Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0172%/8h= +18.9% APRpaid last 24h +0.060%

Price spread now: BloFin against StandX−0.085%104s7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.472% of the position

Long on StandX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.211%+$21 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.085%, 7d avg +0.021%

Together, before fees+0.218%+ Points / potential airdropStandX: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.106% cheaper against StandX than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of +0.021%). If the spread goes back, that is −$11 on $10k: about 2.1 days of funding at the current rate (+$5 a day). The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX CL-USD	93.680	0.0040	pay 0.0005% / 1h	51m 31s	$742K	$2.8M	40x
Short	BloFin CL-USDT	93.600	0.0212	get 0.0106% / 4h	1h 51m	$4.0M	$980K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against StandX. 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 StandXbpFee BloFinbpOrdersPrice spread, now −0.085%Rate

Funding earned: $36.16
Price spread: −0.085% → +0.021%: −$10.6
Slippage, 4 orders: −$27.15
Fee StandX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$21.59
Costs to cover: 0.472%
Break-even: 11.2 days

Slippage from StandX: live order book, 2 min ago; BloFin: 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 StandX live order book, 2 min ago	1.61 bp	27.4 bp −$27	29.2 bp −$292	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	0.53 bp	6.5 bp −$7	6.5 bp −$65	9.2 bp −$924	28.8 bp −$14.4K

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	−0.0284%	1h	93.610	−0.075%	$197K	$380K	15x	as long as short
Aster CLUSD1	−0.0267%	4h	93.670	−0.011%	$24.5M	$64.8M	20x	as long as short
GRVT CL_USDT_Perp	−0.0252%	4h	93.616	−0.069%	$58K	$629K	25x	as long as short
Binance CLUSDT	−0.0154%	4h	93.640	−0.043%	$246.7M	$928.0M	100x	as long as short
Variational Omni CL	−0.0153%	4h	93.499	−0.194%	$13.4M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0149%	1h	93.573	−0.115%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.640	−0.042%	$286K	$953K	25x	as long as short
Bitget CLUSDT	−0.0108%	4h	93.616	−0.068%	$42.2M	$42.6M	100x	as long as short
Gate CL_USDT	−0.0091%	8h	93.570	−0.117%	$22.2M	$48.3M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0044%	1h	93.630	−0.053%	$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
tradeXYZ xyz:CL	−0.0030%	1h	93.644	−0.038%	$185.2M	$210.6M	20x	as long as short
Nado WTI-PERP	−0.0029%	1h	93.678	−0.002%	$969K	$628K	10x	as long as short
QFEX CL-USD	−0.0023%	1h	93.620	−0.064%	$2.3M	$2.5M	10x	as long as short
OKX CL-USDT-SWAP	−0.0022%	4h	93.640	−0.043%	$42.7M	$101.9M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.500	−0.192%	$404K	$931K	15x	as long as short
edgeX CLUSDC	−0.0001%	4h	93.623	−0.061%	$526K	$305K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.620	−0.064%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.670	−0.011%	$27.2M	$79.4M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.685	+0.005%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.660	−0.021%	$38K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.641	−0.042%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	93.168	−0.547%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0027%	8h	93.633	−0.050%	$16K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	93.648	−0.034%	$11.3M	$9.6M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.670	−0.011%	$2.0M	$16.2M	10x	as long as short
StandX CL-USDlong	+0.0040%	1h	93.680	long leg	$742K	$2.8M	40x
Vest CL-PERP	+0.0046%	1h	93.630	−0.053%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.625	−0.059%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.638	−0.045%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.650	−0.032%	$333K	$577K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.662	−0.019%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.690	+0.011%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.607	−0.078%	$4K	—	10x	as long as short
BloFin CL-USDTshort	+0.0212%	4h	93.600	−0.085%	$4.0M	$980K	50x
Injective WTI/USDC PERP	+0.0220%	1h	102.74	+9.675%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0244% / S −0.0177%	1h	93.645	−0.037%	$84K	—	111x	as long as short