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+0.0238%/8h= +26.1% APRnext payment +$0.30 per $10,000 · paid last 24h +0.033%
Price spread now: ApeX Omni against Ondo Perps+0.129%52s7-day average +0.046% · 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 7 days+0.126%+$13 on $10k
Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.129%, 7d avg +0.046%
Together, before fees+0.070%+ Points / potential airdropOndo Perps: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and ApeX Omni is 0.084% dearer against Ondo Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.046%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.126% in total (about 6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps WTI-USD.P92.820−0.0138get 0.0017% / 1h48m 33s$3.5M$5.7M20x
ShortApeX Omni CLUSDT92.9400.0100get 0.0013% / 1h48m 33s$56K$266K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Ondo Perps. 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
$50.06
Price spread: +0.129% → +0.046%
$8.36
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$43.43
Costs to cover
0.150%
Break-even
0.9 days
Slippage unknown: Ondo Perps: no order-book sample; ApeX Omni: live order book, 13 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 Ondo Perps no order-book sample
Sell ApeX Omni live order book, 13 min ago8.62 bp20.2 bp −$20210.6 bp −$2,106doesn't fitdoesn't fit
Ondo Perps: 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−0.0718%1h92.840+0.022%$198K$369K15xas long as short
Aster CLUSD1−0.0238%4h92.904+0.090%$24.0M$70.3M20xas long as short
GRVT CL_USDT_Perp−0.0208%4h92.953+0.143%$61K$633K25xas long as short
Binance CLUSDT−0.0206%4h92.880+0.065%$244.6M$957.3M100xas long as short
Variational Omni CL−0.0200%4h92.927+0.115%$13.5M$11.1Mas long as short
Ondo Perps WTI-USD.Plong−0.0138%1h92.820long leg$3.5M$5.7M20x
Nado WTI-PERP−0.0125%1h92.945+0.134%$962K$668K10xas long as short
Gate CL_USDT−0.0099%8h92.830+0.011%$20.9M$52.2M100xas long as short
tradeXYZ xyz:CL−0.0050%1h92.890+0.075%$184.8M$218.5M20xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0040%1h92.750−0.075%$402K$944K15xas long as short
Show all 35 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX CL-USD−0.0032%1h92.860+0.043%$2.5M$1.7M10xas long as short
Aftermath Perps WTIUSD−0.0018%1h92.914+0.101%$2K$28K5xas long as short
OKX CL-USDT-SWAP−0.0012%4h92.870+0.054%$42.8M$102.4M50xas long as short
edgeX CLUSDC−0.0008%4h92.823+0.003%$529K$302K30xas long as short
dYdX WTI-USD0.0000%1h92.917+0.104%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h92.899+0.085%$26.9M$81.0M150xas long as short
Bitget CLUSDT0.0000%4h92.876+0.060%$41.9M$43.4M100xas long as short
Phoenix WTIOIL0.0000%1h92.880+0.065%$37K$42K20xas long as short
Bullet WTIOIL-USD0.0000%1h92.888+0.073%$18K$241K10xas long as short
gTrade (Gains Network) WTI/USDL 0.0000% / S +0.0036%1h92.446−0.403%$5K150xas long as short
Lighter WTI+0.0016%1h92.894+0.080%$11.2M$10.3M20xas long as short
Extended WTI-USD+0.0032%1h92.930+0.119%$2.1M$23.3M10xas long as short
Paradex CL-USD-PERP+0.0034%8h92.865+0.049%$16K$3675xas long as short
StandX CL-USD+0.0040%1h92.440−0.409%$727K$2.9M40xas long as short
Vest CL-PERP+0.0046%1h92.910+0.097%$310K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h92.897+0.083%$1.6M$1.3M20xas long as short
SoDEX CL-USD+0.0050%1h92.875+0.059%$2.1M$61K20xas long as short
RISEx CL/USDC+0.0066%1h92.999+0.192%$3.3M$2.7M20xas long as short
KuCoin CLUSDTM+0.0072%4h92.895+0.081%$7.3M$2.3M50xas long as short
Pacifica CL+0.0100%1h92.887+0.072%$332K$618K10xas long as short
ApeX Omni CLUSDTshort+0.0100%1h92.940+0.129%$56K$266K50x
Aevo WTIOIL-PERP+0.0104%1h92.851+0.033%$4K10xas long as short
Kraken Futures PF_WTIOILUSD+0.0105%1h92.879+0.063%$273K$881K25xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0207% / S −0.0131%1h92.875+0.059%$78K111xas long as short
Injective WTI/USDC PERP+0.0220%1h102.15+10.048%$19K$11K30xas long as short