Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.014%

Price spread now: Vest against Bybit−0.034%7-day average −0.886% · you buy dearer than you sell

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

Long on Bybit Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.057%+$6 on $10k

Price spread, last 3 days (all we have)−0.269%−$27 · spread now −0.034%, 7d avg −0.886%

Together, before fees−0.212%+ Points / potential airdropVest: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Vest is 0.852% dearer against Bybit than usual: you sell high and buy low: +$85 more if the spread goes back to its 7-day average of −0.886%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CLUSDT	92.842	0	get 0.0000% / 8h	6h 58m	$26.5M	$86.7M	150x
Short	Vest CL-PERP	92.810	0.0046	get 0.0006% / 1h	58m 01s	—	$310K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.034%Rate

Funding earned: $9.59
Price spread: −0.034% → −0.886%: $85.15
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Vest: 1 bp × 2 orders: −$2
Net: $81.74
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Bybit: live order book, 1 min ago; Vest: 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, 1 min ago	0.54 bp	7.0 bp −$7	8.3 bp −$83	17.8 bp −$1,775	94.7 bp −$47.3K
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	−0.0719%	1h	92.760	−0.088%	$192K	$358K	15x	as long as short
GRVT CL_USDT_Perp	−0.0342%	4h	92.660	−0.196%	$58K	$630K	25x	as long as short
Aster CLUSD1	−0.0336%	4h	92.855	+0.014%	$24.0M	$75.0M	20x	as long as short
Binance CLUSDT	−0.0282%	4h	92.820	−0.024%	$244.9M	$1.02B	100x	as long as short
Variational Omni CL	−0.0273%	4h	92.659	−0.197%	$13.3M	$11.4M	—	as long as short
Gate CL_USDT	−0.0193%	8h	92.780	−0.067%	$21.2M	$52.2M	100x	as long as short
tradeXYZ xyz:CL	−0.0067%	1h	92.854	+0.013%	$186.5M	$234.7M	20x	as long as short
Nado WTI-PERP	−0.0065%	1h	92.837	−0.005%	$936K	$696K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.030	−0.875%	$399K	$956K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0038%	1h	92.833	−0.010%	$274K	$906K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0033%	1h	92.750	−0.099%	$2.5M	$1.7M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0023%	1h	92.730	−0.121%	$3.5M	$5.9M	20x	as long as short
OKX CL-USDT-SWAP	−0.0005%	4h	92.830	−0.013%	$43.0M	$108.6M	50x	as long as short
dYdX WTI-USD	0.0000%	1h	92.832	−0.011%	$8K	$3K	5x	as long as short
Bybit CLUSDTlong	0.0000%	8h	92.842	long leg	$26.5M	$86.7M	150x
Bitget CLUSDT	0.0000%	4h	92.815	−0.029%	$42.3M	$47.3M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.740	−0.110%	$37K	$51K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.795	−0.051%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.389	−0.488%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	92.844	+0.002%	$11.2M	$10.0M	20x	as long as short
Paradex CL-USD-PERP	+0.0013%	8h	92.764	−0.084%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0016%	1h	92.860	+0.019%	$2.1M	$25.5M	10x	as long as short
edgeX CLUSDC	+0.0035%	4h	92.691	−0.163%	$533K	$300K	30x	as long as short
RISEx CL/USDC	+0.0037%	1h	92.884	+0.045%	$3.3M	$2.7M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.450	−0.422%	$723K	$3.1M	40x	as long as short
Vest CL-PERPshort	+0.0046%	1h	92.810	−0.034%	—	$310K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.790	−0.056%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.825	−0.018%	$2.1M	$58K	20x	as long as short
KuCoin CLUSDTM	+0.0076%	4h	92.848	+0.006%	$7.2M	$2.3M	50x	as long as short
Pacifica CL	+0.0100%	1h	92.783	−0.064%	$355K	$605K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.780	−0.067%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.782	−0.065%	$4K	—	10x	as long as short
Aftermath Perps WTIUSD	+0.0107%	1h	92.738	−0.112%	$2K	$28K	5x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0207% / S −0.0131%	1h	92.815	−0.029%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.69	+9.530%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0237%	4h	92.680	−0.174%	$4.0M	$1.2M	50x	as long as short