Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: KuCoin against dYdX−0.062%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 KuCoin

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

Funding pays, the price is against you. KuCoin is 0.062% cheaper against dYdX than usual: you would sell low and buy high (spread −0.062% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX WTI-USD	92.274	0	get 0.0000% / 1h	18m 18s	$8K	$3K	5x
Short	KuCoin CLUSDTM	92.217	0.0100	get 0.0050% / 4h	18m 18s	$7.1M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.062%Rate

Funding earned: $21
Price spread: −0.062% → 0.000%: −$6.2
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$7.2
Costs to cover: 0.220%
Break-even: 9.4 days

Slippage unknown: dYdX: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	1.46 bp	10.3 bp −$10	doesn't fit	doesn't fit	doesn't fit

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	92.245	−0.031%	$274K	$1.2M	25x	as long as short
GRVT CL_USDT_Perp	−0.0316%	4h	92.191	−0.090%	$58K	$702K	25x	as long as short
Aster CLUSD1	−0.0267%	4h	92.214	−0.065%	$24.0M	$77.6M	20x	as long as short
Binance CLUSDT	−0.0186%	4h	92.203	−0.077%	$244.5M	$1.09B	100x	as long as short
Variational Omni CL	−0.0168%	4h	92.173	−0.110%	$13.3M	$12.7M	—	as long as short
Nado WTI-PERP	−0.0135%	1h	92.253	−0.023%	$925K	$737K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0075%	1h	92.210	−0.070%	$96K	$189K	15x	as long as short
Lighter WTI	−0.0072%	1h	92.186	−0.096%	$11.2M	$10.9M	20x	as long as short
Paradex CL-USD-PERP	−0.0057%	8h	92.183	−0.098%	$15K	$367	5x	as long as short
QFEX CL-USD	−0.0054%	1h	92.210	−0.070%	$2.4M	$2.3M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:CL	−0.0049%	1h	92.208	−0.072%	$186.4M	$275.1M	20x	as long as short
Ondo Perps WTI-USD.P	−0.0041%	1h	92.160	−0.124%	$3.5M	$6.3M	20x	as long as short
Gate CL_USDT	−0.0032%	8h	92.130	−0.156%	$21.3M	$58.0M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.208	−0.071%	$333K	$576K	10x	as long as short
dYdX WTI-USDlong	0.0000%	1h	92.274	long leg	$8K	$3K	5x
Bybit CLUSDT	0.0000%	8h	92.212	−0.067%	$25.9M	$94.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.200	−0.080%	$43.0M	$112.8M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.331	+0.062%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.184	−0.098%	$42.0M	$51.6M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.230	−0.048%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.205	−0.075%	$19K	$241K	10x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.265%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.757	−0.560%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.235	−0.042%	$2.0M	$26.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.200	−0.080%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.240	−0.037%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.208	−0.072%	$1.6M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.198	−0.083%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0062%	4h	92.213	−0.066%	$530K	$325K	30x	as long as short
KuCoin CLUSDTMshort	+0.0100%	4h	92.217	−0.062%	$7.1M	$2.1M	50x
ApeX Omni CLUSDT	+0.0100%	1h	92.190	−0.091%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.189	−0.092%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.205	−0.075%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.18	+9.653%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.220	−0.059%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0332%	1h	92.201	−0.080%	$2K	$29K	5x	as long as short