Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.018%

Price spread now: OKX against Aftermath Perps−0.101%7-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 OKX

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

Funding pays, the price is against you. OKX is 0.101% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.101% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps WTIUSD	93.575	−0.0138	get 0.0017% / 1h	14m 58s	$2K	$26K	5x
Short	OKX CL-USDT-SWAP	93.480	−0.0039	pay 0.0019% / 4h	1h 14m	$42.8M	$101.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.101%Rate

Funding earned: $20.8
Price spread: −0.101% → 0.000%: −$10.14
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$8.34
Costs to cover: 0.190%
Break-even: 9.8 days

Slippage unknown: Aftermath Perps: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	0.53 bp	5.5 bp −$6	6.4 bp −$64	12.1 bp −$1,207	116.5 bp −$58.2K

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	−0.0498%	1h	93.470	−0.112%	$196K	$385K	15x	as long as short
Aster CLUSD1	−0.0285%	4h	93.540	−0.037%	$24.6M	$65.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0278%	4h	93.509	−0.070%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0153%	4h	93.501	−0.079%	$247.5M	$918.2M	100x	as long as short
Variational Omni CL	−0.0143%	4h	93.519	−0.060%	$13.3M	$10.7M	—	as long as short
Aftermath Perps WTIUSDlong	−0.0138%	1h	93.575	long leg	$2K	$26K	5x
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.514	−0.065%	$281K	$961K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0134%	1h	93.470	−0.112%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDT	−0.0120%	8h	93.430	−0.155%	$22.6M	$50.1M	100x	as long as short
Bitget CLUSDT	−0.0116%	4h	93.498	−0.082%	$42.3M	$42.2M	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	93.501	−0.079%	$184.8M	$205.2M	20x	as long as short
Nado WTI-PERP	−0.0057%	1h	93.571	−0.004%	$965K	$619K	10x	as long as short
OKX CL-USDT-SWAPshort	−0.0039%	4h	93.480	−0.101%	$42.8M	$101.9M	50x
edgeX CLUSDC	−0.0035%	4h	93.575	0.000%	$526K	$306K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.490	−0.091%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.540	−0.037%	$405K	$917K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.562	−0.013%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.510	−0.069%	$26.8M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.538	−0.040%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.630	+0.059%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.508	−0.071%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.057	−0.553%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	93.511	−0.068%	$11.3M	$9.7M	20x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	93.500	−0.080%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.550	−0.027%	$2.0M	$15.2M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.620	+0.048%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.520	−0.059%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.487	−0.094%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.502	−0.078%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.507	−0.072%	$333K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.569	−0.006%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.570	−0.005%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.480	−0.101%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0203%	4h	93.530	−0.048%	$4.0M	$970K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.82	+9.879%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0248% / S −0.0182%	1h	93.505	−0.075%	$84K	—	111x	as long as short