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+0.0111%/8h= +12.2% APRnext payment +$0.14 per $10,000 · paid last 24h +0.018%
Price spread now: StandX against Ondo Perps+0.320%7-day average +0.024% · 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−0.025%−$2 on $10k
Price spread, last 7 days−0.780%−$78 · spread now +0.320%, 7d avg +0.024%
Together, before fees−0.805%+ Points / potential airdropOndo Perps: Active · StandX: Active · farm board−$80 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and StandX is 0.295% dearer against Ondo Perps than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps WTI-USD.P90.680−0.0071get 0.0009% / 1h15m 43s$3.5M$5.7M20x
ShortStandX CL-USD90.9700.0040get 0.0005% / 1h15m 43s$708K$2.8M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

StandX 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
$23.35
Price spread: +0.320% → +0.024%
$29.54
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee StandX: 4 bp × 2 orders
−$8
Net
$39.89
Costs to cover
0.130%
Break-even
from the start
Slippage unknown: Ondo Perps: no order-book sample; StandX: live order book, 1 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 StandX live order book, 1 min ago5.51 bp9.5 bp −$1010.8 bp −$108doesn'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 36 exchanges

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−0.0411%1h90.660−0.022%$181K$424K15xas long as short
Kraken Futures PF_WTIOILUSD−0.0365%1h90.673−0.008%$306K$1.3M25xas long as short
Aster CLUSD1−0.0166%4h90.740+0.066%$24.6M$66.0M20xas long as short
Bitget CLUSDT−0.0112%4h90.681+0.001%$41.2M$48.9M100xas long as short
Binance CLUSDT−0.0111%4h90.699+0.021%$245.8M$1.09B100xas long as short
Variational Omni CL−0.0084%4h90.686+0.006%$12.9M$11.0Mas long as short
Nado WTI-PERP−0.0080%1h90.724+0.049%$913K$652K10xas long as short
Extended WTI-USD−0.0080%1h90.700+0.022%$1.4M$13.7M10xas long as short
Gate CL_USDT−0.0072%8h90.610−0.077%$23.0M$53.7M100xas long as short
Ondo Perps WTI-USD.Plong−0.0071%1h90.680long leg$3.5M$5.7M20x
Show all 36 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:CL−0.0059%1h90.679−0.001%$175.9M$209.6M20xas long as short
GRVT CL_USDT_Perp−0.0040%4h90.943+0.290%$70K$616K25xas long as short
Aftermath Perps WTIUSD−0.0032%1h90.944+0.291%$2K$27K5xas long as short
OKX CL-USDT-SWAP−0.0025%4h90.6800.000%$40.9M$117.9M50xas long as short
QFEX CL-USD−0.0023%1h90.690+0.011%$2.2M$2.8M10xas long as short
edgeX CLUSDC−0.0004%4h90.918+0.262%$508K$379K30xas long as short
gTrade (Gains Network) WTI/USDL −0.0001% / S +0.0036%1h90.302−0.417%$1K150xas long as short
dYdX WTI-USD0.0000%1h90.696+0.017%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h90.720+0.044%$26.8M$95.9M150xas long as short
RISEx CL/USDC0.0000%1h90.750+0.077%$2.9M$3.0M20xas long as short
Bullet WTIOIL-USD0.0000%1h90.691+0.012%$17K$237K10xas long as short
Coinbase International WTIOIL-PERP-INTX+0.0008%1h90.660−0.022%$420K$1.1M15xas long as short
Paradex CL-USD-PERP+0.0015%8h90.684+0.004%$15K$3675xas long as short
Lighter WTI+0.0024%1h90.673−0.008%$11.0M$9.5M20xas long as short
Injective WTI/USDC PERP+0.0033%1h100.27+10.573%$19K$5K30xas long as short
StandX CL-USDshort+0.0040%1h90.970+0.320%$708K$2.8M40x
Vest CL-PERP+0.0046%1h90.730+0.055%$313K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h90.666−0.015%$1.6M$1.3M20xas long as short
SoDEX CL-USD+0.0050%1h90.693+0.014%$2.0M$81K20xas long as short
Phoenix WTIOIL+0.0053%1h90.890+0.232%$36K$37K20xas long as short
Pacifica CL+0.0100%1h90.714+0.037%$313K$709K10xas long as short
KuCoin CLUSDTM+0.0100%4h90.695+0.017%$6.8M$2.8M50xas long as short
ApeX Omni CLUSDT+0.0100%1h90.960+0.309%$53K$266K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h90.665−0.016%$4K10xas long as short
BloFin CL-USDT+0.0215%4h90.860+0.199%$3.9M$1.0M50xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0250% / S −0.0172%1h90.675−0.006%$81K111xas long as short