Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h +0.030%

Price spread now: KuCoin against Bybit−0.012%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs+$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.408%+$41 on $10k

Price spread, last 7 days+0.090%+$9 · spread now −0.012%, 7d avg +0.024%

Together, before fees+0.499%+$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.036% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.024%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.408%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CLUSDT	93.060	0	get 0.0000% / 8h	4h 16m	$26.7M	$80.3M	150x
Short	KuCoin CLUSDTM	93.049	−0.0022	pay 0.0011% / 4h	16m 51s	$7.1M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$4.62
Price spread: −0.012% → +0.024%: −$3.61
Slippage, 4 orders: −$7.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$38.4
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.54 bp	6.0 bp −$6	7.8 bp −$78	15.5 bp −$1,550	83.1 bp −$41.6K
Sell KuCoin live order book, 1 min ago	1.99 bp	9.0 bp −$9	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	−0.0502%	1h	92.990	−0.075%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0262%	4h	93.090	+0.032%	$24.0M	$66.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0240%	4h	93.027	−0.035%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	93.043	−0.019%	$274K	$872K	25x	as long as short
Binance CLUSDT	−0.0185%	4h	93.052	−0.008%	$244.7M	$947.7M	100x	as long as short
Variational Omni CL	−0.0178%	4h	93.048	−0.013%	$13.5M	$10.9M	—	as long as short
Bitget CLUSDT	−0.0116%	4h	93.047	−0.014%	$41.9M	$43.7M	100x	as long as short
tradeXYZ xyz:CL	−0.0108%	1h	93.060	0.000%	$184.7M	$214.5M	20x	as long as short
Aftermath Perps WTIUSD	−0.0101%	1h	93.041	−0.020%	$2K	$27K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0086%	1h	92.970	−0.097%	$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
OKX CL-USDT-SWAP	−0.0054%	4h	93.070	+0.011%	$42.5M	$102.7M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	−0.333%	$402K	$944K	15x	as long as short
Gate CL_USDT	−0.0047%	8h	92.970	−0.097%	$20.8M	$52.0M	100x	as long as short
QFEX CL-USD	−0.0043%	1h	93.020	−0.043%	$2.4M	$1.7M	10x	as long as short
Nado WTI-PERP	−0.0028%	1h	93.072	+0.013%	$962K	$649K	10x	as long as short
KuCoin CLUSDTMshort	−0.0022%	4h	93.049	−0.012%	$7.1M	$2.4M	50x
edgeX CLUSDC	−0.0012%	4h	93.026	−0.037%	$530K	$301K	30x	as long as short
Lighter WTI	0.0000%	1h	93.023	−0.040%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.113	+0.057%	$8K	$3K	5x	as long as short
Bybit CLUSDTlong	0.0000%	8h	93.060	long leg	$26.7M	$80.3M	150x
RISEx CL/USDC	0.0000%	1h	93.088	+0.030%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.090	+0.032%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.017	−0.046%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.588	−0.507%	$5K	—	150x	as long as short
Paradex CL-USD-PERP	+0.0014%	8h	93.007	−0.056%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	93.070	+0.011%	$2.0M	$20.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.030	−0.032%	$735K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.040	−0.021%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.021	−0.042%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.012	−0.052%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	93.023	−0.040%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.040	−0.021%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.996	−0.069%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0185%	4h	93.030	−0.032%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0215% / S −0.0143%	1h	93.015	−0.048%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.25	+9.876%	$19K	$11K	30x	as long as short