Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.017%

Price spread now: RISEx against OKX+0.080%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on OKX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.153%+$15 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.080%, 7d avg +0.038%

Together, before fees+0.115%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and RISEx is 0.042% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CL-USDT-SWAP	92.900	−0.0054	get 0.0027% / 4h	11m 34s	$42.4M	$102.7M	50x
Short	RISEx CL/USDC	92.974	0	get 0.0000% / 1h	11m 34s	$3.1M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.080%Rate

Funding earned: $11.35
Price spread: +0.080% → +0.038%: $4.19
Slippage, 4 orders: −$3.76
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$4.22
Costs to cover: 0.198%
Break-even: 9.6 days

Slippage from OKX: live order book, 2 min ago; RISEx: live order book, 2 min ago.

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, 2 min ago	0.54 bp	5.5 bp −$6	6.1 bp −$61	12.8 bp −$1,282	doesn't fit
Sell RISEx live order book, 2 min ago	0.75 bp	4.9 bp −$5	5.9 bp −$59	doesn't fit	doesn't fit

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	−0.0611%	1h	92.860	−0.043%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0269%	4h	92.910	+0.011%	$24.0M	$66.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0242%	4h	93.000	+0.108%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	92.905	+0.006%	$273K	$874K	25x	as long as short
Binance CLUSDT	−0.0187%	4h	92.910	+0.011%	$244.6M	$948.1M	100x	as long as short
Variational Omni CL	−0.0176%	4h	93.029	+0.139%	$13.5M	$10.9M	—	as long as short
Bitget CLUSDT	−0.0124%	4h	92.901	+0.001%	$42.0M	$43.7M	100x	as long as short
tradeXYZ xyz:CL	−0.0112%	1h	92.897	−0.003%	$187.8M	$217.6M	20x	as long as short
Aftermath Perps WTIUSD	−0.0104%	1h	92.973	+0.078%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0090%	1h	92.870	−0.032%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0076%	4h	93.007	+0.115%	$530K	$301K	30x	as long as short
OKX CL-USDT-SWAPlong	−0.0054%	4h	92.900	long leg	$42.4M	$102.7M	50x
Gate CL_USDT	−0.0048%	8h	92.840	−0.065%	$20.8M	$52.2M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.161%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	92.900	0.000%	$2.3M	$1.8M	10x	as long as short
Nado WTI-PERP	−0.0028%	1h	92.964	+0.069%	$963K	$649K	10x	as long as short
KuCoin CLUSDTM	−0.0026%	4h	92.903	+0.003%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	0.0000%	1h	92.902	+0.002%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	+0.039%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.894	−0.006%	$26.6M	$80.4M	150x	as long as short
RISEx CL/USDCshort	0.0000%	1h	92.974	+0.080%	$3.1M	$2.9M	20x
Phoenix WTIOIL	0.0000%	1h	92.950	+0.054%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.915	+0.017%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.468	−0.465%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0009%	8h	92.887	−0.014%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.950	+0.054%	$2.0M	$20.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.890	−0.011%	$734K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.920	+0.022%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.906	+0.006%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.903	+0.003%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	92.898	−0.002%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.030	+0.140%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.875	−0.027%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0187%	4h	92.940	+0.043%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0216% / S −0.0143%	1h	92.905	+0.005%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.25	+10.066%	$19K	$11K	30x	as long as short