Settings8H · net · $10k
Funding arb · Price arb /

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment $0.13 per $10,000 · paid last 24h −0.013%
Price spread now: RISEx against ApeX Omni−0.060%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$490.494% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.044%+$4 on $10k
Price spread, last 4 days (all we have)+0.085%+$8 · spread now −0.060%, 7d avg +0.048%
Together, before fees+0.128%+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and RISEx is 0.108% cheaper against ApeX Omni than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.048%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni CLUSDT93.0300.0100pay 0.0013% / 1h10m 57s$56K$266K50x
ShortRISEx CL/USDC92.9740get 0.0000% / 1h10m 57s$3.1M$2.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
−$21
Price spread: −0.060% → +0.048%
−$10.81
Slippage, 4 orders
−$33.42
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$81.23
Costs to cover
0.494%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 46 min ago; RISEx: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 46 min ago8.59 bp19.3 bp −$19184.3 bp −$1,843doesn't fitdoesn't fit
Sell RISEx live order book, 3 min ago0.75 bp4.9 bp −$55.9 bp −$59doesn't fitdoesn't fit

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0611%1h92.860−0.183%$198K$370K15xas long as short
Aster CLUSD1−0.0269%4h92.910−0.129%$24.0M$66.7M20xas long as short
GRVT CL_USDT_Perp−0.0242%4h93.000−0.032%$64K$648K25xas long as short
Kraken Futures PF_WTIOILUSD−0.0196%1h92.905−0.134%$273K$874K25xas long as short
Binance CLUSDT−0.0187%4h92.894−0.146%$244.5M$948.2M100xas long as short
Variational Omni CL−0.0179%4h92.888−0.153%$13.5M$10.8Mas long as short
Bitget CLUSDT−0.0124%4h92.875−0.167%$42.0M$43.7M100xas long as short
tradeXYZ xyz:CL−0.0112%1h92.885−0.156%$187.8M$217.6M20xas long as short
Aftermath Perps WTIUSD−0.0104%1h92.973−0.062%$2K$26K5xas long as short
Ondo Perps WTI-USD.P−0.0090%1h92.870−0.172%$3.5M$5.4M20xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX CLUSDC−0.0076%4h93.007−0.025%$530K$301K30xas long as short
OKX CL-USDT-SWAP−0.0054%4h92.890−0.150%$42.4M$102.7M50xas long as short
Gate CL_USDT−0.0048%8h92.830−0.215%$20.8M$52.2M100xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0048%1h92.750−0.301%$402K$944K15xas long as short
QFEX CL-USD−0.0043%1h92.900−0.140%$2.3M$1.8M10xas long as short
Nado WTI-PERP−0.0028%1h92.964−0.071%$963K$649K10xas long as short
KuCoin CLUSDTM−0.0026%4h92.903−0.137%$7.1M$2.4M50xas long as short
Lighter WTI0.0000%1h92.893−0.147%$11.2M$10.6M20xas long as short
dYdX WTI-USD0.0000%1h92.937−0.100%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h92.883−0.158%$26.7M$80.4M150xas long as short
RISEx CL/USDCshort0.0000%1h92.974−0.060%$3.1M$2.9M20x
Phoenix WTIOIL0.0000%1h92.950−0.086%$37K$42K20xas long as short
Bullet WTIOIL-USD0.0000%1h92.915−0.123%$18K$241K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h92.463−0.609%$5K150xas long as short
Paradex CL-USD-PERP+0.0009%8h92.887−0.154%$16K$3675xas long as short
Extended WTI-USD+0.0032%1h92.940−0.097%$2.0M$20.3M10xas long as short
StandX CL-USD+0.0040%1h92.890−0.150%$734K$2.9M40xas long as short
Vest CL-PERP+0.0046%1h92.920−0.118%$310K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h92.906−0.133%$1.7M$1.3M20xas long as short
SoDEX CL-USD+0.0050%1h92.894−0.146%$2.1M$60K20xas long as short
Pacifica CL+0.0068%1h92.898−0.142%$330K$622K10xas long as short
ApeX Omni CLUSDTlong+0.0100%1h93.030long leg$56K$266K50x
Aevo WTIOIL-PERP+0.0104%1h92.871−0.171%$4K10xas long as short
BloFin CL-USDT+0.0186%4h92.930−0.107%$4.0M$1.1M50xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0216% / S −0.0143%1h92.895−0.145%$81K111xas long as short
Injective WTI/USDC PERP+0.0220%1h102.25+9.912%$19K$11K30xas long as short