Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0195%/8h= −21.4% APRpaid last 24h −0.044%

Price spread now: Binance against RISEx−0.053%7-day average −0.029% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.149%−$15 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.053%, 7d avg −0.029%

Together, before fees−0.118%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.024% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx CL/USDC	93.419	0	get 0.0000% / 1h	44m 36s	$3.1M	$2.9M	20x
Short	Binance CLUSDT	93.369	−0.0195	pay 0.0098% / 4h	2h 44m	$246.7M	$934.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now −0.053%Rate

Funding earned: −$41.01
Price spread: −0.053% → −0.029%: −$2.37
Slippage, 4 orders: −$4.13
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$63.51
Costs to cover: 0.201%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Binance: live order book, 14 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 RISEx live order book, 4 min ago	0.80 bp	3.8 bp −$4	4.3 bp −$43	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	8.5 bp −$847	22.8 bp −$11.4K

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	−0.0606%	1h	93.330	−0.095%	$197K	$372K	15x	as long as short
GRVT CL_USDT_Perp	−0.0344%	4h	93.337	−0.087%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0301%	4h	93.392	−0.028%	$24.4M	$66.4M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.369	−0.053%	$283K	$961K	25x	as long as short
Binance CLUSDTshort	−0.0195%	4h	93.369	−0.053%	$246.7M	$934.5M	100x
Variational Omni CL	−0.0184%	4h	93.329	−0.096%	$13.3M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0142%	1h	93.325	−0.100%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0137%	1h	93.310	−0.116%	$3.5M	$5.4M	20x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.358	−0.065%	$42.1M	$43.0M	100x	as long as short
Nado WTI-PERP	−0.0127%	1h	93.405	−0.015%	$967K	$619K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0071%	8h	93.310	−0.116%	$21.6M	$49.3M	100x	as long as short
tradeXYZ xyz:CL	−0.0070%	1h	93.345	−0.079%	$184.5M	$215.5M	20x	as long as short
OKX CL-USDT-SWAP	−0.0066%	4h	93.360	−0.063%	$42.6M	$102.6M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.277%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.350	−0.073%	$2.3M	$2.2M	10x	as long as short
Paradex CL-USD-PERP	−0.0008%	8h	93.340	−0.085%	$16K	$367	5x	as long as short
edgeX CLUSDC	−0.0005%	4h	93.349	−0.074%	$525K	$307K	30x	as long as short
Lighter WTI	0.0000%	1h	93.351	−0.072%	$11.2M	$9.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	−0.095%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.378	−0.043%	$27.1M	$79.8M	150x	as long as short
RISEx CL/USDClong	0.0000%	1h	93.419	long leg	$3.1M	$2.9M	20x
Phoenix WTIOIL	0.0000%	1h	93.390	−0.031%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.359	−0.064%	$18K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.916	−0.538%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	93.400	−0.020%	$2.0M	$17.8M	10x	as long as short
KuCoin CLUSDTM	+0.0040%	4h	93.385	−0.036%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.340	−0.084%	$739K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.370	−0.052%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.353	−0.070%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.357	−0.066%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.360	−0.063%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.360	−0.063%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.324	−0.101%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0174%	4h	93.340	−0.084%	$4.0M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+9.798%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0233% / S −0.0165%	1h	93.355	−0.068%	$84K	—	111x	as long as short