Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h −0.033%

Price spread now: Gate against dYdX−0.140%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (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 Gate is 0.140% cheaper against dYdX than usual: you would sell low and buy high (−$14 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	dYdX WTI-USD	92.269	0	get 0.0000% / 1h	1m 37s	$8K	$3K	5x
Short	Gate CL_USDT	92.140	−0.0035	pay 0.0035% / 8h	1m 37s	$21.3M	$58.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against dYdX. 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 dYdXbpFee GatebpOrdersPrice spread, now −0.140%Rate

Funding earned: −$7.35
Price spread: −0.140% → 0.000%: −$13.97
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$46.32
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Gate: live order book, 2 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Gate live order book, 2 min ago	0.54 bp	8.9 bp −$9	12.7 bp −$127	28.2 bp −$2,817	36.1 bp −$18.1K

dYdX: 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
Kraken Futures PF_WTIOILUSD	−0.0449%	1h	92.265	−0.004%	$273K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0322%	4h	92.225	−0.048%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0295%	4h	92.230	−0.042%	$23.9M	$77.5M	20x	as long as short
Binance CLUSDT	−0.0219%	4h	92.204	−0.071%	$244.4M	$1.09B	100x	as long as short
Variational Omni CL	−0.0196%	4h	92.223	−0.050%	$13.2M	$12.7M	—	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0183%	1h	92.250	−0.020%	$96K	$189K	15x	as long as short
Nado WTI-PERP	−0.0130%	1h	92.317	+0.052%	$925K	$734K	10x	as long as short
Lighter WTI	−0.0064%	1h	92.203	−0.071%	$11.2M	$10.9M	20x	as long as short
QFEX CL-USD	−0.0054%	1h	92.240	−0.031%	$2.4M	$2.3M	10x	as long as short
Ondo Perps WTI-USD.P	−0.0050%	1h	92.180	−0.096%	$3.5M	$6.4M	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	−0.0035%	8h	92.140	−0.140%	$21.3M	$58.1M	100x
Paradex CL-USD-PERP	−0.0032%	8h	92.186	−0.090%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	−0.0032%	1h	92.236	−0.036%	$186.1M	$267.2M	20x	as long as short
Pacifica CL	−0.0020%	1h	92.212	−0.061%	$333K	$576K	10x	as long as short
dYdX WTI-USDlong	0.0000%	1h	92.269	long leg	$8K	$3K	5x
Bybit CLUSDT	0.0000%	8h	92.200	−0.075%	$26.0M	$94.4M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.210	−0.064%	$42.9M	$111.5M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.329	+0.065%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.192	−0.083%	$42.0M	$51.4M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.290	+0.023%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.246	−0.025%	$19K	$241K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.259%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.819	−0.488%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.250	−0.020%	$2.0M	$26.8M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.230	−0.042%	$721K	$3.1M	40x	as long as short
edgeX CLUSDC	+0.0042%	4h	92.272	+0.004%	$531K	$325K	30x	as long as short
Vest CL-PERP	+0.0046%	1h	92.290	+0.023%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.258	−0.012%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.237	−0.035%	$2.0M	$39K	20x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.230	−0.042%	$7.3M	$2.2M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.220	−0.053%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.221	−0.052%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.245	−0.026%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.34	+9.827%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.230	−0.042%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0480%	1h	92.256	−0.014%	$2K	$29K	5x	as long as short