Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.009%

Price spread now: Bybit against StandX−0.107%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on StandX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.355%−$36 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.107%, 7d avg +0.024%

Together, before fees−0.289%+ Points / potential airdropStandX: Active · farm board−$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.131% cheaper against StandX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX CL-USD	93.480	0.0040	pay 0.0005% / 1h	11m 26s	$741K	$2.8M	40x
Short	Bybit CLUSDT	93.380	0	get 0.0000% / 8h	1h 11m	$26.6M	$79.2M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.107%Rate

Funding earned: −$8.4
Price spread: −0.107% → +0.024%: −$13.06
Slippage, 4 orders: −$13.91
Fee StandX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$54.37
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from StandX: live order book, 2 min ago; Bybit: live order book, 3 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	6.42 bp	10.4 bp −$10	11.2 bp −$112	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.54 bp	6.0 bp −$6	7.3 bp −$73	17.0 bp −$1,703	104.1 bp −$52.1K

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	93.410	−0.075%	$196K	$386K	15x	as long as short
Aster CLUSD1	−0.0291%	4h	93.420	−0.064%	$24.5M	$65.8M	20x	as long as short
GRVT CL_USDT_Perp	−0.0286%	4h	93.398	−0.087%	$57K	$618K	25x	as long as short
Binance CLUSDT	−0.0158%	4h	93.366	−0.122%	$247.2M	$919.1M	100x	as long as short
Variational Omni CL	−0.0143%	4h	93.519	+0.041%	$13.3M	$10.7M	—	as long as short
Ondo Perps WTI-USD.P	−0.0138%	1h	93.380	−0.107%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0138%	1h	93.513	+0.035%	$2K	$26K	5x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0137%	1h	93.453	−0.029%	$276K	$967K	25x	as long as short
Gate CL_USDT	−0.0123%	8h	93.320	−0.171%	$22.6M	$50.4M	100x	as long as short
Bitget CLUSDT	−0.0122%	4h	93.378	−0.109%	$42.4M	$42.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0085%	4h	93.440	−0.043%	$525K	$304K	30x	as long as short
tradeXYZ xyz:CL	−0.0083%	1h	93.393	−0.093%	$184.6M	$205.3M	20x	as long as short
Nado WTI-PERP	−0.0063%	1h	93.451	−0.031%	$961K	$635K	10x	as long as short
OKX CL-USDT-SWAP	−0.0045%	4h	93.360	−0.128%	$42.7M	$101.9M	50x	as long as short
QFEX CL-USD	−0.0023%	1h	93.390	−0.096%	$2.3M	$2.4M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0008%	1h	93.540	+0.064%	$405K	$917K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	93.486	+0.006%	$8K	$3K	5x	as long as short
Bybit CLUSDTshort	0.0000%	8h	93.380	−0.107%	$26.6M	$79.2M	150x
RISEx CL/USDC	0.0000%	1h	93.427	−0.056%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.450	−0.032%	$37K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.390	−0.096%	$19K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.975	−0.540%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	93.390	−0.096%	$11.3M	$9.7M	20x	as long as short
Paradex CL-USD-PERP	+0.0010%	8h	93.380	−0.107%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.440	−0.043%	$2.0M	$15.1M	10x	as long as short
StandX CL-USDlong	+0.0040%	1h	93.480	long leg	$741K	$2.8M	40x
Vest CL-PERP	+0.0046%	1h	93.420	−0.064%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.390	−0.096%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.440	−0.043%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.400	−0.086%	$332K	$573K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.455	−0.027%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.410	−0.075%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.418	−0.067%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0200%	4h	93.490	+0.011%	$4.1M	$969K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.82	+9.990%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0248% / S −0.0183%	1h	93.435	−0.048%	$84K	—	111x	as long as short