Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0061%/8h= −6.6% APRpaid last 24h −0.016%

Price spread now: Aftermath Perps against Bybit+0.041%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 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. Aftermath Perps is 0.041% dearer against Bybit than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CLUSDT	89.450	0	get 0.0000% / 8h	5h 49m	$26.8M	$109.0M	150x
Short	Aftermath Perps WTIUSD	89.487	−0.0061	pay 0.0008% / 1h	49m 19s	$1K	$26K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$12.75
Price spread: +0.041% → 0.000%: $4.11
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$28.64
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Aftermath Perps: 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, 3 min ago	0.56 bp	6.3 bp −$6	8.0 bp −$80	19.4 bp −$1,942	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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 exchanges

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
Kraken Futures PF_WTIOILUSD	−0.0343%	1h	89.258	−0.215%	$318K	$1.8M	25x	as long as short
Aster CLUSD1	−0.0139%	4h	89.488	+0.042%	$24.2M	$71.4M	20x	as long as short
Bitget CLUSDT	−0.0114%	4h	89.447	−0.003%	$40.7M	$56.8M	100x	as long as short
GRVT CL_USDT_Perp	−0.0110%	4h	89.529	+0.089%	$66K	$632K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0090%	1h	89.400	−0.056%	$3.4M	$6.2M	20x	as long as short
Binance CLUSDT	−0.0090%	4h	89.455	+0.006%	$240.6M	$1.21B	100x	as long as short
tradeXYZ xyz:CL	−0.0080%	1h	89.417	−0.037%	$167.2M	$243.9M	20x	as long as short
Variational Omni CL	−0.0066%	4h	89.342	−0.120%	$12.6M	$11.3M	—	as long as short
Extended WTI-USD	−0.0064%	1h	89.470	+0.022%	$1.3M	$14.6M	10x	as long as short
Gate CL_USDT	−0.0063%	8h	89.390	−0.067%	$23.0M	$53.8M	100x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps WTIUSDshort	−0.0061%	1h	89.487	+0.041%	$1K	$26K	5x
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	89.250	−0.224%	$408K	$1.4M	15x	as long as short
edgeX CLUSDC	−0.0037%	4h	89.403	−0.053%	$494K	$384K	30x	as long as short
QFEX CL-USD	−0.0025%	1h	89.440	−0.011%	$2.2M	$2.8M	10x	as long as short
OKX CL-USDT-SWAP	−0.0025%	4h	89.430	−0.022%	$39.9M	$132.7M	50x	as long as short
Nado WTI-PERP	−0.0024%	1h	89.459	+0.010%	$872K	$685K	10x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.229	−0.247%	$607	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.461	+0.013%	$8K	$3K	5x	as long as short
Bybit CLUSDTlong	0.0000%	8h	89.450	long leg	$26.8M	$109.0M	150x
RISEx CL/USDC	0.0000%	1h	89.491	+0.046%	$2.8M	$3.1M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	89.380	−0.078%	$32K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.454	+0.004%	$17K	$238K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	89.270	−0.201%	$42K	$654K	15x	as long as short
Paradex CL-USD-PERP	+0.0014%	8h	89.437	−0.015%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	89.447	−0.003%	$10.5M	$10.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	89.380	−0.078%	$690K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	89.400	−0.056%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.394	−0.063%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.282	−0.188%	$2.0M	$84K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.448	−0.002%	$299K	$737K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.448	−0.002%	$6.9M	$3.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.320	−0.145%	$52K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.256	−0.217%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0165% / S −0.0005%	1h	89.465	+0.017%	$77K	—	111x	as long as short
BloFin CL-USDT	+0.0214%	4h	89.350	−0.112%	$3.9M	$1.1M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.768%	$16K	$5K	30x	as long as short