Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.044%

Price spread now: Aevo against Bitget+0.007%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 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: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CLUSDT	89.567	−0.0116	get 0.0058% / 4h	1h 53m	$40.6M	$56.3M	100x
Short	Aevo WTIOIL-PERP	89.573	0.0104	get 0.0013% / 1h	53m 23s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now +0.007%Rate

Funding earned: $46.2
Price spread: +0.007% → 0.000%: $0.66
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: $18.86
Costs to cover: 0.280%
Break-even: 4.1 days

Slippage unknown: Bitget: live order book, 4 min ago; Aevo: 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 Bitget live order book, 4 min ago	0.62 bp	7.8 bp −$8	9.4 bp −$94	doesn't fit	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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 exchanges

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
Kraken Futures PF_WTIOILUSD	−0.0341%	1h	89.598	+0.035%	$319K	$1.8M	25x	as long as short
Aster CLUSD1	−0.0147%	4h	89.650	+0.093%	$24.3M	$71.1M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0125%	1h	89.450	−0.131%	$3.4M	$6.1M	20x	as long as short
Bitget CLUSDTlong	−0.0116%	4h	89.567	long leg	$40.6M	$56.3M	100x
GRVT CL_USDT_Perp	−0.0114%	4h	89.326	−0.269%	$66K	$632K	25x	as long as short
tradeXYZ xyz:CL	−0.0099%	1h	89.569	+0.002%	$170.0M	$240.6M	20x	as long as short
Binance CLUSDT	−0.0099%	4h	89.627	+0.067%	$241.0M	$1.20B	100x	as long as short
edgeX CLUSDC	−0.0080%	4h	89.515	−0.058%	$495K	$383K	30x	as long as short
Variational Omni CL	−0.0080%	4h	89.432	−0.151%	$12.6M	$11.3M	—	as long as short
Extended WTI-USD	−0.0080%	1h	89.610	+0.048%	$1.2M	$14.6M	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0075%	8h	89.550	−0.019%	$22.9M	$53.4M	100x	as long as short
Aftermath Perps WTIUSD	−0.0052%	1h	89.626	+0.066%	$1K	$27K	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	89.360	−0.231%	$408K	$1.5M	15x	as long as short
Nado WTI-PERP	−0.0035%	1h	89.476	−0.101%	$871K	$683K	10x	as long as short
OKX CL-USDT-SWAP	−0.0027%	4h	89.600	+0.037%	$39.9M	$131.3M	50x	as long as short
QFEX CL-USD	−0.0025%	1h	89.470	−0.108%	$2.2M	$2.8M	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.065	−0.560%	$606	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.424	−0.160%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.620	+0.059%	$26.7M	$108.7M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	89.623	+0.063%	$2.8M	$3.1M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	89.500	−0.075%	$32K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.620	+0.060%	$16K	$238K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	89.600	+0.037%	$46K	$651K	15x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	89.488	−0.089%	$15K	$367	5x	as long as short
Lighter WTI	+0.0016%	1h	89.464	−0.115%	$10.6M	$10.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	89.400	−0.186%	$690K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.490	−0.086%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.493	−0.083%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.589	+0.025%	$2.0M	$84K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.487	−0.090%	$300K	$729K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.541	−0.029%	$6.9M	$3.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.420	−0.164%	$52K	$266K	50x	as long as short
Aevo WTIOIL-PERPshort	+0.0104%	1h	89.573	+0.007%	$4K	—	10x
GMX WTIOIL/USD [ETH-USDC]	L +0.0165% / S +0.0014%	1h	89.615	+0.054%	$73K	—	111x	as long as short
BloFin CL-USDT	+0.0210%	4h	89.380	−0.209%	$3.9M	$1.1M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.636%	$16K	$5K	30x	as long as short