Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.008%

Price spread now: gTrade (Gains Network) against Binance−0.488%7-day average — · you buy dearer than you sell

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

Long on Binance Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 1 day (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. gTrade (Gains Network) is 0.488% cheaper against Binance than usual: you would sell low and buy high (spread −0.488% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$49 on $10k: about 11 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CLUSDT	93.082	−0.0188	get 0.0094% / 4h	22m 00s	$244.9M	$947.7M	100x
Short	gTrade (Gains Network) WTI/USD	92.628	L 0.0000% / S +0.0036%	pay 0.0004% / 1h	22m 00s	$5K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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 BinancebpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.488%Rate

Funding earned: $31.92
Price spread: −0.488% → 0.000%: −$48.76
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Net: −$34.84
Costs to cover: 0.180%
Break-even: 14.6 days

Slippage unknown: Binance: live order book, 7 min ago; gTrade (Gains Network): no order-book sample. 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 Binance live order book, 7 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	8.2 bp −$817	19.7 bp −$9,866
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.0394%	1h	93.050	−0.034%	$199K	$370K	15x	as long as short
Aster CLUSD1	−0.0261%	4h	93.083	+0.001%	$24.0M	$66.9M	20x	as long as short
GRVT CL_USDT_Perp	−0.0244%	4h	93.060	−0.023%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	93.090	+0.008%	$274K	$872K	25x	as long as short
Binance CLUSDTlong	−0.0188%	4h	93.082	long leg	$244.9M	$947.7M	100x
Variational Omni CL	−0.0182%	4h	93.038	−0.047%	$13.5M	$10.9M	—	as long as short
Bitget CLUSDT	−0.0110%	4h	93.067	−0.016%	$41.9M	$43.7M	100x	as long as short
tradeXYZ xyz:CL	−0.0108%	1h	93.065	−0.018%	$184.7M	$214.3M	20x	as long as short
edgeX CLUSDC	−0.0099%	4h	93.059	−0.024%	$530K	$300K	30x	as long as short
Aftermath Perps WTIUSD	−0.0098%	1h	93.107	+0.027%	$2K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps WTI-USD.P	−0.0094%	1h	93.030	−0.056%	$3.5M	$5.4M	20x	as long as short
OKX CL-USDT-SWAP	−0.0060%	4h	93.070	−0.013%	$42.6M	$102.7M	50x	as long as short
Gate CL_USDT	−0.0049%	8h	93.020	−0.066%	$20.8M	$51.9M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.357%	$402K	$944K	15x	as long as short
QFEX CL-USD	−0.0043%	1h	93.050	−0.034%	$2.4M	$1.7M	10x	as long as short
Nado WTI-PERP	−0.0031%	1h	93.097	+0.016%	$962K	$649K	10x	as long as short
KuCoin CLUSDTM	−0.0020%	4h	93.075	−0.007%	$7.1M	$2.4M	50x	as long as short
Lighter WTI	0.0000%	1h	93.073	−0.010%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.113	+0.034%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.075	−0.007%	$26.7M	$80.2M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.127	+0.049%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.120	+0.041%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.074	−0.008%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USDshort	L 0.0000% / S +0.0036%	1h	92.628	−0.488%	$5K	—	150x
Paradex CL-USD-PERP	+0.0014%	8h	93.034	−0.051%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0024%	1h	93.110	+0.030%	$2.0M	$20.6M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.130	+0.052%	$736K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.080	−0.002%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.053	−0.031%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.070	−0.013%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.064	−0.019%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.060	−0.023%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.039	−0.046%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0177%	4h	93.100	+0.019%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0215% / S −0.0142%	1h	93.075	−0.007%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.19	+9.781%	$19K	$11K	30x	as long as short