Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0240%/8hpaid last 24h +0.078%

Price spread now: BloFin against Coinbase International+0.087%7-day average +0.092% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.407%+$41 on $10k

Price spread, last 3 days (all we have)−0.082%−$8 · spread now +0.087%, 7d avg +0.092%

Together, before fees+0.325%+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.092%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International WTIOIL-PERP-INTX	92.020	0	get 0.0000% / 1h	4m 30s	$396K	$1.1M	15x
Short	BloFin CL-USDT	92.100	0.0240	get 0.0120% / 4h	4m 30s	$4.1M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Coinbase International. 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 Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now +0.087%Rate

Funding earned: $50.4
Price spread: +0.087% → +0.092%: −$0.54
Slippage, 4 orders: −$6.54
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $21.32
Costs to cover: 0.285%
Break-even: 4.0 days

Slippage from Coinbase International: live order book, 3 min ago; BloFin: live order book, 3 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 Coinbase International live order book, 3 min ago	1.09 bp	9.1 bp −$9	10.8 bp −$108	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.54 bp	6.5 bp −$7	6.9 bp −$69	10.0 bp −$999	27.1 bp −$13.6K

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
Aster CLUSD1	−0.0106%	4h	92.130	+0.120%	$24.8M	$70.7M	20x	as long as short
Binance CLUSDT	−0.0099%	4h	92.140	+0.130%	$245.4M	$1.05B	100x	as long as short
Variational Omni CL	−0.0088%	4h	92.045	+0.027%	$13.5M	$16.6M	—	as long as short
Aftermath Perps WTIUSD	−0.0088%	1h	92.091	+0.077%	$2K	$33K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0084%	1h	92.080	+0.065%	$3.5M	$6.3M	20x	as long as short
Nado WTI-PERP	−0.0074%	1h	92.147	+0.138%	$850K	$756K	10x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0059%	1h	92.148	+0.139%	$266K	$1.3M	25x	as long as short
Lighter WTI	−0.0040%	1h	92.109	+0.097%	$11.1M	$12.5M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0038% / S +0.0036%	1h	91.859	−0.175%	$178K	—	150x	as long as short
tradeXYZ xyz:CL	−0.0033%	1h	92.155	+0.147%	$184.1M	$287.5M	20x	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	−0.0022%	1h	92.100	+0.087%	$2.4M	$2.9M	10x	as long as short
GRVT CL_USDT_Perp	−0.0020%	4h	92.064	+0.048%	$62K	$825K	25x	as long as short
dYdX WTI-USD	0.0000%	1h	92.109	+0.097%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.150	+0.141%	$25.0M	$95.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.120	+0.109%	$43.2M	$112.5M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.223	+0.221%	$3.2M	$2.6M	20x	as long as short
Gate CL_USDT	0.0000%	8h	92.100	+0.087%	$21.1M	$61.9M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	92.112	+0.100%	$42.6M	$63.7M	100x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.136	+0.126%	$19K	$247K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.130	+0.120%	$96K	$423K	15x	as long as short
Coinbase International WTIOIL-PERP-INTXlong	0.0000%	1h	92.020	long leg	$396K	$1.1M	15x
edgeX CLUSDC	+0.0001%	4h	92.051	+0.034%	$529K	$349K	30x	as long as short
Extended WTI-USD	+0.0016%	1h	92.150	+0.141%	$1.9M	$29.2M	10x	as long as short
Paradex CL-USD-PERP	+0.0017%	8h	92.096	+0.083%	$15K	$367	5x	as long as short
Phoenix WTIOIL	+0.0026%	1h	92.130	+0.120%	$33K	$99K	20x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	92.595	+0.625%	$18K	$14K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.110	+0.098%	$727K	$2.7M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.210	+0.206%	—	$243K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.139	+0.129%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.101	+0.088%	$2.0M	$45K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.119	+0.108%	$315K	$542K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.137	+0.127%	$7.4M	$1.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.040	+0.022%	$55K	$272K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.092	+0.079%	$4K	$49	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0204% / S −0.0127%	1h	92.135	+0.125%	$76K	—	111x	as long as short
BloFin CL-USDTshort	+0.0240%	4h	92.100	+0.087%	$4.1M	$1.5M	50x