesn't fit

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	−0.0396%	1h	92.780	+0.095%	$187K	$410K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0314%	1h	92.804	+0.121%	$271K	$934K	25x	as long as short
Aster CLUSD1	−0.0228%	4h	92.742	+0.054%	$24.8M	$60.6M	20x	as long as short
Gate CL_USDT	−0.0168%	8h	92.660	−0.034%	$23.4M	$49.7M	100x	as long as short
Binance CLUSDT	−0.0126%	4h	92.720	+0.030%	$245.5M	$930.6M	100x	as long as short
Variational Omni CL	−0.0113%	4h	92.780	+0.095%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0100%	1h	92.802	+0.119%	$950K	$600K	10x	as long as short
GRVT CL_USDT_Perp	−0.0094%	4h	92.734	+0.046%	$75K	$624K	25x	as long as short
Bitget CLUSDTshort	−0.0078%	4h	92.704	+0.013%	$42.1M	$41.6M	100x
Aftermath Perps WTIUSD	−0.0069%	1h	92.822	+0.141%	$1K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0063%	4h	92.758	+0.071%	$541K	$342K	30x	as long as short
OKX CL-USDT-SWAP	−0.0050%	4h	92.720	+0.030%	$42.5M	$102.6M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	92.710	+0.019%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0017%	1h	92.725	+0.036%	$184.0M	$192.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.833	+0.152%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.740	+0.052%	$27.4M	$81.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.778	+0.093%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.724	+0.034%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.335	−0.385%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.850	+0.171%	$37K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	92.725	+0.036%	$16K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.610	−0.088%	$412K	$831K	15x	as long as short
Ondo Perps WTI-USD.P	+0.0030%	1h	92.720	+0.030%	$3.6M	$5.2M	20x	as long as short
Lighter WTI	+0.0032%	1h	92.737	+0.049%	$11.3M	$8.8M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.770	+0.084%	$1.7M	$14.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.830	+0.149%	$731K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.710	+0.019%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.750	+0.063%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.795	+0.111%	$2.1M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.748	+0.061%	$346K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.725	+0.036%	$7.1M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.860	+0.181%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERPlong	+0.0104%	1h	92.692	long leg	$4K	—	10x
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S −0.0007%	1h	92.725	+0.036%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0189%	4h	92.780	+0.095%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.186%	$19K	$5K	30x	as long as short