Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0007%/8hnext payment +$0.01 per $10,000 · paid last 24h −0.041%

Price spread now: StandX against Injective−0.524%7-day average — · you buy dearer than you sell

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

Long on Injective Short on StandX

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropStandX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: StandX is 0.524% cheaper against Injective than usual: you would sell low and buy high, −$52 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective WTI/USDC PERP	92.595	0.0033	pay 0.0004% / 1h	4m 48s	$18K	$14K	30x
Short	StandX CL-USD	92.110	0.0040	get 0.0005% / 1h	4m 48s	$727K	$2.7M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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

Position, each leg$Hold fordaysFee InjectivebpFee StandXbpOrdersPrice spread, now −0.524%Rate

Funding earned: $1.4
Price spread: −0.524% → 0.000%: −$52.38
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee StandX: 4 bp × 2 orders: −$8
Net: −$59
Costs to cover: 0.080%
Break-even: 302.0 days

Slippage unknown: Injective: no order-book sample; StandX: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell StandX live order book, 3 min ago	4.89 bp	8.9 bp −$9	10.8 bp −$108	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CLUSD1	−0.0105%	4h	92.123	−0.509%	$24.8M	$70.7M	20x	as long as short
Binance CLUSDT	−0.0100%	4h	92.111	−0.523%	$245.7M	$1.05B	100x	as long as short
Variational Omni CL	−0.0088%	4h	92.045	−0.594%	$13.5M	$16.6M	—	as long as short
Aftermath Perps WTIUSD	−0.0088%	1h	92.079	−0.558%	$2K	$33K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0085%	1h	92.080	−0.556%	$3.5M	$6.3M	20x	as long as short
Nado WTI-PERP	−0.0074%	1h	92.147	−0.484%	$850K	$756K	10x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0059%	1h	92.148	−0.483%	$266K	$1.3M	25x	as long as short
Lighter WTI	−0.0040%	1h	92.109	−0.525%	$11.1M	$12.5M	20x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0038% / S +0.0036%	1h	91.834	−0.822%	$178K	—	150x	as long as short
tradeXYZ xyz:CL	−0.0033%	1h	92.123	−0.510%	$184.0M	$287.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0022%	1h	92.090	−0.545%	$2.4M	$2.9M	10x	as long as short
GRVT CL_USDT_Perp	−0.0020%	4h	92.064	−0.574%	$62K	$825K	25x	as long as short
dYdX WTI-USD	0.0000%	1h	92.109	−0.524%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.120	−0.513%	$25.0M	$95.6M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.110	−0.524%	$43.2M	$112.5M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.204	−0.422%	$3.2M	$2.6M	20x	as long as short
Gate CL_USDT	0.0000%	8h	92.060	−0.578%	$21.1M	$61.9M	100x	as long as short
Bitget CLUSDT	0.0000%	4h	92.107	−0.527%	$42.6M	$63.7M	100x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.095	−0.540%	$19K	$247K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.130	−0.502%	$96K	$423K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.020	−0.621%	$396K	$1.1M	15x	as long as short
edgeX CLUSDC	+0.0001%	4h	92.051	−0.587%	$529K	$349K	30x	as long as short
Extended WTI-USD	+0.0016%	1h	92.170	−0.459%	$1.9M	$29.2M	10x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	92.082	−0.554%	$15K	$367	5x	as long as short
Phoenix WTIOIL	+0.0026%	1h	92.130	−0.502%	$33K	$99K	20x	as long as short
Injective WTI/USDC PERPlong	+0.0033%	1h	92.595	long leg	$18K	$14K	30x
StandX CL-USDshort	+0.0040%	1h	92.110	−0.524%	$727K	$2.7M	40x
Vest CL-PERP	+0.0046%	1h	92.180	−0.448%	—	$243K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.112	−0.522%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.101	−0.534%	$2.0M	$45K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.106	−0.528%	$315K	$542K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.126	−0.507%	$7.4M	$1.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.040	−0.599%	$55K	$272K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.092	−0.543%	$4K	$49	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0204% / S −0.0127%	1h	92.105	−0.529%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.100	−0.535%	$4.1M	$1.5M	50x	as long as short