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−0.0141%/8h= −15.4% APRnext payment $0.18 per $10,000 · paid last 24h −0.058%
Price spread now: RISEx against GMX+0.179%7-day average · you sell dearer than you buy
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
The price spread pays, funding is against you. RISEx is 0.179% dearer against GMX than usual: you sell high and buy low (spread +0.179% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.2 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX WTIOIL/USD [ETH-USDC]92.905L +0.0207% / S −0.0131%pay 0.0026% / 1h50m 02s$78K111x
ShortRISEx CL/USDC93.0710.0066get 0.0008% / 1h50m 02s$3.3M$2.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
−$29.61
Price spread: +0.179% → 0.000%
$17.9
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$29.71
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; RISEx: 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell RISEx live order book, 4 min ago0.48 bp3.5 bp −$34.7 bp −$47doesn't fitdoesn't fit
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 35 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−0.0611%1h92.870−0.038%$198K$369K15xas long as short
Aster CLUSD1−0.0237%4h92.925+0.022%$24.0M$70.4M20xas long as short
GRVT CL_USDT_Perp−0.0208%4h92.849−0.060%$61K$633K25xas long as short
Binance CLUSDT−0.0205%4h92.916+0.011%$244.7M$959.1M100xas long as short
Variational Omni CL−0.0200%4h92.927+0.024%$13.5M$11.1Mas long as short
Nado WTI-PERP−0.0120%1h92.995+0.097%$963K$668K10xas long as short
Ondo Perps WTI-USD.P−0.0098%1h92.910+0.005%$3.5M$5.7M20xas long as short
Gate CL_USDT−0.0092%8h92.860−0.048%$20.9M$52.2M100xas long as short
tradeXYZ xyz:CL−0.0045%1h92.912+0.008%$184.8M$218.5M20xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0040%1h92.750−0.167%$402K$944K15xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX CL-USD−0.0032%1h92.920+0.016%$2.5M$1.7M10xas long as short
Aftermath Perps WTIUSD−0.0017%1h92.922+0.018%$2K$28K5xas long as short
OKX CL-USDT-SWAP−0.0008%4h92.910+0.005%$42.8M$102.5M50xas long as short
edgeX CLUSDC−0.0008%4h92.823−0.089%$529K$302K30xas long as short
dYdX WTI-USD0.0000%1h92.998+0.101%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h92.940+0.038%$26.9M$81.1M150xas long as short
Bitget CLUSDT0.0000%4h92.908+0.003%$41.9M$43.4M100xas long as short
Phoenix WTIOIL0.0000%1h92.880−0.027%$37K$42K20xas long as short
Bullet WTIOIL-USD0.0000%1h92.925+0.022%$18K$241K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h92.471−0.467%$5K150xas long as short
Lighter WTI+0.0016%1h92.923+0.019%$11.2M$10.3M20xas long as short
Extended WTI-USD+0.0032%1h92.950+0.048%$2.1M$23.4M10xas long as short
Paradex CL-USD-PERP+0.0036%8h92.929+0.025%$16K$3675xas long as short
StandX CL-USD+0.0040%1h92.470−0.468%$727K$2.9M40xas long as short
Vest CL-PERP+0.0046%1h92.940+0.038%$310K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h92.944+0.042%$1.6M$1.3M20xas long as short
SoDEX CL-USD+0.0050%1h92.913+0.009%$2.1M$61K20xas long as short
RISEx CL/USDCshort+0.0066%1h93.071+0.179%$3.3M$2.7M20x
KuCoin CLUSDTM+0.0078%4h92.945+0.043%$7.3M$2.3M50xas long as short
Pacifica CL+0.0100%1h92.947+0.046%$332K$618K10xas long as short
ApeX Omni CLUSDT+0.0100%1h92.940+0.038%$56K$266K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h92.890−0.016%$4K10xas long as short
Kraken Futures PF_WTIOILUSD+0.0105%1h92.917+0.013%$273K$882K25xas long as short
GMX WTIOIL/USD [ETH-USDC]longL +0.0207% / S −0.0131%1h92.905long leg$78K111x
Injective WTI/USDC PERP+0.0220%1h102.15+9.948%$19K$11K30xas long as short