Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.041%

Price spread now: Aevo against BloFin−0.031%7-day average — · you buy dearer than you sell

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

Long on BloFin 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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aevo is 0.031% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CL-USDT	92.920	0.0188	pay 0.0094% / 4h	1h 26m	$4.0M	$1.1M	50x
Short	Aevo WTIOIL-PERP	92.891	0.0104	get 0.0013% / 1h	26m 54s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now −0.031%Rate

Funding earned: −$17.59
Price spread: −0.031% → 0.000%: −$3.1
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$48.69
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 1 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 BloFin live order book, 1 min ago	0.54 bp	6.5 bp −$7	8.0 bp −$80	12.2 bp −$1,218	31.4 bp −$15.7K
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 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	−0.0610%	1h	92.900	−0.022%	$198K	$369K	15x	as long as short
Aster CLUSD1	−0.0250%	4h	92.934	+0.015%	$24.0M	$68.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0234%	4h	92.823	−0.105%	$61K	$625K	25x	as long as short
Binance CLUSDT	−0.0208%	4h	92.910	−0.011%	$245.0M	$955.0M	100x	as long as short
Variational Omni CL	−0.0203%	4h	92.796	−0.133%	$13.5M	$11.1M	—	as long as short
Ondo Perps WTI-USD.P	−0.0169%	1h	92.780	−0.151%	$3.5M	$5.6M	20x	as long as short
Nado WTI-PERP	−0.0156%	1h	92.957	+0.040%	$962K	$662K	10x	as long as short
edgeX CLUSDC	−0.0091%	4h	92.834	−0.093%	$529K	$301K	30x	as long as short
Gate CL_USDT	−0.0087%	8h	92.860	−0.065%	$20.9M	$52.5M	100x	as long as short
tradeXYZ xyz:CL	−0.0066%	1h	92.929	+0.010%	$184.7M	$218.3M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0055%	4h	92.890	−0.032%	$42.8M	$102.1M	50x	as long as short
Aftermath Perps WTIUSD	−0.0050%	1h	92.868	−0.056%	$2K	$27K	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.750	−0.183%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	92.890	−0.032%	$2.5M	$1.7M	10x	as long as short
Extended WTI-USD	−0.0024%	1h	92.960	+0.043%	$2.1M	$22.7M	10x	as long as short
Lighter WTI	0.0000%	1h	92.947	+0.029%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.939	+0.021%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.920	0.000%	$26.5M	$81.1M	150x	as long as short
Bitget CLUSDT	0.0000%	4h	92.889	−0.033%	$41.9M	$43.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.890	−0.032%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.897	−0.025%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.475	−0.479%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	92.893	−0.029%	$16K	$367	5x	as long as short
KuCoin CLUSDTM	+0.0034%	4h	92.912	−0.009%	$7.3M	$2.3M	50x	as long as short
StandX CL-USD	+0.0040%	1h	92.470	−0.484%	$727K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	0.000%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.929	+0.010%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.934	+0.015%	$2.1M	$61K	20x	as long as short
RISEx CL/USDC	+0.0066%	1h	93.026	+0.114%	$3.3M	$2.7M	20x	as long as short
Pacifica CL	+0.0100%	1h	92.903	−0.018%	$331K	$619K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.860	−0.065%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERPshort	+0.0104%	1h	92.891	−0.031%	$4K	—	10x
Kraken Futures PF_WTIOILUSD	+0.0105%	1h	92.943	+0.025%	$274K	$873K	25x	as long as short
BloFin CL-USDTlong	+0.0188%	4h	92.920	long leg	$4.0M	$1.1M	50x
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.895	−0.027%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.95	+9.722%	$19K	$11K	30x	as long as short