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

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0033%/8h= −3.6% APRnext payment $0.04 per $10,000 · paid last 24h −0.025%
Price spread now: RISEx against Injective−11.069%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and RISEx is 11.069% cheaper against Injective than usual: you would sell low and buy high (−$1,107 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective WTI/USDC PERP102.130.0033pay 0.0004% / 1h55m 04s$19K$5K30x
ShortRISEx CL/USDC90.8290get 0.0000% / 1h55m 04s$2.9M$2.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx against Injective. 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
−$7
Price spread: −11.069% → 0.000%
−$1,106.92
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$1,119.94
Costs to cover
0.060%
Break-even
never at this rate
Slippage unknown: Injective: 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 Injective no order-book sample
Sell RISEx live order book, 4 min ago1.49 bp4.5 bp −$45.7 bp −$57doesn't fitdoesn't fit
Injective: 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
Kraken Futures PF_WTIOILUSD−0.0364%1h90.848−11.050%$267K$1.0M25xas long as short
ApeX Omni CLUSDT−0.0289%1h90.470−11.420%$53K$266K50xas long as short
Aster CLUSD1−0.0196%4h90.890−11.009%$24.5M$61.5M20xas long as short
Deribit WTIOIL_USDC-PERPETUAL−0.0190%1h90.840−11.058%$182K$416K15xas long as short
Binance CLUSDT−0.0117%4h90.870−11.029%$245.9M$1.04B100xas long as short
Bitget CLUSDT−0.0098%4h90.870−11.029%$40.9M$46.2M100xas long as short
Variational Omni CL−0.0091%4h90.607−11.286%$13.0M$11.0Mas long as short
Gate CL_USDT−0.0079%8h90.820−11.078%$23.0M$50.8M100xas long as short
Nado WTI-PERP−0.0067%1h90.711−11.184%$936K$614K10xas long as short
edgeX CLUSDC−0.0045%4h90.565−11.327%$518K$357K30xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX CL-USDT-SWAP−0.0041%4h90.860−11.038%$41.1M$112.2M50xas long as short
GRVT CL_USDT_Perp−0.0040%4h90.480−11.410%$70K$617K25xas long as short
Aftermath Perps WTIUSD−0.0034%1h90.617−11.276%$1K$27K5xas long as short
tradeXYZ xyz:CL−0.0028%1h90.848−11.050%$177.0M$208.1M20xas long as short
QFEX CL-USD−0.0023%1h90.700−11.195%$2.2M$2.9M10xas long as short
gTrade (Gains Network) WTI/USDL −0.0001% / S +0.0036%1h89.952−11.927%$1K150xas long as short
dYdX WTI-USD0.0000%1h90.680−11.215%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h90.890−11.009%$26.4M$92.0M150xas long as short
RISEx CL/USDCshort0.0000%1h90.829−11.069%$2.9M$2.9M20x
Bullet WTIOIL-USD0.0000%1h90.820−11.078%$18K$238K10xas long as short
Coinbase International WTIOIL-PERP-INTX+0.0008%1h90.590−11.303%$408K$1.0M15xas long as short
Phoenix WTIOIL+0.0009%1h90.620−11.273%$36K$37K20xas long as short
Paradex CL-USD-PERP+0.0017%8h90.669−11.225%$15K$3675xas long as short
Lighter WTI+0.0032%1h90.851−11.047%$11.0M$9.0M20xas long as short
Extended WTI-USD+0.0032%1h90.870−11.029%$1.6M$13.7M10xas long as short
Injective WTI/USDC PERPlong+0.0033%1h102.13long leg$19K$5K30x
StandX CL-USD+0.0040%1h90.530−11.362%$704K$2.8M40xas long as short
Vest CL-PERP+0.0046%1h90.690−11.205%$313K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h90.730−11.166%$1.6M$1.2M20xas long as short
SoDEX CL-USD+0.0050%1h90.866−11.033%$2.0M$81K20xas long as short
Ondo Perps WTI-USD.P+0.0050%1h90.640−11.254%$3.5M$5.2M20xas long as short
Pacifica CL+0.0100%1h90.696−11.199%$335K$573K10xas long as short
KuCoin CLUSDTM+0.0100%4h90.885−11.014%$6.9M$2.8M50xas long as short
Aevo WTIOIL-PERP+0.0104%1h90.864−11.034%$4K10xas long as short
BloFin CL-USDT+0.0199%4h90.800−11.097%$4.0M$1.0M50xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0255% / S −0.0185%1h90.825−11.073%$84K111xas long as short