Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0177%/8h= −19.4% APRpaid last 24h −0.050%

Price spread now: Gate against ApeX Omni−0.032%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$600.597% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.535%−$54 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.032%, 7d avg −0.069%

Together, before fees−0.537%−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.037% dearer against ApeX Omni than usual: you sell high and buy low (spread −0.032% now, against its 7-day average of −0.069%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 17 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CLUSDT	93.420	0.0100	pay 0.0013% / 1h	17m 12s	$54K	$266K	50x
Short	Gate CL_USDT	93.390	−0.0077	pay 0.0077% / 8h	2h 17m	$21.9M	$50.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against ApeX Omni. 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 ApeX OmnibpFee GatebpOrdersPrice spread, now −0.032%Rate

Funding earned: −$37.17
Price spread: −0.032% → −0.069%: $3.71
Slippage, 4 orders: −$34.69
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$93.15
Costs to cover: 0.597%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 30 min ago; Gate: live order book, 2 min ago.

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 ApeX Omni live order book, 30 min ago	8.57 bp	19.7 bp −$20	192.4 bp −$1,924	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	0.54 bp	9.9 bp −$10	13.7 bp −$137	26.0 bp −$2,595	36.2 bp −$18.1K

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	−0.0392%	1h	93.410	−0.011%	$196K	$376K	15x	as long as short
GRVT CL_USDT_Perp	−0.0294%	4h	93.442	+0.024%	$58K	$629K	25x	as long as short
Aster CLUSD1	−0.0291%	4h	93.490	+0.075%	$24.4M	$64.9M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.462	+0.045%	$285K	$958K	25x	as long as short
Binance CLUSDT	−0.0183%	4h	93.451	+0.033%	$246.1M	$932.6M	100x	as long as short
Variational Omni CL	−0.0174%	4h	93.399	−0.023%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSD	−0.0155%	1h	93.452	+0.035%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0128%	4h	93.440	+0.021%	$42.1M	$42.8M	100x	as long as short
Nado WTI-PERP	−0.0124%	1h	93.509	+0.095%	$967K	$615K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0093%	1h	93.410	−0.011%	$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
Gate CL_USDTshort	−0.0077%	8h	93.390	−0.032%	$21.9M	$50.0M	100x
tradeXYZ xyz:CL	−0.0070%	1h	93.434	+0.015%	$184.9M	$213.5M	20x	as long as short
OKX CL-USDT-SWAP	−0.0050%	4h	93.450	+0.032%	$42.7M	$102.9M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.500	+0.086%	$404K	$931K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.450	+0.032%	$2.3M	$2.5M	10x	as long as short
edgeX CLUSDC	−0.0010%	4h	93.378	−0.045%	$525K	$306K	30x	as long as short
dYdX WTI-USD	0.0000%	1h	93.495	+0.080%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.480	+0.064%	$27.2M	$79.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.519	+0.106%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.500	+0.086%	$38K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.460	+0.042%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.983	−0.468%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0013%	8h	93.449	+0.031%	$16K	$367	5x	as long as short
Lighter WTI	+0.0016%	1h	93.441	+0.022%	$11.2M	$9.9M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	93.480	+0.064%	$2.0M	$17.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.450	+0.032%	$740K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.450	+0.032%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.463	+0.046%	$332K	$577K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.444	+0.026%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.445	+0.027%	$2.1M	$60K	20x	as long as short
KuCoin CLUSDTM	+0.0080%	4h	93.465	+0.048%	$7.1M	$2.4M	50x	as long as short
ApeX Omni CLUSDTlong	+0.0100%	1h	93.420	long leg	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	93.423	+0.004%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0189%	4h	93.460	+0.043%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.64	+9.875%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0238% / S −0.0171%	1h	93.445	+0.027%	$84K	—	111x	as long as short