Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.072%

Price spread now: dYdX against BloFin+0.060%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on dYdX

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 pays, funding is against you. dYdX is 0.060% dearer against BloFin than usual: you sell high and buy low (spread +0.060% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CL-USDT	92.180	0.0240	pay 0.0120% / 4h	3h 48m	$4.0M	$1.4M	50x
Short	dYdX WTI-USD	92.235	0	get 0.0000% / 1h	48m 03s	$8K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$50.4
Price spread: +0.060% → 0.000%: $5.98
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$66.42
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 min ago; dYdX: 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, 5 min ago	1.09 bp	7.1 bp −$7	8.5 bp −$85	13.5 bp −$1,353	30.7 bp −$15.4K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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
GRVT CL_USDT_Perp	−0.0536%	4h	92.166	−0.015%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0323%	4h	92.220	+0.043%	$23.9M	$79.9M	20x	as long as short
Gate CL_USDT	−0.0279%	8h	92.130	−0.054%	$21.3M	$54.4M	100x	as long as short
Binance CLUSDT	−0.0253%	4h	92.210	+0.033%	$245.2M	$1.08B	100x	as long as short
Variational Omni CL	−0.0236%	4h	92.101	−0.086%	$13.2M	$12.7M	—	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0184%	1h	92.230	+0.054%	$96K	$189K	15x	as long as short
Bybit CLUSDT	−0.0125%	8h	92.220	+0.043%	$26.0M	$93.7M	150x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.230	+0.055%	$273K	$1.2M	25x	as long as short
Nado WTI-PERP	−0.0116%	1h	92.230	+0.054%	$923K	$732K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0102%	1h	92.160	−0.022%	$3.5M	$6.2M	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	92.235	+0.060%	$186.3M	$261.7M	20x	as long as short
Lighter WTI	−0.0040%	1h	92.220	+0.043%	$11.2M	$10.0M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.163%	$399K	$960K	15x	as long as short
QFEX CL-USD	−0.0040%	1h	92.160	−0.022%	$2.4M	$2.2M	10x	as long as short
Paradex CL-USD-PERP	−0.0034%	8h	92.155	−0.027%	$15K	$367	5x	as long as short
dYdX WTI-USDshort	0.0000%	1h	92.235	+0.060%	$8K	$3K	5x
OKX CL-USDT-SWAP	0.0000%	4h	92.190	+0.011%	$42.9M	$111.2M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.290	+0.119%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.210	+0.033%	$41.9M	$51.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.260	+0.087%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.201	+0.023%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.792	−0.421%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.260	+0.087%	$2.0M	$26.7M	10x	as long as short
edgeX CLUSDC	+0.0036%	4h	92.162	−0.020%	$530K	$306K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.150	−0.033%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.220	+0.043%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.181	+0.001%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.211	+0.034%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.167	−0.015%	$353K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.231	+0.055%	$7.2M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.120	−0.065%	$55K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.195	+0.016%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.215	+0.038%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.38	+9.983%	$19K	$11K	30x	as long as short
BloFin CL-USDTlong	+0.0240%	4h	92.180	long leg	$4.0M	$1.4M	50x
Aftermath Perps WTIUSD	+0.0409%	1h	92.194	+0.015%	$2K	$29K	5x	as long as short