Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0270%/8h= −29.6% APRpaid last 24h −0.057%

Price spread now: Binance against ApeX Omni−0.100%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$510.515% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.309%−$31 on $10k

Price spread, last 4 days (all we have)+0.258%+$26 · spread now −0.100%, 7d avg +0.036%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.136% cheaper against ApeX Omni than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CLUSDT	93.460	0.0100	pay 0.0013% / 1h	5m 15s	$54K	$266K	50x
Short	Binance CLUSDT	93.366	−0.0170	pay 0.0085% / 4h	2h 05m	$246.2M	$931.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.100%Rate

Funding earned: −$56.71
Price spread: −0.100% → +0.036%: −$13.61
Slippage, 4 orders: −$31.46
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$121.79
Costs to cover: 0.515%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 42 min ago; Binance: live order book, 9 min ago.

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 ApeX Omni live order book, 42 min ago	8.57 bp	19.7 bp −$20	192.4 bp −$1,924	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	7.1 bp −$707	13.4 bp −$6,697

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	−0.0392%	1h	93.350	−0.118%	$196K	$377K	15x	as long as short
Aster CLUSD1	−0.0276%	4h	93.392	−0.073%	$24.4M	$64.5M	20x	as long as short
GRVT CL_USDT_Perp	−0.0274%	4h	93.368	−0.099%	$58K	$629K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.384	−0.081%	$285K	$959K	25x	as long as short
Binance CLUSDTshort	−0.0170%	4h	93.366	−0.100%	$246.2M	$931.2M	100x
Variational Omni CL	−0.0163%	4h	93.349	−0.119%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0149%	1h	93.432	−0.030%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0120%	4h	93.358	−0.109%	$42.1M	$42.7M	100x	as long as short
Nado WTI-PERP	−0.0106%	1h	93.400	−0.064%	$971K	$630K	10x	as long as short
Gate CL_USDT	−0.0083%	8h	93.290	−0.182%	$22.0M	$50.4M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0078%	1h	93.310	−0.160%	$3.5M	$5.4M	20x	as long as short
tradeXYZ xyz:CL	−0.0076%	1h	93.354	−0.113%	$184.7M	$212.3M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	+0.043%	$404K	$931K	15x	as long as short
OKX CL-USDT-SWAP	−0.0038%	4h	93.370	−0.096%	$42.6M	$102.2M	50x	as long as short
QFEX CL-USD	−0.0032%	1h	93.360	−0.107%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0001%	4h	93.375	−0.091%	$525K	$306K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.405	−0.059%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.382	−0.083%	$27.0M	$79.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.410	−0.054%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.540	+0.086%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.363	−0.104%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.916	−0.582%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0020%	8h	93.342	−0.126%	$16K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	93.370	−0.096%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.400	−0.064%	$2.0M	$16.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.440	−0.021%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.360	−0.107%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.357	−0.110%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.347	−0.121%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.371	−0.095%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0096%	4h	93.377	−0.089%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDTlong	+0.0100%	1h	93.460	long leg	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	93.342	−0.126%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0202%	4h	93.370	−0.096%	$4.0M	$988K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.828%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0240% / S −0.0174%	1h	93.365	−0.102%	$84K	—	111x	as long as short