Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.008%

Price spread now: KuCoin against Aevo+0.060%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on KuCoin

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

The price spread pays, funding is against you. KuCoin is 0.060% dearer against Aevo than usual: you sell high and buy low (spread +0.060% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo WTIOIL-PERP	93.310	0.0104	pay 0.0013% / 1h	30m 47s	$4K	—	10x
Short	KuCoin CLUSDTM	93.366	0.0052	get 0.0026% / 4h	2h 30m	$7.1M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.060%Rate

Funding earned: −$10.92
Price spread: +0.060% → 0.000%: $6.04
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$32.88
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; KuCoin: live order book, 2 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 KuCoin live order book, 2 min ago	0.91 bp	8.6 bp −$9	doesn't fit	doesn't fit	doesn't fit

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	−0.0607%	1h	93.310	0.000%	$197K	$373K	15x	as long as short
GRVT CL_USDT_Perp	−0.0330%	4h	93.298	−0.013%	$58K	$639K	25x	as long as short
Aster CLUSD1	−0.0305%	4h	93.364	+0.058%	$24.4M	$65.2M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.350	+0.044%	$284K	$962K	25x	as long as short
Binance CLUSDT	−0.0194%	4h	93.350	+0.043%	$246.3M	$931.4M	100x	as long as short
Variational Omni CL	−0.0184%	4h	93.331	+0.022%	$13.3M	$10.8M	—	as long as short
Aftermath Perps WTIUSD	−0.0151%	1h	93.337	+0.030%	$2K	$26K	5x	as long as short
Nado WTI-PERP	−0.0134%	1h	93.397	+0.094%	$966K	$619K	10x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.346	+0.039%	$42.1M	$42.9M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0125%	1h	93.260	−0.053%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0078%	4h	93.321	+0.012%	$525K	$306K	30x	as long as short
Gate CL_USDT	−0.0075%	8h	93.300	−0.010%	$21.8M	$49.6M	100x	as long as short
tradeXYZ xyz:CL	−0.0070%	1h	93.357	+0.051%	$184.5M	$214.4M	20x	as long as short
OKX CL-USDT-SWAP	−0.0064%	4h	93.350	+0.043%	$42.6M	$102.5M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.160%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.330	+0.022%	$2.3M	$2.3M	10x	as long as short
Lighter WTI	0.0000%	1h	93.351	+0.044%	$11.2M	$9.9M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.410	+0.107%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.380	+0.075%	$27.1M	$79.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.395	+0.091%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.380	+0.075%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.344	+0.037%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.901	−0.438%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0001%	8h	93.328	+0.019%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.370	+0.065%	$2.0M	$17.4M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.290	−0.021%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.350	+0.043%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.349	+0.042%	$332K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.332	+0.024%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.345	+0.038%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTMshort	+0.0052%	4h	93.366	+0.060%	$7.1M	$2.4M	50x
ApeX Omni CLUSDT	+0.0100%	1h	93.400	+0.097%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERPlong	+0.0104%	1h	93.310	long leg	$4K	—	10x
BloFin CL-USDT	+0.0175%	4h	93.350	+0.043%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.60	+9.960%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0236% / S −0.0168%	1h	93.345	+0.038%	$84K	—	111x	as long as short