Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.009%

Price spread now: StandX against Bybit−0.214%48s7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.478% of the position

Long on Bybit Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.355%+$36 on $10k

Price spread, last 7 days+0.241%+$24 · spread now −0.214%, 7d avg −0.023%

Together, before fees+0.597%+ Points / potential airdropStandX: Active · farm board+$60 on $10k · with fees, hour by hour

Funding pays, the price is against you. StandX is 0.191% cheaper against Bybit than usual: you would sell low and buy high (spread −0.214% now, against its 7-day average of −0.023%). If the spread goes back, that is −$19 on $10k: about 16 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.355% in total) that is about 3.8 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CLUSDT	93.370	0	get 0.0000% / 8h	3h 07m	$27.0M	$80.1M	150x
Short	StandX CL-USD	93.170	0.0040	get 0.0005% / 1h	7m 39s	$736K	$2.9M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now −0.214%Rate

Funding earned: $8.4
Price spread: −0.214% → −0.023%: −$19.12
Slippage, 4 orders: −$28.79
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee StandX: 4 bp × 2 orders: −$8
Net: −$58.51
Costs to cover: 0.478%
Break-even: 55.8 days

Slippage from Bybit: live order book, 1 min ago; StandX: live order book, 1 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 Bybit live order book, 1 min ago	0.54 bp	6.6 bp −$7	7.7 bp −$77	14.0 bp −$1,405	85.9 bp −$42.9K
Sell StandX live order book, 1 min ago	2.15 bp	6.1 bp −$6	18.5 bp −$185	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	−0.054%	$198K	$371K	15x	as long as short
GRVT CL_USDT_Perp	−0.0334%	4h	93.324	−0.050%	$58K	$654K	25x	as long as short
Aster CLUSD1	−0.0284%	4h	93.368	−0.002%	$24.3M	$65.9M	20x	as long as short
Binance CLUSDT	−0.0189%	4h	93.356	−0.015%	$246.5M	$939.8M	100x	as long as short
Variational Omni CL	−0.0173%	4h	93.308	−0.067%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0138%	1h	93.300	−0.074%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0130%	4h	93.341	−0.031%	$42.0M	$43.2M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0129%	1h	93.280	−0.096%	$3.5M	$5.4M	20x	as long as short
Nado WTI-PERP	−0.0111%	1h	93.397	+0.029%	$966K	$629K	10x	as long as short
edgeX CLUSDC	−0.0079%	4h	93.332	−0.041%	$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	−0.0069%	8h	93.290	−0.086%	$21.4M	$51.5M	100x	as long as short
OKX CL-USDT-SWAP	−0.0065%	4h	93.350	−0.021%	$42.7M	$103.1M	50x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.371	+0.002%	$282K	$961K	25x	as long as short
tradeXYZ xyz:CL	−0.0061%	1h	93.337	−0.035%	$184.7M	$217.1M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.225%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.330	−0.043%	$2.3M	$2.0M	10x	as long as short
Paradex CL-USD-PERP	−0.0022%	8h	93.321	−0.052%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.370	0.000%	$37K	$41K	20x	as long as short
Lighter WTI	0.0000%	1h	93.343	−0.029%	$11.2M	$10.4M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	−0.043%	$8K	$3K	5x	as long as short
Bybit CLUSDTlong	0.0000%	8h	93.370	long leg	$27.0M	$80.1M	150x
RISEx CL/USDC	0.0000%	1h	93.408	+0.041%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.348	−0.024%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.908	−0.495%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	93.390	+0.021%	$2.0M	$18.3M	10x	as long as short
KuCoin CLUSDTM	+0.0016%	4h	93.373	+0.003%	$7.1M	$2.4M	50x	as long as short
StandX CL-USDshort	+0.0040%	1h	93.170	−0.214%	$736K	$2.9M	40x
Vest CL-PERP	+0.0046%	1h	93.350	−0.021%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.336	−0.036%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.349	−0.022%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.350	−0.021%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.340	−0.032%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.313	−0.061%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0176%	4h	93.350	−0.021%	$4.0M	$992K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.640%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0224% / S −0.0152%	1h	93.355	−0.016%	$81K	—	111x	as long as short