Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0132%/8h= +14.4% APRpaid last 24h +0.034%

Price spread now: Aevo against OKX+0.001%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 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: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CL-USDT-SWAP	93.620	−0.0028	get 0.0014% / 4h	1h 53m	$42.7M	$101.9M	50x
Short	Aevo WTIOIL-PERP	93.621	0.0104	get 0.0013% / 1h	53m 34s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against OKX. 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 OKXbpFee AevobpOrdersPrice spread, now +0.001%Rate

Funding earned: $27.68
Price spread: +0.001% → 0.000%: $0.11
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: $1.79
Costs to cover: 0.260%
Break-even: 6.5 days

Slippage unknown: OKX: live order book, 5 min ago; Aevo: no order-book sample. 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 OKX live order book, 5 min ago	0.54 bp	6.3 bp −$6	7.3 bp −$73	13.8 bp −$1,385	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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	−0.0390%	1h	93.620	0.000%	$197K	$380K	15x	as long as short
Aster CLUSD1	−0.0271%	4h	93.645	+0.026%	$24.5M	$64.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0264%	4h	93.559	−0.065%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0157%	4h	93.624	+0.004%	$246.6M	$928.6M	100x	as long as short
Variational Omni CL	−0.0153%	4h	93.499	−0.130%	$13.4M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0147%	1h	93.531	−0.095%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.665	+0.048%	$286K	$953K	25x	as long as short
Bitget CLUSDT	−0.0112%	4h	93.593	−0.029%	$42.2M	$42.7M	100x	as long as short
Gate CL_USDT	−0.0090%	8h	93.550	−0.075%	$22.2M	$48.2M	100x	as long as short
edgeX CLUSDC	−0.0069%	4h	93.509	−0.119%	$526K	$305K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0036%	1h	93.580	−0.043%	$3.5M	$5.4M	20x	as long as short
Nado WTI-PERP	−0.0028%	1h	93.690	+0.075%	$970K	$628K	10x	as long as short
OKX CL-USDT-SWAPlong	−0.0028%	4h	93.620	long leg	$42.7M	$101.9M	50x
tradeXYZ xyz:CL	−0.0025%	1h	93.614	−0.006%	$185.1M	$210.6M	20x	as long as short
QFEX CL-USD	−0.0023%	1h	93.600	−0.021%	$2.3M	$2.5M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.128%	$404K	$931K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.620	0.000%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.640	+0.021%	$27.2M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.661	+0.044%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.570	−0.053%	$38K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.649	+0.031%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.187	−0.463%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0026%	8h	93.597	−0.024%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.617	−0.003%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.650	+0.032%	$2.0M	$16.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.470	−0.160%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.610	−0.011%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.645	+0.027%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.654	+0.036%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.628	+0.009%	$333K	$577K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.662	+0.045%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.560	−0.064%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERPshort	+0.0104%	1h	93.621	+0.001%	$4K	—	10x
BloFin CL-USDT	+0.0209%	4h	93.560	−0.064%	$4.0M	$980K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.746%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0243% / S −0.0177%	1h	93.645	+0.027%	$84K	—	111x	as long as short