Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.010%

Price spread now: gTrade (Gains Network) against Bybit−0.463%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and gTrade (Gains Network) is 0.463% cheaper against Bybit than usual: you would sell low and buy high (−$46 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	Bybit CLUSDT	92.922	0	get 0.0000% / 8h	20m 42s	$26.7M	$79.4M	150x
Short	gTrade (Gains Network) WTI/USD	92.492	L 0.0000% / S +0.0036%	pay 0.0004% / 1h	20m 42s	$5K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Bybit. 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 BybitbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.463%Rate

Funding earned: −$7.5
Price spread: −0.463% → 0.000%: −$46.28
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Net: −$72.78
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.54 bp	6.0 bp −$6	7.7 bp −$77	15.3 bp −$1,534	85.9 bp −$43.0K
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	−0.0503%	1h	92.900	−0.024%	$194K	$396K	15x	as long as short
Aster CLUSD1	−0.0281%	4h	92.937	+0.016%	$24.7M	$63.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0252%	4h	92.963	+0.044%	$77K	$622K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0210%	1h	92.924	+0.002%	$275K	$930K	25x	as long as short
Binance CLUSDT	−0.0156%	4h	92.909	−0.014%	$246.7M	$922.8M	100x	as long as short
Variational Omni CL	−0.0144%	4h	92.909	−0.014%	$13.5M	$10.7M	—	as long as short
Gate CL_USDT	−0.0134%	8h	92.860	−0.067%	$23.0M	$50.0M	100x	as long as short
Bitget CLUSDT	−0.0122%	4h	92.918	−0.004%	$42.2M	$41.7M	100x	as long as short
Nado WTI-PERP	−0.0108%	1h	92.951	+0.032%	$953K	$620K	10x	as long as short
Aftermath Perps WTIUSD	−0.0099%	1h	92.976	+0.058%	$2K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX CL-USDT-SWAP	−0.0081%	4h	92.890	−0.034%	$42.7M	$102.8M	50x	as long as short
edgeX CLUSDC	−0.0057%	4h	92.965	+0.047%	$523K	$305K	30x	as long as short
QFEX CL-USD	−0.0038%	1h	92.910	−0.013%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0022%	1h	92.914	−0.009%	$184.2M	$197.9M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0022%	1h	92.860	−0.067%	$3.6M	$5.3M	20x	as long as short
Lighter WTI	−0.0016%	1h	92.891	−0.033%	$11.2M	$9.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0016%	1h	93.540	+0.665%	$405K	$810K	15x	as long as short
dYdX WTI-USD	0.0000%	1h	92.986	+0.069%	$8K	$3K	5x	as long as short
Bybit CLUSDTlong	0.0000%	8h	92.922	long leg	$26.7M	$79.4M	150x
RISEx CL/USDC	0.0000%	1h	92.939	+0.019%	$3.0M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.990	+0.073%	$37K	$40K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.933	+0.012%	$18K	$240K	10x	as long as short
Paradex CL-USD-PERP	0.0000%	8h	92.883	−0.041%	$16K	$367	5x	as long as short
gTrade (Gains Network) WTI/USDshort	L 0.0000% / S +0.0036%	1h	92.492	−0.463%	$5K	—	150x
Extended WTI-USD	+0.0032%	1h	92.970	+0.052%	$1.9M	$15.1M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.040	+0.127%	$737K	$2.8M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.930	+0.009%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.902	−0.022%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.927	+0.005%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.923	+0.001%	$347K	$592K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.950	+0.030%	$7.0M	$2.4M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.940	+0.019%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.902	−0.022%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0160%	4h	92.920	−0.002%	$4.1M	$982K	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0164% / S −0.0001%	1h	92.925	+0.003%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.45	+10.254%	$19K	$11K	30x	as long as short