Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: KuCoin against ApeX Omni+0.002%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$600.598% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.002%, 7d avg +0.009%

Together, before fees−0.084%−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni CLUSDT	93.200	0.0100	pay 0.0013% / 1h	36m 58s	$54K	$266K	50x
Short	KuCoin CLUSDTM	93.202	0.0100	get 0.0050% / 4h	36m 58s	$7.1M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.002%Rate

Funding earned: $0
Price spread: +0.002% → +0.009%: −$0.69
Slippage, 4 orders: −$37.76
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$60.44
Costs to cover: 0.598%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 65 min ago; KuCoin: live order book, 1 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, 65 min ago	8.55 bp	21.2 bp −$21	185.5 bp −$1,855	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	1.72 bp	8.5 bp −$8	doesn't fit	doesn't fit	doesn't fit

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	−0.0394%	1h	93.170	−0.032%	$195K	$393K	15x	as long as short
Aster CLUSD1	−0.0287%	4h	93.220	+0.021%	$24.7M	$64.6M	20x	as long as short
GRVT CL_USDT_Perp	−0.0272%	4h	93.210	+0.011%	$75K	$636K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0209%	1h	93.196	−0.004%	$275K	$938K	25x	as long as short
Binance CLUSDT	−0.0163%	4h	93.199	−0.001%	$246.9M	$921.0M	100x	as long as short
Variational Omni CL	−0.0151%	4h	93.187	−0.014%	$13.4M	$10.6M	—	as long as short
Gate CL_USDT	−0.0128%	8h	93.110	−0.097%	$22.9M	$49.1M	100x	as long as short
Bitget CLUSDT	−0.0126%	4h	93.183	−0.018%	$42.2M	$41.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0112%	1h	93.240	+0.043%	$2K	$26K	5x	as long as short
edgeX CLUSDC	−0.0095%	4h	93.207	+0.007%	$524K	$305K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado WTI-PERP	−0.0091%	1h	93.239	+0.042%	$955K	$624K	10x	as long as short
OKX CL-USDT-SWAP	−0.0067%	4h	93.150	−0.054%	$42.7M	$102.7M	50x	as long as short
QFEX CL-USD	−0.0038%	1h	93.190	−0.011%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0030%	1h	93.173	−0.029%	$184.0M	$199.5M	20x	as long as short
Lighter WTI	−0.0024%	1h	93.186	−0.015%	$11.2M	$9.1M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0020%	1h	93.140	−0.064%	$3.6M	$5.3M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.365%	$405K	$810K	15x	as long as short
Paradex CL-USD-PERP	−0.0003%	8h	93.154	−0.049%	$16K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	93.162	−0.041%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.180	−0.021%	$26.7M	$79.1M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.219	+0.020%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.290	+0.097%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.186	−0.015%	$18K	$240K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.737	−0.497%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0008%	1h	93.200	0.000%	$1.6M	$15.0M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.250	+0.054%	$739K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.190	−0.011%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.164	−0.039%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.193	−0.008%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.198	−0.002%	$348K	$593K	10x	as long as short
KuCoin CLUSDTMshort	+0.0100%	4h	93.202	+0.002%	$7.1M	$2.4M	50x
ApeX Omni CLUSDTlong	+0.0100%	1h	93.200	long leg	$54K	$266K	50x
Aevo WTIOIL-PERP	+0.0104%	1h	93.168	−0.034%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0173%	4h	93.180	−0.021%	$4.0M	$983K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.45	+9.925%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0254% / S −0.0190%	1h	93.195	−0.005%	$83K	—	111x	as long as short