Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h −0.061%

Price spread now: Extended against BloFin+0.064%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.171%−$17 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.064%, 7d avg +0.009%

Together, before fees−0.226%+ Points / potential airdropExtended: Active · farm board−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.055% dearer against BloFin than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of +0.009%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CL-USDT	93.630	0.0179	pay 0.0090% / 4h	58m 34s	$4.1M	$973K	50x
Short	Extended WTI-USD	93.690	0.0032	get 0.0004% / 1h	58m 34s	$1.9M	$14.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$30.87
Price spread: +0.064% → +0.009%: $5.51
Slippage, 4 orders: −$5.98
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$48.34
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago	0.54 bp	6.5 bp −$7	6.7 bp −$67	9.5 bp −$946	23.2 bp −$11.6K
Sell Extended live order book, 5 min ago	0.27 bp	3.1 bp −$3	6.5 bp −$65	23.5 bp −$2,353	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	−0.0604%	1h	93.640	+0.011%	$196K	$388K	15x	as long as short
GRVT CL_USDT_Perp	−0.0308%	4h	93.381	−0.265%	$53K	$607K	25x	as long as short
Aster CLUSD1	−0.0294%	4h	93.716	+0.092%	$24.7M	$64.8M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0208%	1h	93.735	+0.112%	$276K	$967K	25x	as long as short
Binance CLUSDT	−0.0169%	4h	93.700	+0.075%	$247.6M	$922.6M	100x	as long as short
Variational Omni CL	−0.0159%	4h	93.419	−0.226%	$13.4M	$10.7M	—	as long as short
Bitget CLUSDT	−0.0128%	4h	93.657	+0.029%	$42.4M	$42.1M	100x	as long as short
Aftermath Perps WTIUSD	−0.0128%	1h	93.502	−0.137%	$2K	$26K	5x	as long as short
Gate CL_USDT	−0.0126%	8h	93.600	−0.032%	$22.9M	$48.2M	100x	as long as short
Nado WTI-PERP	−0.0114%	1h	93.721	+0.097%	$963K	$630K	10x	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	−0.0057%	4h	93.670	+0.043%	$42.8M	$103.2M	50x	as long as short
edgeX CLUSDC	−0.0046%	4h	93.416	−0.229%	$525K	$306K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.700	+0.075%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	−0.096%	$405K	$862K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.699	+0.074%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.700	+0.075%	$26.9M	$79.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.687	+0.061%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.440	−0.203%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.719	+0.095%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.232	−0.425%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0001%	8h	93.641	+0.012%	$16K	$367	5x	as long as short
Lighter WTI	+0.0016%	1h	93.666	+0.038%	$11.3M	$9.1M	20x	as long as short
Extended WTI-USDshort	+0.0032%	1h	93.690	+0.064%	$1.9M	$14.9M	10x
Ondo Perps WTI-USD.P	+0.0033%	1h	93.620	−0.011%	$3.5M	$5.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	93.730	+0.107%	$743K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.640	+0.011%	—	$313K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	93.685	+0.059%	$185.2M	$205.0M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.662	+0.034%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.675	+0.048%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.673	+0.046%	$350K	$594K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.673	+0.046%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.480	−0.160%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.654	+0.026%	$4K	—	10x	as long as short
BloFin CL-USDTlong	+0.0179%	4h	93.630	long leg	$4.1M	$973K	50x
Injective WTI/USDC PERP	+0.0220%	1h	102.82	+9.814%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0251% / S −0.0186%	1h	93.685	+0.059%	$84K	—	111x	as long as short