Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0175%/8h= −19.1% APRpaid last 24h −0.052%

Price spread now: RISEx against BloFin+0.062%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on BloFin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.108%−$11 on $10k

Price spread, last 4 days (all we have)+0.097%+$10 · spread now +0.062%, 7d avg +0.064%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.064%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin CL-USDT	93.350	0.0175	pay 0.0087% / 4h	3h 04m	$4.0M	$990K	50x
Short	RISEx CL/USDC	93.408	0	get 0.0000% / 1h	4m 35s	$3.1M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$36.71
Price spread: +0.062% → +0.064%: −$0.21
Slippage, 4 orders: −$4.07
Fee BloFin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$58.99
Costs to cover: 0.221%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; RISEx: 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 BloFin live order book, 4 min ago	1.07 bp	8.1 bp −$8	8.1 bp −$81	10.0 bp −$1,002	20.5 bp −$10.3K
Sell RISEx live order book, 4 min ago	0.38 bp	3.5 bp −$3	5.0 bp −$50	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	−0.0500%	1h	93.320	−0.032%	$198K	$371K	15x	as long as short
GRVT CL_USDT_Perp	−0.0332%	4h	93.337	−0.014%	$58K	$654K	25x	as long as short
Aster CLUSD1	−0.0285%	4h	93.371	+0.023%	$24.3M	$65.8M	20x	as long as short
Binance CLUSDT	−0.0189%	4h	93.360	+0.011%	$246.5M	$939.5M	100x	as long as short
Variational Omni CL	−0.0175%	4h	93.319	−0.034%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0143%	1h	93.300	−0.053%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0129%	1h	93.280	−0.075%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0128%	4h	93.343	−0.007%	$42.0M	$43.2M	100x	as long as short
Nado WTI-PERP	−0.0107%	1h	93.413	+0.068%	$966K	$628K	10x	as long as short
edgeX CLUSDC	−0.0079%	4h	93.332	−0.019%	$525K	$306K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0070%	8h	93.300	−0.054%	$21.4M	$51.6M	100x	as long as short
OKX CL-USDT-SWAP	−0.0065%	4h	93.360	+0.011%	$42.7M	$103.2M	50x	as long as short
tradeXYZ xyz:CL	−0.0061%	1h	93.357	+0.007%	$184.7M	$217.1M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.371	+0.023%	$282K	$961K	25x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.204%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.340	−0.011%	$2.3M	$2.0M	10x	as long as short
Paradex CL-USD-PERP	−0.0019%	8h	93.346	−0.004%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.370	+0.021%	$37K	$41K	20x	as long as short
Lighter WTI	0.0000%	1h	93.352	+0.002%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	−0.022%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.373	+0.025%	$26.9M	$80.0M	150x	as long as short
RISEx CL/USDCshort	0.0000%	1h	93.408	+0.062%	$3.1M	$2.9M	20x
Bullet WTIOIL-USD	0.0000%	1h	93.354	+0.005%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.904	−0.478%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0016%	1h	93.400	+0.054%	$2.0M	$18.3M	10x	as long as short
KuCoin CLUSDTM	+0.0022%	4h	93.384	+0.036%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	−0.214%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.360	+0.011%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.339	−0.012%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.350	0.000%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.355	+0.006%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.320	−0.032%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.321	−0.031%	$4K	—	10x	as long as short
BloFin CL-USDTlong	+0.0175%	4h	93.350	long leg	$4.0M	$990K	50x
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.664%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0225% / S −0.0152%	1h	93.345	−0.005%	$81K	—	111x	as long as short