Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.012%

Price spread now: Pacifica against Variational Omni+0.056%7-day average +0.021% · you sell dearer than you buy

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.590%+$59 · spread now +0.056%, 7d avg +0.021%

Together, before fees+0.619%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board+$62 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 Pacifica is 0.035% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CL	91.944	0	get 0.0000% / 4h	1h 18m	$13.4M	$13.4M	—
Short	Pacifica CL	91.995	0.0100	get 0.0013% / 1h	18m 26s	$332K	$579K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Variational Omni. 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 Variational OmnibpFee PacificabpOrdersPrice spread, now +0.056%Rate

Funding earned: $21
Price spread: +0.056% → +0.021%: $3.55
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $16.55
Costs to cover: 0.080%
Break-even: 1.5 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Pacifica: live order book, 65 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 Variational Omni RFQ quote, 1 min ago	2.28 bp	doesn't fit	2.3 bp −$23	4.1 bp −$412	doesn't fit
Sell Pacifica live order book, 65 min ago	0.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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
Lighter WTI	−0.0304%	1h	91.966	+0.024%	$11.1M	$11.4M	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.000	+0.061%	$95K	$208K	15x	as long as short
Aftermath Perps WTIUSD	−0.0176%	1h	92.031	+0.095%	$2K	$30K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0170%	1h	91.960	+0.018%	$3.5M	$6.4M	20x	as long as short
Nado WTI-PERP	−0.0168%	1h	92.067	+0.135%	$923K	$748K	10x	as long as short
GRVT CL_USDT_Perp	−0.0164%	4h	91.950	+0.007%	$58K	$715K	25x	as long as short
tradeXYZ xyz:CL	−0.0144%	1h	92.016	+0.079%	$185.3M	$279.9M	20x	as long as short
Bullet WTIOIL-USD	−0.0125%	1h	91.997	+0.058%	$18K	$240K	10x	as long as short
Aster CLUSD1	−0.0108%	4h	92.022	+0.086%	$23.9M	$78.4M	20x	as long as short
Paradex CL-USD-PERP	−0.0106%	8h	91.977	+0.037%	$15K	$367	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CLUSDT	−0.0008%	4h	91.990	+0.051%	$245.5M	$1.12B	100x	as long as short
Polymarket Perps WTIOIL-USD	−0.0005%	1h	92.000	+0.061%	$1.6M	$1.4M	20x	as long as short
Gate CL_USDT	−0.0001%	8h	91.930	−0.015%	$21.3M	$59.3M	100x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.178%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.016	+0.079%	$25.5M	$97.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.970	+0.029%	$43.2M	$114.0M	50x	as long as short
QFEX CL-USD	0.0000%	1h	91.980	+0.040%	$2.4M	$2.6M	10x	as long as short
Bitget CLUSDT	0.0000%	4h	91.995	+0.056%	$42.1M	$53.7M	100x	as long as short
Variational Omni CLlong	0.0000%	4h	91.944	long leg	$13.4M	$13.4M	—
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.589	−0.386%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.040	+0.105%	$37K	$99K	20x	as long as short
Extended WTI-USD	+0.0016%	1h	92.060	+0.127%	$2.0M	$28.9M	10x	as long as short
StandX CL-USD	+0.0018%	1h	91.960	+0.018%	$723K	$3.0M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.100	+0.170%	—	$243K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.981	+0.041%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0062%	4h	91.969	+0.028%	$529K	$341K	30x	as long as short
Pacifica CLshort	+0.0100%	1h	91.995	+0.056%	$332K	$579K	10x
KuCoin CLUSDTM	+0.0100%	4h	92.004	+0.066%	$7.2M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	91.970	+0.029%	$55K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	91.973	+0.032%	$4K	—	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0112%	1h	92.020	+0.083%	$398K	$1.2M	15x	as long as short
Injective WTI/USDC PERP	+0.0172%	1h	100.99	+9.842%	$19K	$18K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.985	+0.045%	$76K	—	111x	as long as short
BloFin CL-USDT	+0.0240%	4h	91.970	+0.029%	$4.0M	$1.5M	50x	as long as short
Kraken Futures PF_WTIOILUSD	+0.0450%	1h	91.990	+0.050%	$273K	$1.2M	25x	as long as short
RISEx CL/USDC	+0.0977%	1h	92.112	+0.183%	$3.2M	$2.7M	20x	as long as short