Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h −0.039%

Price spread now: ApeX Omni against BloFin+0.096%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$550.546% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 4 days (all we have)−0.065%−$6 · spread now +0.096%, 7d avg +0.016%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.080% dearer against BloFin than usual: you sell high and buy low (spread +0.096% now, against its 7-day average of +0.016%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.064% in total) that is about 8.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CL-USDT	93.590	0.0226	pay 0.0113% / 4h	1h 39m	$4.0M	$977K	50x
Short	ApeX Omni CLUSDT	93.680	0.0100	get 0.0013% / 1h	39m 50s	$54K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.096%Rate

Funding earned: −$26.47
Price spread: +0.096% → +0.016%: $8.04
Slippage, 4 orders: −$32.56
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$72.99
Costs to cover: 0.546%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; ApeX Omni: live order book, 2 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 BloFin live order book, 4 min ago	0.53 bp	6.5 bp −$7	7.6 bp −$76	10.9 bp −$1,091	23.8 bp −$11.9K
Sell ApeX Omni live order book, 2 min ago	8.55 bp	20.3 bp −$20	204.4 bp −$2,044	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
Deribit WTIOIL_USDC-PERPETUAL	−0.0497%	1h	93.660	+0.075%	$197K	$382K	15x	as long as short
Aster CLUSD1	−0.0263%	4h	93.757	+0.178%	$24.5M	$65.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0244%	4h	93.620	+0.032%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0146%	4h	93.730	+0.150%	$246.6M	$924.5M	100x	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.671	+0.086%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.707	+0.125%	$287K	$957K	25x	as long as short
Variational Omni CL	−0.0135%	4h	93.609	+0.020%	$13.5M	$10.6M	—	as long as short
Bitget CLUSDT	−0.0102%	4h	93.719	+0.138%	$42.2M	$42.2M	100x	as long as short
Gate CL_USDT	−0.0099%	8h	93.640	+0.053%	$22.3M	$48.8M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0090%	1h	93.600	+0.011%	$3.5M	$5.4M	20x	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	−0.0058%	1h	93.696	+0.113%	$185.1M	$211.0M	20x	as long as short
edgeX CLUSDC	−0.0055%	4h	93.649	+0.063%	$526K	$307K	30x	as long as short
Nado WTI-PERP	−0.0048%	1h	93.754	+0.175%	$965K	$626K	10x	as long as short
QFEX CL-USD	−0.0023%	1h	93.690	+0.107%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0014%	4h	93.730	+0.150%	$42.7M	$101.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.096%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.651	+0.065%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.730	+0.150%	$27.0M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.744	+0.165%	$3.1M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.640	+0.053%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.714	+0.133%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.263	−0.349%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0028%	8h	93.641	+0.055%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.694	+0.111%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.740	+0.160%	$2.0M	$16.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	+0.096%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.700	+0.118%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.704	+0.122%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.691	+0.108%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.678	+0.094%	$333K	$576K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.719	+0.138%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDTshort	+0.0100%	1h	93.680	+0.096%	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	93.673	+0.088%	$4K	—	10x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.781%	$19K	$11K	30x	as long as short
BloFin CL-USDTlong	+0.0226%	4h	93.590	long leg	$4.0M	$977K	50x
GMX WTIOIL/USD [ETH-USDC]	L +0.0246% / S −0.0180%	1h	93.715	+0.134%	$84K	—	111x	as long as short