Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h +0.001%

Price spread now: BloFin against GMX−0.005%7-day average — · you buy dearer than you sell

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

Long on GMX Short on BloFin

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX WTIOIL/USD [ETH-USDC]	93.205	L +0.0219% / S −0.0147%	pay 0.0027% / 1h	44m 40s	$81K	—	111x
Short	BloFin CL-USDT	93.200	0.0205	get 0.0103% / 4h	3h 44m	$4.0M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against GMX. 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 GMXbpFee BloFinbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$2.96
Price spread: −0.005% → 0.000%: −$0.54
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$27.49
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 4 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 GMX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 4 min ago	0.54 bp	6.5 bp −$7	6.6 bp −$66	11.5 bp −$1,151	26.9 bp −$13.4K

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	−0.0715%	1h	93.180	−0.027%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0262%	4h	93.234	+0.031%	$24.1M	$67.0M	20x	as long as short
GRVT CL_USDT_Perp	−0.0192%	4h	93.168	−0.040%	$54K	$658K	25x	as long as short
Binance CLUSDT	−0.0172%	4h	93.200	−0.005%	$245.4M	$942.4M	100x	as long as short
Variational Omni CL	−0.0160%	4h	93.169	−0.039%	$13.4M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0128%	1h	93.268	+0.068%	$964K	$645K	10x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.196	−0.010%	$42.0M	$43.3M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0118%	1h	93.110	−0.102%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0110%	1h	93.176	−0.031%	$2K	$27K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.217	+0.013%	$269K	$947K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0050%	8h	93.160	−0.048%	$21.0M	$50.9M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.190	−0.016%	$401K	$928K	15x	as long as short
OKX CL-USDT-SWAP	−0.0034%	4h	93.200	−0.005%	$42.6M	$102.9M	50x	as long as short
QFEX CL-USD	−0.0033%	1h	93.180	−0.027%	$2.3M	$1.8M	10x	as long as short
KuCoin CLUSDTM	−0.0012%	4h	93.228	+0.025%	$7.1M	$2.4M	50x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.230	+0.027%	$37K	$41K	20x	as long as short
edgeX CLUSDC	−0.0005%	4h	93.232	+0.029%	$524K	$308K	30x	as long as short
tradeXYZ xyz:CL	−0.0001%	1h	93.207	+0.002%	$184.6M	$219.0M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.272	+0.072%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.220	+0.016%	$26.9M	$80.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.264	+0.063%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.208	+0.003%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.779	−0.457%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	93.195	−0.010%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.201	−0.004%	$11.2M	$10.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.250	+0.048%	$2.0M	$19.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.150	−0.059%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.230	+0.027%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.221	+0.017%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.225	+0.021%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.204	−0.001%	$331K	$597K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.280	+0.080%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.183	−0.024%	$4K	—	10x	as long as short
BloFin CL-USDTshort	+0.0205%	4h	93.200	−0.005%	$4.0M	$1.0M	50x
GMX WTIOIL/USD [ETH-USDC]long	L +0.0219% / S −0.0147%	1h	93.205	long leg	$81K	—	111x
Injective WTI/USDC PERP	+0.0220%	1h	102.17	+9.614%	$19K	$11K	30x	as long as short