Settings8H · net · $10k
Funding arb · Price arb /

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0134%/8h= +14.7% APRnext payment +$0.17 per $10,000 · paid last 24h +0.073%
Price spread now: GMX against dYdX−0.047%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. GMX is 0.047% cheaper against dYdX than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 28 hours of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX WTI-USD93.0990get 0.0000% / 1h3m 29s$8K$3K5x
ShortGMX WTIOIL/USD [ETH-USDC]93.055L +0.0209% / S −0.0134%get 0.0017% / 1h3m 29s$79K111x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$28.19
Price spread: −0.047% → 0.000%
−$4.72
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$1.47
Costs to cover
0.220%
Break-even
6.6 days
Slippage unknown: dYdX: no order-book sample; GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy dYdX no order-book sample
Sell GMX no order-book sample
dYdX and GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0609%1h93.060−0.042%$199K$369K15xas long as short
Aster CLUSD1−0.0262%4h93.102+0.003%$24.0M$68.1M20xas long as short
GRVT CL_USDT_Perp−0.0246%4h92.964−0.145%$53K$635K25xas long as short
Binance CLUSDT−0.0207%4h93.060−0.042%$244.9M$953.3M100xas long as short
Variational Omni CL−0.0200%4h92.957−0.153%$13.5M$11.2Mas long as short
Ondo Perps WTI-USD.P−0.0166%1h93.040−0.063%$3.5M$5.6M20xas long as short
Nado WTI-PERP−0.0145%1h93.142+0.047%$963K$654K10xas long as short
OKX CL-USDT-SWAP−0.0082%4h93.050−0.053%$42.6M$102.9M50xas long as short
Extended WTI-USD−0.0080%1h93.130+0.033%$2.1M$22.0M10xas long as short
tradeXYZ xyz:CL−0.0075%1h93.059−0.043%$185.2M$217.3M20xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aftermath Perps WTIUSD−0.0069%1h93.009−0.097%$2K$27K5xas long as short
Gate CL_USDT−0.0061%8h93.010−0.096%$20.9M$53.3M100xas long as short
edgeX CLUSDC−0.0047%4h92.984−0.123%$529K$302K30xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0040%1h92.750−0.375%$402K$944K15xas long as short
QFEX CL-USD−0.0032%1h93.060−0.042%$2.5M$1.7M10xas long as short
Bitget CLUSDT−0.0030%4h93.059−0.043%$42.0M$43.6M100xas long as short
Lighter WTI0.0000%1h93.082−0.018%$11.2M$10.6M20xas long as short
dYdX WTI-USDlong0.0000%1h93.099long leg$8K$3K5x
Bybit CLUSDT0.0000%8h93.071−0.030%$26.7M$81.0M150xas long as short
Phoenix WTIOIL0.0000%1h93.010−0.096%$37K$42K20xas long as short
Bullet WTIOIL-USD0.0000%1h93.062−0.040%$18K$241K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h92.618−0.517%$5K150xas long as short
KuCoin CLUSDTM+0.0004%4h93.076−0.025%$7.1M$2.4M50xas long as short
Paradex CL-USD-PERP+0.0010%8h93.069−0.033%$16K$3675xas long as short
StandX CL-USD+0.0040%1h93.060−0.042%$734K$2.9M40xas long as short
Vest CL-PERP+0.0046%1h93.080−0.020%$310K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h93.072−0.029%$1.6M$1.2M20xas long as short
SoDEX CL-USD+0.0050%1h93.091−0.009%$2.1M$60K20xas long as short
RISEx CL/USDC+0.0066%1h93.165+0.071%$3.1M$2.9M20xas long as short
Pacifica CL+0.0100%1h93.089−0.011%$331K$619K10xas long as short
ApeX Omni CLUSDT+0.0100%1h92.980−0.128%$56K$265K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h93.060−0.042%$4K10xas long as short
Kraken Futures PF_WTIOILUSD+0.0105%1h93.117+0.019%$274K$871K25xas long as short
BloFin CL-USDT+0.0159%4h93.000−0.106%$4.1M$1.1M50xas long as short
GMX WTIOIL/USD [ETH-USDC]shortL +0.0209% / S −0.0134%1h93.055−0.047%$79K111x
Injective WTI/USDC PERP+0.0220%1h102.10+9.666%$19K$11K30xas long as short