Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: dYdX against Bullet−0.005%7-day average — · you buy dearer than you sell

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

Long on Bullet Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet WTIOIL-USD	93.118	0	get 0.0000% / 1h	36m 01s	$19K	$242K	10x
Short	dYdX WTI-USD	93.113	0	get 0.0000% / 1h	36m 01s	$8K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bullet. 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 BulletbpFee dYdXbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → 0.000%: −$0.53
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$18.53
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bullet: live order book, 23 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 Bullet live order book, 23 min ago	0.54 bp	6.4 bp −$6	17.2 bp −$172	doesn't fit	doesn't fit
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
Deribit WTIOIL_USDC-PERPETUAL	−0.0394%	1h	93.090	−0.030%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0252%	4h	93.105	−0.014%	$24.0M	$67.3M	20x	as long as short
GRVT CL_USDT_Perp	−0.0242%	4h	93.158	+0.042%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0195%	1h	93.145	+0.028%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0194%	4h	93.094	−0.026%	$244.7M	$951.8M	100x	as long as short
Variational Omni CL	−0.0187%	4h	93.099	−0.021%	$13.5M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0122%	1h	93.070	−0.052%	$3.5M	$5.6M	20x	as long as short
tradeXYZ xyz:CL	−0.0111%	1h	93.101	−0.018%	$184.9M	$215.6M	20x	as long as short
Aftermath Perps WTIUSD	−0.0096%	1h	93.111	−0.007%	$2K	$27K	5x	as long as short
Bitget CLUSDT	−0.0092%	4h	93.079	−0.042%	$41.9M	$43.9M	100x	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	−0.0070%	4h	93.100	−0.020%	$42.6M	$102.8M	50x	as long as short
Gate CL_USDT	−0.0054%	8h	93.080	−0.041%	$20.9M	$51.6M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.395%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	93.090	−0.030%	$2.5M	$1.7M	10x	as long as short
edgeX CLUSDC	−0.0037%	4h	93.129	+0.012%	$530K	$300K	30x	as long as short
Nado WTI-PERP	−0.0035%	1h	93.164	+0.050%	$963K	$653K	10x	as long as short
Lighter WTI	−0.0016%	1h	93.112	−0.007%	$11.2M	$10.5M	20x	as long as short
KuCoin CLUSDTM	−0.0014%	4h	93.168	+0.053%	$7.1M	$2.4M	50x	as long as short
dYdX WTI-USDshort	0.0000%	1h	93.113	−0.005%	$8K	$3K	5x
Extended WTI-USD	0.0000%	1h	93.160	+0.045%	$2.0M	$21.1M	10x	as long as short
Bybit CLUSDT	0.0000%	8h	93.091	−0.029%	$26.7M	$80.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.174	+0.060%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.130	+0.013%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USDlong	0.0000%	1h	93.118	long leg	$19K	$242K	10x
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.679	−0.472%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0012%	8h	93.092	−0.029%	$16K	$367	5x	as long as short
StandX CL-USD	+0.0040%	1h	93.140	+0.023%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.130	+0.013%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.117	−0.001%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.115	−0.003%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.105	−0.014%	$329K	$621K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.100	−0.020%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.077	−0.044%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0171%	4h	93.100	−0.020%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0213% / S −0.0140%	1h	93.115	−0.003%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.19	+9.738%	$19K	$11K	30x	as long as short