Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0276%/8h= +30.2% APRpaid last 24h +0.023%

Price spread now: StandX against Variational Omni+0.032%7-day average −0.011% · you sell dearer than you buy

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

Long on Variational Omni Short on StandX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.011%+$1 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.032%, 7d avg −0.011%

Together, before fees−0.018%+ Points / potential airdropVariational Omni: Active · StandX: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and StandX is 0.043% 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 −0.011%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.011% in total (about 1.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CL	92.101	−0.0236	get 0.0118% / 4h	3h 50m	$13.2M	$12.7M	—
Short	StandX CL-USD	92.130	0.0040	get 0.0005% / 1h	50m 35s	$721K	$3.1M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX 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 StandXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $57.9
Price spread: +0.032% → −0.011%: $4.32
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee StandX: 4 bp × 2 orders: −$8
Net: $54.22
Costs to cover: 0.080%
Break-even: 0.4 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; StandX: live order book, 3 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, 4 min ago	2.27 bp	doesn't fit	2.3 bp −$23	7.8 bp −$779	doesn't fit
Sell StandX live order book, 3 min ago	6.51 bp	10.5 bp −$11	11.0 bp −$110	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
GRVT CL_USDT_Perp	−0.0536%	4h	92.166	+0.071%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0318%	4h	92.164	+0.069%	$23.8M	$79.2M	20x	as long as short
Gate CL_USDT	−0.0276%	8h	92.090	−0.012%	$21.3M	$54.3M	100x	as long as short
Binance CLUSDT	−0.0248%	4h	92.150	+0.054%	$245.1M	$1.08B	100x	as long as short
Variational Omni CLlong	−0.0236%	4h	92.101	long leg	$13.2M	$12.7M	—
Deribit WTIOIL_USDC-PERPETUAL	−0.0184%	1h	92.150	+0.054%	$96K	$189K	15x	as long as short
Bybit CLUSDT	−0.0150%	8h	92.151	+0.055%	$26.0M	$93.8M	150x	as long as short
Nado WTI-PERP	−0.0125%	1h	92.221	+0.131%	$923K	$732K	10x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.161	+0.066%	$273K	$1.2M	25x	as long as short
Ondo Perps WTI-USD.P	−0.0095%	1h	92.180	+0.086%	$3.5M	$6.2M	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	−0.0062%	1h	92.166	+0.071%	$186.2M	$261.6M	20x	as long as short
Lighter WTI	−0.0040%	1h	92.140	+0.043%	$11.2M	$9.9M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.077%	$399K	$960K	15x	as long as short
QFEX CL-USD	−0.0040%	1h	92.150	+0.054%	$2.4M	$2.2M	10x	as long as short
Paradex CL-USD-PERP	−0.0034%	8h	92.141	+0.044%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.235	+0.146%	$8K	$3K	5x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.120	+0.021%	$42.8M	$111.2M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.279	+0.194%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.142	+0.045%	$41.9M	$51.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.260	+0.173%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.118	+0.019%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.707	−0.427%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.210	+0.119%	$2.0M	$26.7M	10x	as long as short
edgeX CLUSDC	+0.0036%	4h	92.162	+0.067%	$530K	$306K	30x	as long as short
StandX CL-USDshort	+0.0040%	1h	92.130	+0.032%	$721K	$3.1M	40x
Vest CL-PERP	+0.0046%	1h	92.210	+0.119%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.165	+0.070%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.125	+0.026%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.143	+0.046%	$353K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.192	+0.099%	$7.2M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.240	+0.151%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.143	+0.045%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.125	+0.026%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.38	+10.077%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.100	−0.001%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0435%	1h	92.171	+0.076%	$2K	$29K	5x	as long as short