Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0071%/8h= −7.7% APRpaid last 24h −0.020%

Price spread now: OKX against Vest−0.078%7-day average +0.785% · you buy dearer than you sell

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

Long on Vest Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.047%−$5 on $10k

Price spread, last 4 days (all we have)+0.193%+$19 · spread now −0.078%, 7d avg +0.785%

Together, before fees+0.146%+ Points / potential airdropVest: Active · farm board+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.863% cheaper against Vest than usual: you would sell low and buy high (−$86 if the spread goes back to its 7-day average of +0.785%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest CL-PERP	89.700	0.0046	pay 0.0006% / 1h	43m 57s	—	$313K	10x
Short	OKX CL-USDT-SWAP	89.630	−0.0025	pay 0.0012% / 4h	1h 43m	$40.1M	$133.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$14.83
Price spread: −0.078% → +0.785%: −$86.32
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee OKX: 5 bp × 2 orders: −$10
Net: −$113.15
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; OKX: 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 Vest no order-book sample	—	—	—	—	—
Sell OKX live order book, 3 min ago	0.56 bp	5.6 bp −$6	6.7 bp −$67	14.2 bp −$1,420	doesn't fit

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 exchanges

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	−0.0341%	1h	89.739	+0.044%	$320K	$1.8M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0196%	1h	89.690	−0.011%	$39K	$654K	15x	as long as short
Aster CLUSD1	−0.0125%	4h	89.713	+0.014%	$24.4M	$72.3M	20x	as long as short
Bitget CLUSDT	−0.0106%	4h	89.658	−0.047%	$40.9M	$56.8M	100x	as long as short
GRVT CL_USDT_Perp	−0.0106%	4h	89.325	−0.418%	$66K	$632K	25x	as long as short
Ondo Perps WTI-USD.P	−0.0086%	1h	89.690	−0.011%	$3.4M	$6.3M	20x	as long as short
tradeXYZ xyz:CL	−0.0082%	1h	89.692	−0.009%	$167.0M	$246.9M	20x	as long as short
Binance CLUSDT	−0.0079%	4h	89.660	−0.045%	$241.4M	$1.21B	100x	as long as short
Aftermath Perps WTIUSD	−0.0071%	1h	89.544	−0.174%	$1K	$26K	5x	as long as short
Variational Omni CL	−0.0056%	4h	89.472	−0.254%	$12.5M	$11.4M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDT	−0.0052%	8h	89.660	−0.045%	$23.2M	$54.1M	100x	as long as short
Extended WTI-USD	−0.0040%	1h	89.670	−0.033%	$1.3M	$14.3M	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	89.700	0.000%	$410K	$1.5M	15x	as long as short
Nado WTI-PERP	−0.0029%	1h	89.821	+0.135%	$876K	$688K	10x	as long as short
QFEX CL-USD	−0.0025%	1h	89.770	+0.078%	$2.2M	$2.6M	10x	as long as short
OKX CL-USDT-SWAPshort	−0.0025%	4h	89.630	−0.078%	$40.1M	$133.0M	50x
edgeX CLUSDC	−0.0023%	4h	89.388	−0.348%	$494K	$385K	30x	as long as short
gTrade (Gains Network) WTI/USD	L −0.0001% / S +0.0036%	1h	89.246	−0.506%	$607	—	150x	as long as short
dYdX WTI-USD	0.0000%	1h	89.715	+0.016%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	89.673	−0.030%	$27.3M	$109.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	89.826	+0.140%	$2.8M	$3.1M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	89.470	−0.256%	$32K	$39K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	89.734	+0.038%	$17K	$237K	10x	as long as short
Paradex CL-USD-PERP	+0.0016%	8h	89.731	+0.034%	$15K	$367	5x	as long as short
Lighter WTI	+0.0032%	1h	89.689	−0.012%	$10.6M	$10.5M	20x	as long as short
StandX CL-USD	+0.0040%	1h	89.700	0.000%	$692K	$2.8M	40x	as long as short
Vest CL-PERPlong	+0.0046%	1h	89.700	long leg	—	$313K	10x
Polymarket Perps WTIOIL-USD	+0.0050%	1h	89.733	+0.037%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	89.700	0.000%	$2.0M	$84K	20x	as long as short
Pacifica CL	+0.0100%	1h	89.725	+0.028%	$300K	$737K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	89.606	−0.105%	$6.9M	$3.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	89.370	−0.368%	$52K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	89.681	−0.021%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0165% / S −0.0004%	1h	89.605	−0.106%	$77K	—	111x	as long as short
BloFin CL-USDT	+0.0216%	4h	89.580	−0.134%	$3.9M	$1.1M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	90.137	+0.487%	$16K	$5K	30x	as long as short