Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0169%/8h= +18.5% APRpaid last 24h +0.018%

Price spread now: Vest against Variational Omni+0.148%7-day average −0.886% · you sell dearer than you buy

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

Long on Variational Omni Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.021%+$2 on $10k

Price spread, last 3 days (all we have)−0.281%−$28 · spread now +0.148%, 7d avg −0.886%

Together, before fees−0.260%+ Points / potential airdropVariational Omni: Active · Vest: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Vest is 1.034% dearer against Variational Omni than usual: you sell high and buy low: +$103 more if the spread goes back to its 7-day average of −0.886%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni CL	91.994	−0.0123	get 0.0062% / 4h	42m 11s	$13.4M	$12.7M	—
Short	Vest CL-PERP	92.130	0.0046	get 0.0006% / 1h	42m 11s	—	$308K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 VestbpOrdersPrice spread, now +0.148%Rate

Funding earned: $35.44
Price spread: +0.148% → −0.886%: $103.44
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $136.88
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Vest: no order-book sample. 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, 2 min ago	2.28 bp	doesn't fit	2.8 bp −$28	9.3 bp −$931	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_WTIOILUSD	−0.0450%	1h	92.096	+0.111%	$275K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0304%	4h	92.024	+0.033%	$58K	$702K	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.080	+0.094%	$96K	$189K	15x	as long as short
Aster CLUSD1	−0.0230%	4h	92.100	+0.116%	$24.0M	$77.6M	20x	as long as short
Nado WTI-PERP	−0.0177%	1h	92.152	+0.172%	$924K	$741K	10x	as long as short
Binance CLUSDT	−0.0154%	4h	92.070	+0.083%	$245.3M	$1.10B	100x	as long as short
Lighter WTI	−0.0128%	1h	92.064	+0.077%	$11.1M	$10.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0126%	1h	92.080	+0.094%	$3.5M	$6.4M	20x	as long as short
Variational Omni CLlong	−0.0123%	4h	91.994	long leg	$13.4M	$12.7M	—
tradeXYZ xyz:CL	−0.0108%	1h	92.084	+0.098%	$185.8M	$275.8M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex CL-USD-PERP	−0.0107%	8h	92.058	+0.071%	$15K	$367	5x	as long as short
Bullet WTIOIL-USD	−0.0074%	1h	92.073	+0.086%	$18K	$241K	10x	as long as short
QFEX CL-USD	−0.0054%	1h	92.050	+0.061%	$2.4M	$2.6M	10x	as long as short
Gate CL_USDT	−0.0025%	8h	92.010	+0.018%	$21.3M	$57.6M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.092	+0.107%	$332K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.108	+0.124%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.090	+0.105%	$25.5M	$94.9M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.080	+0.094%	$43.0M	$113.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.194	+0.218%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.058	+0.070%	$41.9M	$51.8M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.070	+0.083%	$37K	$101K	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	+0.040%	$399K	$984K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.649	−0.374%	$4K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	92.120	+0.138%	$2.0M	$27.5M	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0028%	1h	92.074	+0.088%	$1.6M	$1.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.100	+0.116%	$721K	$3.1M	40x	as long as short
Vest CL-PERPshort	+0.0046%	1h	92.130	+0.148%	—	$308K	10x
SoDEX CL-USD	+0.0050%	1h	92.075	+0.089%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0059%	4h	92.037	+0.047%	$529K	$336K	30x	as long as short
Aftermath Perps WTIUSD	+0.0068%	1h	92.083	+0.098%	$2K	$29K	5x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.075	+0.089%	$7.3M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.150	+0.170%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.058	+0.070%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	92.065	+0.078%	$76K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+10.089%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.070	+0.083%	$4.0M	$1.4M	50x	as long as short