Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0161%/8h= −17.7% APRpaid last 24h −0.034%

Price spread now: OKX against Aevo+0.044%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 OKX

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. OKX is 0.044% dearer against Aevo than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo WTIOIL-PERP	93.679	0.0104	pay 0.0013% / 1h	56m 45s	$4K	—	10x
Short	OKX CL-USDT-SWAP	93.720	−0.0057	pay 0.0029% / 4h	56m 45s	$42.8M	$103.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$33.88
Price spread: +0.044% → 0.000%: $4.43
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee OKX: 5 bp × 2 orders: −$10
Net: −$55.45
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; OKX: 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 OKX live order book, 2 min ago	0.53 bp	6.5 bp −$7	7.5 bp −$75	13.9 bp −$1,392	134.1 bp −$67.0K

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	−0.0390%	1h	93.660	−0.020%	$196K	$389K	15x	as long as short
GRVT CL_USDT_Perp	−0.0308%	4h	93.381	−0.317%	$53K	$607K	25x	as long as short
Aster CLUSD1	−0.0291%	4h	93.740	+0.066%	$24.7M	$64.6M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0208%	1h	93.711	+0.034%	$276K	$966K	25x	as long as short
Binance CLUSDT	−0.0166%	4h	93.720	+0.044%	$247.7M	$922.0M	100x	as long as short
Variational Omni CL	−0.0159%	4h	93.419	−0.277%	$13.4M	$10.7M	—	as long as short
Gate CL_USDT	−0.0127%	8h	93.620	−0.062%	$22.9M	$48.3M	100x	as long as short
Bitget CLUSDT	−0.0124%	4h	93.697	+0.020%	$42.4M	$42.1M	100x	as long as short
Aftermath Perps WTIUSD	−0.0123%	1h	93.564	−0.123%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0094%	1h	93.701	+0.024%	$963K	$629K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0061%	4h	93.655	−0.025%	$527K	$306K	30x	as long as short
OKX CL-USDT-SWAPshort	−0.0057%	4h	93.720	+0.044%	$42.8M	$103.3M	50x
QFEX CL-USD	−0.0038%	1h	93.740	+0.066%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	−0.148%	$405K	$862K	15x	as long as short
Lighter WTI	0.0000%	1h	93.693	+0.015%	$11.3M	$9.1M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.699	+0.022%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.730	+0.055%	$27.0M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.740	+0.065%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.720	+0.044%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.667	−0.013%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.238	−0.470%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0003%	8h	93.675	−0.003%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.710	+0.034%	$1.9M	$15.0M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0038%	1h	93.650	−0.030%	$3.7M	$5.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	93.730	+0.055%	$743K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.690	+0.012%	—	$313K	10x	as long as short
tradeXYZ xyz:CL	+0.0047%	1h	93.715	+0.039%	$185.3M	$205.1M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.736	+0.061%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.692	+0.014%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.716	+0.040%	$350K	$594K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.739	+0.065%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.480	−0.212%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERPlong	+0.0104%	1h	93.679	long leg	$4K	—	10x
BloFin CL-USDT	+0.0183%	4h	93.700	+0.023%	$4.1M	$973K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.83	+9.771%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0251% / S −0.0186%	1h	93.705	+0.028%	$84K	—	111x	as long as short