Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0193%/8h= +21.2% APRpaid last 24h +0.040%

Price spread now: Vest against Binance+0.027%7-day average −0.874% · you sell dearer than you buy

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

Long on Binance Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.448%−$45 · spread now +0.027%, 7d avg −0.874%

Together, before fees−0.408%+ Points / potential airdropVest: Active · farm board−$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Vest is 0.901% dearer against Binance than usual: you sell high and buy low: +$90 more if the spread goes back to its 7-day average of −0.874%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.040% in total (about 4.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CLUSDT	93.644	−0.0148	get 0.0074% / 4h	1h 26m	$247.1M	$916.9M	100x
Short	Vest CL-PERP	93.670	0.0046	get 0.0006% / 1h	26m 19s	—	$313K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Binance. 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 BinancebpFee VestbpOrdersPrice spread, now +0.027%Rate

Funding earned: $40.61
Price spread: +0.027% → −0.874%: $90.14
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: $118.76
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Binance: live order book, 3 min ago; Vest: no order-book sample. 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 Binance live order book, 3 min ago	0.53 bp	5.5 bp −$6	5.5 bp −$55	7.4 bp −$741	20.6 bp −$10.3K
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0497%	1h	93.610	−0.037%	$196K	$383K	15x	as long as short
Aster CLUSD1	−0.0273%	4h	93.680	+0.038%	$24.6M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0256%	4h	93.654	+0.010%	$58K	$618K	25x	as long as short
Binance CLUSDTlong	−0.0148%	4h	93.644	long leg	$247.1M	$916.9M	100x
Aftermath Perps WTIUSD	−0.0141%	1h	93.684	+0.043%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.663	+0.020%	$283K	$960K	25x	as long as short
Variational Omni CL	−0.0135%	4h	93.659	+0.015%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0116%	1h	93.620	−0.026%	$3.5M	$5.3M	20x	as long as short
Gate CL_USDT	−0.0108%	8h	93.580	−0.069%	$22.5M	$49.4M	100x	as long as short
Bitget CLUSDT	−0.0102%	4h	93.612	−0.034%	$42.3M	$42.1M	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	−0.0075%	1h	93.653	+0.009%	$185.2M	$207.0M	20x	as long as short
Nado WTI-PERP	−0.0055%	1h	93.711	+0.071%	$966K	$620K	10x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.616	−0.030%	$526K	$305K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.650	+0.006%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0019%	4h	93.640	−0.005%	$43.0M	$101.8M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.154%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.729	+0.091%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.640	−0.005%	$27.0M	$79.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.710	+0.071%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.690	+0.049%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.667	+0.024%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.189	−0.486%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	93.632	−0.013%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0023%	8h	93.641	−0.003%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.670	+0.027%	$2.0M	$15.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	+0.038%	$742K	$2.8M	40x	as long as short
Vest CL-PERPshort	+0.0046%	1h	93.670	+0.027%	—	$313K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.654	+0.010%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.629	−0.016%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.665	+0.022%	$333K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.684	+0.042%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.660	+0.017%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.620	−0.026%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.962%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0224%	4h	93.640	−0.005%	$4.0M	$977K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0246% / S −0.0180%	1h	93.695	+0.054%	$84K	—	111x	as long as short