Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0253%/8h= −27.7% APRpaid last 24h −0.018%

Price spread now: Binance against dYdX−0.027%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Binance

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

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.027% cheaper against dYdX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WTI-USD	92.235	0	get 0.0000% / 1h	48m 25s	$8K	$3K	5x
Short	Binance CLUSDT	92.210	−0.0253	pay 0.0126% / 4h	3h 48m	$245.2M	$1.08B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now −0.027%Rate

Funding earned: −$53.04
Price spread: −0.027% → 0.000%: −$2.72
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$75.76
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Binance: live order book, 11 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Binance live order book, 11 min ago	0.54 bp	5.5 bp −$6	6.2 bp −$62	9.8 bp −$982	25.8 bp −$12.9K

dYdX: 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
GRVT CL_USDT_Perp	−0.0536%	4h	92.166	−0.075%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0323%	4h	92.230	−0.006%	$23.9M	$79.9M	20x	as long as short
Gate CL_USDT	−0.0279%	8h	92.150	−0.092%	$21.3M	$54.4M	100x	as long as short
Binance CLUSDTshort	−0.0253%	4h	92.210	−0.027%	$245.2M	$1.08B	100x
Variational Omni CL	−0.0236%	4h	92.101	−0.146%	$13.2M	$12.7M	—	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0184%	1h	92.230	−0.006%	$96K	$189K	15x	as long as short
Bybit CLUSDT	−0.0125%	8h	92.220	−0.016%	$26.0M	$93.7M	150x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.230	−0.005%	$273K	$1.2M	25x	as long as short
Nado WTI-PERP	−0.0116%	1h	92.230	−0.006%	$923K	$732K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0102%	1h	92.160	−0.081%	$3.5M	$6.2M	20x	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	−0.0060%	1h	92.230	−0.006%	$186.3M	$261.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.222%	$399K	$960K	15x	as long as short
QFEX CL-USD	−0.0040%	1h	92.160	−0.081%	$2.4M	$2.2M	10x	as long as short
Paradex CL-USD-PERP	−0.0034%	8h	92.155	−0.086%	$15K	$367	5x	as long as short
Lighter WTI	−0.0032%	1h	92.161	−0.080%	$11.1M	$10.0M	20x	as long as short
dYdX WTI-USDlong	0.0000%	1h	92.235	long leg	$8K	$3K	5x
OKX CL-USDT-SWAP	0.0000%	4h	92.190	−0.049%	$42.9M	$111.2M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.290	+0.059%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.220	−0.016%	$41.9M	$51.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.260	+0.027%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.201	−0.037%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.792	−0.480%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.270	+0.038%	$2.0M	$26.7M	10x	as long as short
edgeX CLUSDC	+0.0036%	4h	92.162	−0.079%	$530K	$306K	30x	as long as short
StandX CL-USD	+0.0040%	1h	92.150	−0.092%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.220	−0.016%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.181	−0.059%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.211	−0.026%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.167	−0.074%	$353K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.196	−0.042%	$7.2M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.120	−0.125%	$55K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.195	−0.043%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.215	−0.022%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.38	+9.917%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.180	−0.060%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0409%	1h	92.194	−0.045%	$2K	$29K	5x	as long as short