Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0174%/8h= +19.0% APRpaid last 24h +0.042%

Price spread now: KuCoin against Aftermath Perps−0.162%45s7-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 KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. KuCoin is 0.162% cheaper against Aftermath Perps than usual: you would sell low and buy high (spread −0.162% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 3.1 days of funding at the current rate (+$5 a day). The two prices were read 45 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	Aftermath Perps WTIUSD	92.873	−0.0074	get 0.0009% / 1h	34m 47s	$2K	$27K	5x
Short	KuCoin CLUSDTM	92.722	0.0100	get 0.0050% / 4h	3h 34m	$7.0M	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.162%Rate

Funding earned: $36.5
Price spread: −0.162% → 0.000%: −$16.23
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$0.73
Costs to cover: 0.210%
Break-even: 7.1 days

Slippage unknown: Aftermath Perps: no order-book sample; KuCoin: 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	0.49 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit

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
Deribit WTIOIL_USDC-PERPETUAL	−0.0504%	1h	92.740	−0.143%	$187K	$410K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0314%	1h	92.766	−0.115%	$269K	$928K	25x	as long as short
Aster CLUSD1	−0.0228%	4h	92.734	−0.150%	$24.8M	$60.6M	20x	as long as short
Gate CL_USDT	−0.0219%	8h	92.630	−0.261%	$23.4M	$49.4M	100x	as long as short
Binance CLUSDT	−0.0126%	4h	92.682	−0.205%	$244.9M	$930.3M	100x	as long as short
Variational Omni CL	−0.0113%	4h	92.780	−0.100%	$13.5M	$10.7M	—	as long as short
GRVT CL_USDT_Perp	−0.0104%	4h	92.790	−0.089%	$75K	$624K	25x	as long as short
Nado WTI-PERP	−0.0099%	1h	92.792	−0.086%	$950K	$604K	10x	as long as short
Bitget CLUSDT	−0.0080%	4h	92.677	−0.211%	$41.9M	$41.6M	100x	as long as short
Aftermath Perps WTIUSDlong	−0.0074%	1h	92.873	long leg	$2K	$27K	5x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0051%	4h	92.670	−0.218%	$42.4M	$101.9M	50x	as long as short
QFEX CL-USD	−0.0026%	1h	92.770	−0.111%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0014%	1h	92.719	−0.165%	$184.0M	$191.6M	20x	as long as short
edgeX CLUSDC	−0.0007%	4h	92.845	−0.030%	$542K	$342K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	92.748	−0.134%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.703	−0.183%	$27.5M	$81.0M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.770	−0.111%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.739	−0.144%	$19K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.334	−0.580%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.850	−0.024%	$37K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	92.693	−0.194%	$15K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	93.160	+0.309%	$404K	$794K	15x	as long as short
Lighter WTI	+0.0032%	1h	92.702	−0.184%	$11.3M	$8.8M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.760	−0.121%	$1.7M	$14.3M	10x	as long as short
Ondo Perps WTI-USD.P	+0.0033%	1h	92.650	−0.240%	$3.6M	$5.2M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.880	+0.008%	$732K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.740	−0.143%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.760	−0.121%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.765	−0.116%	$2.1M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.711	−0.174%	$345K	$589K	10x	as long as short
KuCoin CLUSDTMshort	+0.0100%	4h	92.722	−0.162%	$7.0M	$2.5M	50x
ApeX Omni CLUSDT	+0.0100%	1h	92.860	−0.014%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.742	−0.141%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S −0.0008%	1h	92.715	−0.170%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0191%	4h	92.710	−0.175%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+9.972%	$19K	$5K	30x	as long as short