Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.010%

Price spread now: StandX against Bitget−0.366%51s7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$600.596% of the position

Long on Bitget Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.206%+$21 on $10k

Price spread, last 7 days+0.354%+$35 · spread now −0.366%, 7d avg −0.030%

Together, before fees+0.560%+ Points / potential airdropStandX: Active · farm board+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.336% cheaper against Bitget than usual: you would sell low and buy high (spread −0.366% now, against its 7-day average of −0.030%). If the spread goes back, that is −$34 on $10k: about 28 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.206% in total) that is about 11 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CLUSDT	92.679	0	get 0.0000% / 4h	3h 04m	$42.2M	$47.9M	100x
Short	StandX CL-USD	92.340	0.0040	get 0.0005% / 1h	4m 37s	$722K	$3.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.366%Rate

Funding earned: $8.4
Price spread: −0.366% → −0.030%: −$33.56
Slippage, 4 orders: −$39.58
Fee Bitget: 6 bp × 2 orders: −$12
Fee StandX: 4 bp × 2 orders: −$8
Net: −$84.73
Costs to cover: 0.596%
Break-even: 77.6 days

Slippage from Bitget: live order book, 4 min ago; StandX: live order book, 4 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 Bitget live order book, 4 min ago	0.59 bp	7.4 bp −$7	9.8 bp −$98	doesn't fit	doesn't fit
Sell StandX live order book, 4 min ago	2.71 bp	6.7 bp −$7	29.1 bp −$291	doesn't fit	doesn't fit

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
GRVT CL_USDT_Perp	−0.0352%	4h	92.655	−0.026%	$58K	$630K	25x	as long as short
Aster CLUSD1	−0.0337%	4h	92.690	+0.012%	$24.0M	$75.1M	20x	as long as short
Binance CLUSDT	−0.0283%	4h	92.690	+0.012%	$244.6M	$1.02B	100x	as long as short
Variational Omni CL	−0.0273%	4h	92.658	−0.023%	$13.3M	$11.5M	—	as long as short
Gate CL_USDT	−0.0190%	8h	92.610	−0.074%	$21.3M	$55.6M	100x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0181%	1h	92.680	+0.001%	$123K	$275K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.705	+0.028%	$275K	$912K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0053%	1h	92.650	−0.031%	$3.5M	$5.9M	20x	as long as short
Nado WTI-PERP	−0.0050%	1h	92.747	+0.073%	$935K	$702K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.700%	$399K	$956K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.660	−0.021%	$2.4M	$1.7M	10x	as long as short
tradeXYZ xyz:CL	−0.0031%	1h	92.688	+0.010%	$185.9M	$233.5M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.742	+0.068%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.690	+0.012%	$26.5M	$88.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.660	−0.021%	$42.9M	$108.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.802	+0.133%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDTlong	0.0000%	4h	92.679	long leg	$42.2M	$47.9M	100x
Phoenix WTIOIL	0.0000%	1h	92.680	+0.001%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.680	+0.001%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.225	−0.490%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.710	+0.033%	$2.3M	$25.7M	10x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	92.666	−0.014%	$15K	$367	5x	as long as short
Lighter WTI	+0.0024%	1h	92.689	+0.011%	$11.2M	$10.3M	20x	as long as short
StandX CL-USDshort	+0.0040%	1h	92.340	−0.366%	$722K	$3.1M	40x
Vest CL-PERP	+0.0046%	1h	92.710	+0.033%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.697	+0.019%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.672	−0.008%	$2.0M	$38K	20x	as long as short
edgeX CLUSDC	+0.0067%	4h	92.621	−0.063%	$533K	$299K	30x	as long as short
KuCoin CLUSDTM	+0.0078%	4h	92.697	+0.019%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.677	−0.002%	$354K	$605K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.670	−0.010%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.652	−0.029%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0133%	1h	92.678	−0.001%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.675	−0.004%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+9.723%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.640	−0.042%	$4.0M	$1.2M	50x	as long as short