Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0359%/8h= +39.3% APRpaid last 24h +0.089%

Price spread now: BloFin against Aftermath Perps−0.019%49s7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 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: +$11 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps WTIUSD	93.668	−0.0139	get 0.0017% / 1h	21m 47s	$2K	$26K	5x
Short	BloFin CL-USDT	93.650	0.0220	get 0.0110% / 4h	1h 21m	$4.0M	$971K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aftermath Perps. 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 Aftermath PerpsbpFee BloFinbpOrdersPrice spread, now −0.019%Rate

Funding earned: $75.41
Price spread: −0.019% → 0.000%: −$1.89
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: $52.53
Costs to cover: 0.210%
Break-even: 2.1 days

Slippage unknown: Aftermath Perps: no order-book sample; BloFin: live order book, 7 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell BloFin live order book, 7 min ago	1.07 bp	7.1 bp −$7	8.0 bp −$80	13.0 bp −$1,302	24.2 bp −$12.1K

Aftermath Perps: 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	−0.0711%	1h	93.580	−0.094%	$196K	$384K	15x	as long as short
Aster CLUSD1	−0.0279%	4h	93.634	−0.036%	$24.6M	$65.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0262%	4h	93.658	−0.011%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0150%	4h	93.604	−0.067%	$247.0M	$915.8M	100x	as long as short
Aftermath Perps WTIUSDlong	−0.0139%	1h	93.668	long leg	$2K	$26K	5x
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.632	−0.038%	$283K	$960K	25x	as long as short
Variational Omni CL	−0.0136%	4h	93.629	−0.042%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0125%	1h	93.550	−0.126%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDT	−0.0111%	8h	93.540	−0.136%	$22.5M	$49.6M	100x	as long as short
Bitget CLUSDT	−0.0106%	4h	93.602	−0.070%	$42.3M	$42.0M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0080%	1h	93.608	−0.064%	$185.1M	$205.0M	20x	as long as short
Nado WTI-PERP	−0.0056%	1h	93.668	0.000%	$965K	$620K	10x	as long as short
edgeX CLUSDC	−0.0037%	4h	93.643	−0.026%	$526K	$305K	30x	as long as short
OKX CL-USDT-SWAP	−0.0026%	4h	93.580	−0.094%	$42.9M	$101.7M	50x	as long as short
QFEX CL-USD	−0.0023%	1h	93.600	−0.072%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.179%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.649	−0.020%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.600	−0.072%	$26.9M	$78.9M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.656	−0.012%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.730	+0.067%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.624	−0.046%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.206	−0.493%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	93.609	−0.063%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0019%	8h	93.598	−0.074%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.690	+0.024%	$2.0M	$15.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	+0.013%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.630	−0.040%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.620	−0.051%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.607	−0.065%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.604	−0.068%	$333K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.652	−0.017%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.750	+0.088%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.586	−0.087%	$4K	—	10x	as long as short
BloFin CL-USDTshort	+0.0220%	4h	93.650	−0.019%	$4.0M	$971K	50x
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.934%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0247% / S −0.0181%	1h	93.615	−0.056%	$84K	—	111x	as long as short