Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.031%

Price spread now: Aevo against Bybit−0.026%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.026% cheaper against Bybit than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CLUSDT	93.690	0	get 0.0000% / 8h	1h 27m	$27.0M	$78.9M	150x
Short	Aevo WTIOIL-PERP	93.666	0.0104	get 0.0013% / 1h	27m 22s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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 BybitbpFee AevobpOrdersPrice spread, now −0.026%Rate

Funding earned: $21.84
Price spread: −0.026% → 0.000%: −$2.6
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$7.76
Costs to cover: 0.270%
Break-even: 9.5 days

Slippage unknown: Bybit: live order book, 2 min ago; Aevo: 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 Bybit live order book, 2 min ago	0.53 bp	6.0 bp −$6	7.1 bp −$71	13.9 bp −$1,387	75.1 bp −$37.5K
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.0497%	1h	93.670	−0.021%	$197K	$383K	15x	as long as short
Aster CLUSD1	−0.0273%	4h	93.723	+0.035%	$24.6M	$65.2M	20x	as long as short
GRVT CL_USDT_Perp	−0.0256%	4h	93.654	−0.039%	$58K	$618K	25x	as long as short
Binance CLUSDT	−0.0147%	4h	93.701	+0.012%	$247.3M	$916.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0143%	1h	93.649	−0.044%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.705	+0.016%	$283K	$960K	25x	as long as short
Variational Omni CL	−0.0135%	4h	93.659	−0.034%	$13.5M	$10.6M	—	as long as short
Ondo Perps WTI-USD.P	−0.0114%	1h	93.600	−0.096%	$3.5M	$5.4M	20x	as long as short
Gate CL_USDT	−0.0106%	8h	93.590	−0.107%	$22.5M	$49.3M	100x	as long as short
Bitget CLUSDT	−0.0102%	4h	93.685	−0.005%	$42.3M	$42.0M	100x	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	−0.0074%	1h	93.672	−0.019%	$185.2M	$207.0M	20x	as long as short
Nado WTI-PERP	−0.0055%	1h	93.717	+0.029%	$966K	$621K	10x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.616	−0.079%	$526K	$305K	30x	as long as short
QFEX CL-USD	−0.0023%	1h	93.670	−0.021%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0016%	4h	93.680	−0.011%	$43.0M	$101.9M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.203%	$404K	$916K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.640	−0.053%	$8K	$3K	5x	as long as short
Bybit CLUSDTlong	0.0000%	8h	93.690	long leg	$27.0M	$78.9M	150x
RISEx CL/USDC	0.0000%	1h	93.728	+0.040%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.690	0.000%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.688	−0.002%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.182	−0.542%	$5K	—	150x	as long as short
Lighter WTI	+0.0016%	1h	93.641	−0.052%	$11.3M	$9.6M	20x	as long as short
Paradex CL-USD-PERP	+0.0023%	8h	93.629	−0.066%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.740	+0.053%	$2.0M	$15.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.680	−0.011%	$742K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.670	−0.021%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.654	−0.038%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.690	0.000%	$2.1M	$61K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.646	−0.047%	$333K	$574K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.684	−0.006%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.660	−0.032%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERPshort	+0.0104%	1h	93.666	−0.026%	$4K	—	10x
Injective WTI/USDC PERP	+0.0220%	1h	102.97	+9.908%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0226%	4h	93.600	−0.096%	$4.0M	$977K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0246% / S −0.0180%	1h	93.655	−0.037%	$84K	—	111x	as long as short