Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.014%

Price spread now: Bybit against Vest−0.064%47s7-day average +0.813% · you buy dearer than you sell

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

Long on Vest Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.061%−$6 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.064%, 7d avg +0.813%

Together, before fees−0.034%+ Points / potential airdropVest: Active · farm board−$3 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 0.877% cheaper against Vest than usual: you would sell low and buy high (−$88 if the spread goes back to its 7-day average of +0.813%). Swap the legs. The two prices were read 47 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	Vest CL-PERP	93.190	0.0046	pay 0.0006% / 1h	4m 41s	—	$313K	10x
Short	Bybit CLUSDT	93.130	0	get 0.0000% / 8h	4m 41s	$27.0M	$79.7M	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Vest. 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 VestbpFee BybitbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$9.59
Price spread: −0.064% → +0.813%: −$87.75
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$110.34
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Bybit: live order book, 4 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 Vest no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	0.54 bp	6.0 bp −$6	7.4 bp −$74	16.6 bp −$1,659	98.5 bp −$49.3K

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
Deribit WTIOIL_USDC-PERPETUAL	−0.0501%	1h	93.170	−0.021%	$194K	$398K	15x	as long as short
Aster CLUSD1	−0.0253%	4h	93.158	−0.035%	$24.8M	$62.1M	20x	as long as short
GRVT CL_USDT_Perp	−0.0218%	4h	93.231	+0.044%	$75K	$634K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0209%	1h	93.196	+0.006%	$274K	$925K	25x	as long as short
Binance CLUSDT	−0.0140%	4h	93.120	−0.075%	$246.5M	$922.7M	100x	as long as short
Gate CL_USDT	−0.0138%	8h	93.110	−0.086%	$23.2M	$50.8M	100x	as long as short
Variational Omni CL	−0.0130%	4h	93.192	+0.003%	$13.6M	$10.8M	—	as long as short
Nado WTI-PERP	−0.0109%	1h	93.222	+0.035%	$954K	$613K	10x	as long as short
Bitget CLUSDT	−0.0102%	4h	93.173	−0.018%	$42.2M	$41.4M	100x	as long as short
Aftermath Perps WTIUSD	−0.0084%	1h	93.157	−0.035%	$1K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0069%	4h	93.120	−0.075%	$42.6M	$103.1M	50x	as long as short
edgeX CLUSDC	−0.0042%	4h	93.256	+0.071%	$525K	$324K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	93.150	−0.043%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0017%	1h	93.136	−0.058%	$184.3M	$196.4M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.376%	$405K	$810K	15x	as long as short
Lighter WTI	−0.0008%	1h	93.109	−0.087%	$11.2M	$9.2M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0006%	1h	93.140	−0.054%	$3.6M	$5.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.210	+0.022%	$8K	$3K	5x	as long as short
Bybit CLUSDTshort	0.0000%	8h	93.130	−0.064%	$27.0M	$79.7M	150x
RISEx CL/USDC	0.0000%	1h	93.201	+0.012%	$3.0M	$2.8M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.240	+0.054%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.204	+0.015%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.755	−0.467%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0011%	8h	93.108	−0.088%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.230	+0.043%	$1.7M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.260	+0.075%	$739K	$2.8M	40x	as long as short
Vest CL-PERPlong	+0.0046%	1h	93.190	long leg	—	$313K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.168	−0.024%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.198	+0.009%	$2.1M	$62K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.130	−0.065%	$347K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	93.145	−0.048%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.290	+0.107%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.174	−0.017%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0168%	4h	93.180	−0.011%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.598%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0261% / S −0.0208%	1h	93.185	−0.005%	$84K	—	111x	as long as short