Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.007%

Price spread now: Bitget against Pacifica−0.028%7-day average +0.017% · you buy dearer than you sell

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

Long on Pacifica Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.140%−$14 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.028%, 7d avg +0.017%

Together, before fees−0.150%+ Points / potential airdropPacifica: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.045% cheaper against Pacifica than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica CL	91.882	0.0100	pay 0.0013% / 1h	10m 26s	$334K	$575K	10x
Short	Bitget CLUSDT	91.856	0	get 0.0000% / 4h	2h 10m	$42.1M	$67.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Pacifica. 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 PacificabpFee BitgetbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$21
Price spread: −0.028% → +0.017%: −$4.54
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$45.54
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 13 min ago; Bitget: live order book, 9 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 Pacifica live order book, 13 min ago	0.05 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 9 min ago	0.44 bp	8.1 bp −$8	11.8 bp −$118	doesn't fit	doesn't fit

CL on 35 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
QFEX CL-USD	−0.0019%	1h	91.880	−0.002%	$2.4M	$2.8M	10x	as long as short
Aster CLUSD1	0.0000%	4h	91.957	+0.082%	$24.5M	$77.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	91.854	−0.031%	$8K	$3K	5x	as long as short
Binance CLUSDT	0.0000%	4h	91.873	−0.010%	$246.1M	$1.14B	100x	as long as short
Bybit CLUSDT	0.0000%	8h	91.868	−0.015%	$25.1M	$100.0M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.860	−0.024%	$42.9M	$116.5M	50x	as long as short
Gate CL_USDT	0.0000%	8h	91.810	−0.078%	$21.2M	$63.4M	100x	as long as short
Bitget CLUSDTshort	0.0000%	4h	91.856	−0.028%	$42.1M	$67.5M	100x
Variational Omni CL	0.0000%	4h	91.913	+0.033%	$13.6M	$16.1M	—	as long as short
GRVT CL_USDT_Perp	0.0000%	4h	91.879	−0.003%	$58K	$774K	25x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bullet WTIOIL-USD	0.0000%	1h	91.869	−0.014%	$17K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	91.940	+0.063%	$95K	$260K	15x	as long as short
Aftermath Perps WTIUSD	+0.0002%	1h	91.900	+0.020%	$2K	$31K	5x	as long as short
edgeX CLUSDC	+0.0004%	4h	91.930	+0.052%	$529K	$343K	30x	as long as short
Phoenix WTIOIL	+0.0009%	1h	91.990	+0.118%	$33K	$99K	20x	as long as short
Paradex CL-USD-PERP	+0.0024%	8h	91.887	+0.006%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	91.850	−0.035%	$11.0M	$12.3M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	91.970	+0.096%	$2.0M	$29.6M	10x	as long as short
Injective WTI/USDC PERP	+0.0033%	1h	91.880	−0.002%	$17K	$18K	30x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0040%	1h	91.937	+0.059%	$257K	$1.3M	25x	as long as short
StandX CL-USD	+0.0040%	1h	91.920	+0.041%	$725K	$3.1M	40x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0040%	1h	92.080	+0.215%	$393K	$1.3M	15x	as long as short
Vest CL-PERP	+0.0046%	1h	92.020	+0.150%	—	$243K	10x	as long as short
tradeXYZ xyz:CL	+0.0050%	1h	91.880	−0.002%	$182.5M	$296.6M	20x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	91.882	0.000%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.890	+0.009%	$2.0M	$39K	20x	as long as short
Ondo Perps WTI-USD.P	+0.0050%	1h	91.860	−0.024%	$3.5M	$6.5M	20x	as long as short
Pacifica CLlong	+0.0100%	1h	91.882	long leg	$334K	$575K	10x
KuCoin CLUSDTM	+0.0100%	4h	91.881	−0.001%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.930	+0.052%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.863	−0.021%	$4K	—	10x	as long as short
Nado WTI-PERP	+0.0190%	1h	91.863	−0.020%	$880K	$788K	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0212% / S −0.0127%	1h	91.865	−0.019%	$76K	—	29x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.880	−0.002%	$4.0M	$1.5M	50x	as long as short
RISEx CL/USDC	+0.0266%	1h	92.000	+0.129%	$3.2M	$2.7M	20x	as long as short