Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.052%

Price spread now: Gate against Aevo−0.048%7-day average — · you buy dearer than you sell

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

Long on Aevo Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.048% cheaper against Aevo than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo WTIOIL-PERP	92.934	0.0104	pay 0.0013% / 1h	0m 25s	$4K	—	10x
Short	Gate CL_USDT	92.890	−0.0044	pay 0.0044% / 8h	4h 00m	$20.8M	$52.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aevo. 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 AevobpFee GatebpOrdersPrice spread, now −0.048%Rate

Funding earned: −$31.08
Price spread: −0.048% → 0.000%: −$4.76
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$66.84
Costs to cover: 0.310%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Gate: 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 Aevo no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	0.54 bp	8.9 bp −$9	13.0 bp −$130	24.6 bp −$2,464	31.9 bp −$15.9K

Aevo: 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	−0.0396%	1h	92.890	−0.048%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0274%	4h	92.970	+0.038%	$24.0M	$66.4M	20x	as long as short
GRVT CL_USDT_Perp	−0.0246%	4h	92.909	−0.028%	$56K	$656K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	92.941	+0.008%	$272K	$875K	25x	as long as short
Binance CLUSDT	−0.0182%	4h	92.960	+0.028%	$244.8M	$944.5M	100x	as long as short
Variational Omni CL	−0.0172%	4h	92.899	−0.038%	$13.5M	$10.8M	—	as long as short
Bitget CLUSDT	−0.0130%	4h	92.944	+0.010%	$41.9M	$43.5M	100x	as long as short
tradeXYZ xyz:CL	−0.0115%	1h	92.946	+0.013%	$184.6M	$219.6M	20x	as long as short
Aftermath Perps WTIUSD	−0.0107%	1h	92.910	−0.026%	$2K	$27K	5x	as long as short
edgeX CLUSDC	−0.0085%	4h	92.899	−0.038%	$526K	$304K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0082%	1h	92.870	−0.069%	$3.5M	$5.4M	20x	as long as short
OKX CL-USDT-SWAP	−0.0053%	4h	92.950	+0.017%	$42.5M	$102.7M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.930	−0.005%	$399K	$948K	15x	as long as short
Gate CL_USDTshort	−0.0044%	8h	92.890	−0.048%	$20.8M	$52.4M	100x
QFEX CL-USD	−0.0043%	1h	92.940	+0.006%	$2.3M	$1.8M	10x	as long as short
Nado WTI-PERP	−0.0041%	1h	93.003	+0.074%	$963K	$647K	10x	as long as short
KuCoin CLUSDTM	−0.0030%	4h	92.970	+0.038%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	0.0000%	1h	92.959	+0.027%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	+0.003%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.960	+0.028%	$26.6M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.020	+0.092%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.940	+0.006%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.957	+0.024%	$18K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.508	−0.459%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0003%	8h	92.928	−0.007%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.980	+0.049%	$2.0M	$20.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.900	−0.037%	$734K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.950	+0.017%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.952	+0.019%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.929	−0.006%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	92.956	+0.024%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.900	−0.037%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERPlong	+0.0104%	1h	92.934	long leg	$4K	—	10x
BloFin CL-USDT	+0.0184%	4h	92.910	−0.026%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0217% / S −0.0145%	1h	92.955	+0.022%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.25	+10.025%	$19K	$11K	30x	as long as short