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

CL

RWAall CL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.005%
Price spread now: Polymarket Perps against Extended+0.012%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$200.202% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.039%+$4 on $10k
Price spread, last 7 days−0.026%−$3 · spread now +0.012%, 7d avg +0.003%
Together, before fees+0.013%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended WTI-USD92.2400.0032pay 0.0004% / 1h48m 56s$2.0M$26.7M10x
ShortPolymarket Perps WTIOIL-USD92.2510.0050get 0.0006% / 1h48m 56s$1.6M$1.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Extended. 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
$3.78
Price spread: +0.012% → +0.003%
$0.85
Slippage, 4 orders
−$7.19
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$15.56
Costs to cover
0.202%
Break-even
35.8 days
Slippage from Extended: live order book, 5 min ago; Polymarket Perps: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 5 min ago0.27 bp3.9 bp −$47.6 bp −$7623.8 bp −$2,380doesn't fit
Sell Polymarket Perps live order book, 5 min ago1.79 bp5.9 bp −$68.4 bp −$8411.9 bp −$1,186doesn't fit

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
GRVT CL_USDT_Perp−0.0536%4h92.166−0.080%$58K$693K25xas long as short
Aster CLUSD1−0.0321%4h92.195−0.049%$23.9M$79.8M20xas long as short
Gate CL_USDT−0.0267%8h92.110−0.141%$21.3M$54.4M100xas long as short
Binance CLUSDT−0.0252%4h92.160−0.087%$245.1M$1.08B100xas long as short
Variational Omni CL−0.0236%4h92.101−0.151%$13.2M$12.7Mas long as short
Deribit WTIOIL_USDC-PERPETUAL−0.0184%1h92.220−0.022%$96K$189K15xas long as short
Bybit CLUSDT−0.0140%8h92.171−0.075%$26.0M$93.8M150xas long as short
Nado WTI-PERP−0.0122%1h92.252+0.013%$924K$732K10xas long as short
Kraken Futures PF_WTIOILUSD−0.0120%1h92.258+0.019%$273K$1.2M25xas long as short
Ondo Perps WTI-USD.P−0.0094%1h92.150−0.098%$3.5M$6.2M20xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:CL−0.0060%1h92.225−0.016%$186.3M$261.7M20xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0040%1h92.030−0.228%$399K$960K15xas long as short
QFEX CL-USD−0.0040%1h92.210−0.033%$2.4M$2.2M10xas long as short
Paradex CL-USD-PERP−0.0034%8h92.151−0.096%$15K$3675xas long as short
Lighter WTI−0.0032%1h92.208−0.035%$11.2M$9.9M20xas long as short
dYdX WTI-USD0.0000%1h92.235−0.005%$8K$3K5xas long as short
OKX CL-USDT-SWAP0.0000%4h92.160−0.087%$42.9M$111.3M50xas long as short
RISEx CL/USDC0.0000%1h92.311+0.077%$3.3M$2.7M20xas long as short
Bitget CLUSDT0.0000%4h92.180−0.065%$41.9M$51.4M100xas long as short
Phoenix WTIOIL0.0000%1h92.260+0.022%$37K$66K20xas long as short
Bullet WTIOIL-USD0.0000%1h92.223−0.018%$18K$241K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h91.784−0.494%$5K150xas long as short
Extended WTI-USDlong+0.0032%1h92.240long leg$2.0M$26.7M10x
edgeX CLUSDC+0.0036%4h92.162−0.085%$530K$306K30xas long as short
StandX CL-USD+0.0040%1h92.150−0.098%$721K$3.1M40xas long as short
Vest CL-PERP+0.0046%1h92.250+0.011%$310K10xas long as short
Polymarket Perps WTIOIL-USDshort+0.0050%1h92.251+0.012%$1.6M$1.4M20x
SoDEX CL-USD+0.0050%1h92.202−0.041%$2.0M$39K20xas long as short
Pacifica CL+0.0100%1h92.183−0.062%$353K$596K10xas long as short
KuCoin CLUSDTM+0.0100%4h92.212−0.030%$7.2M$2.3M50xas long as short
ApeX Omni CLUSDT+0.0100%1h92.120−0.130%$55K$265K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h92.199−0.044%$4K10xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0206% / S −0.0131%1h92.215−0.027%$78K111xas long as short
Injective WTI/USDC PERP+0.0220%1h101.38+9.911%$19K$11K30xas long as short
BloFin CL-USDT+0.0240%4h92.180−0.065%$4.0M$1.4M50xas long as short
Aftermath Perps WTIUSD+0.0416%1h92.185−0.059%$2K$29K5xas long as short