Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0265%/8h= −29.0% APRpaid last 24h −0.014%

Price spread now: Gate against Aftermath Perps−0.094%7-day average — · you buy dearer than you sell

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

Long on Aftermath Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 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 −$8 a day on $10k at the current rate, and Gate is 0.094% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$9 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	Aftermath Perps WTIUSD	92.267	0.0234	pay 0.0029% / 1h	27m 24s	$2K	$29K	5x
Short	Gate CL_USDT	92.180	−0.0031	pay 0.0031% / 8h	27m 24s	$21.3M	$57.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Aftermath Perps. 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 Aftermath PerpsbpFee GatebpOrdersPrice spread, now −0.094%Rate

Funding earned: −$55.68
Price spread: −0.094% → 0.000%: −$9.4
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$89.08
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aftermath Perps: no order-book sample; Gate: live order book, 1 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Gate live order book, 1 min ago	0.54 bp	10.1 bp −$10	14.2 bp −$142	28.0 bp −$2,805	33.9 bp −$16.9K

Aftermath Perps: 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	−0.0449%	1h	92.291	+0.026%	$274K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0316%	4h	92.180	−0.094%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0264%	4h	92.280	+0.014%	$24.0M	$77.5M	20x	as long as short
Binance CLUSDT	−0.0180%	4h	92.255	−0.013%	$245.0M	$1.09B	100x	as long as short
Variational Omni CL	−0.0157%	4h	92.184	−0.089%	$13.4M	$12.4M	—	as long as short
Nado WTI-PERP	−0.0150%	1h	92.302	+0.039%	$926K	$737K	10x	as long as short
Lighter WTI	−0.0088%	1h	92.242	−0.027%	$11.2M	$10.9M	20x	as long as short
Paradex CL-USD-PERP	−0.0077%	8h	92.234	−0.035%	$15K	$367	5x	as long as short
Ondo Perps WTI-USD.P	−0.0068%	1h	92.260	−0.007%	$3.5M	$6.3M	20x	as long as short
tradeXYZ xyz:CL	−0.0055%	1h	92.263	−0.004%	$186.8M	$275.6M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0054%	1h	92.240	−0.029%	$2.4M	$2.4M	10x	as long as short
Gate CL_USDTshort	−0.0031%	8h	92.180	−0.094%	$21.3M	$57.9M	100x
Pacifica CL	−0.0020%	1h	92.258	−0.010%	$333K	$576K	10x	as long as short
Bullet WTIOIL-USD	−0.0003%	1h	92.248	−0.020%	$19K	$241K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.274	+0.008%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.270	+0.004%	$25.9M	$94.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.250	−0.018%	$43.1M	$113.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.365	+0.106%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.234	−0.035%	$42.0M	$51.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.300	+0.036%	$37K	$101K	20x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.270	+0.004%	$96K	$189K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.257%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.814	−0.491%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.290	+0.025%	$2.0M	$26.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.250	−0.018%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.290	+0.025%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.245	−0.024%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.245	−0.024%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0079%	4h	92.275	+0.009%	$531K	$334K	30x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.293	+0.028%	$7.1M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.340	+0.079%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.225	−0.045%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.245	−0.024%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.18	+9.661%	$19K	$11K	30x	as long as short
Aftermath Perps WTIUSDlong	+0.0234%	1h	92.267	long leg	$2K	$29K	5x
BloFin CL-USDT	+0.0240%	4h	92.220	−0.051%	$4.0M	$1.4M	50x	as long as short