Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0257%/8h= −28.1% APRpaid last 24h −0.030%

Price spread now: Gate against Extended−0.119%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

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

costs, in and out, $10k−$260.263% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.430%−$43 on $10k

Price spread, last 7 days−0.001%$0 · spread now −0.119%, 7d avg −0.038%

Together, before fees−0.431%+ Points / potential airdropExtended: Active · farm board−$43 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.081% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WTI-USD	92.440	0.0032	pay 0.0004% / 1h	39m 09s	$2.3M	$27.2M	10x
Short	Gate CL_USDT	92.330	−0.0225	pay 0.0225% / 8h	7h 39m	$21.3M	$54.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now −0.119%Rate

Funding earned: −$53.97
Price spread: −0.119% → −0.038%: −$8.1
Slippage, 4 orders: −$6.27
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$88.34
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Gate: live order book, 5 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 Extended live order book, 5 min ago	0.05 bp	3.5 bp −$4	8.1 bp −$81	24.0 bp −$2,403	doesn't fit
Sell Gate live order book, 5 min ago	0.54 bp	10.0 bp −$10	14.0 bp −$140	26.8 bp −$2,681	33.7 bp −$16.8K

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
GRVT CL_USDT_Perp	−0.0378%	4h	92.289	−0.163%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0323%	4h	92.426	−0.016%	$24.0M	$81.3M	20x	as long as short
Binance CLUSDT	−0.0259%	4h	92.410	−0.032%	$245.0M	$1.08B	100x	as long as short
Variational Omni CL	−0.0247%	4h	92.351	−0.097%	$13.2M	$12.1M	—	as long as short
Gate CL_USDTshort	−0.0225%	8h	92.330	−0.119%	$21.3M	$54.7M	100x
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.438	−0.002%	$274K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0094%	1h	92.452	+0.013%	$927K	$731K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0075%	1h	92.410	−0.032%	$96K	$189K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0055%	1h	92.360	−0.087%	$3.5M	$6.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.444%	$399K	$960K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0040%	1h	92.380	−0.065%	$2.4M	$2.2M	10x	as long as short
tradeXYZ xyz:CL	−0.0030%	1h	92.415	−0.027%	$186.5M	$256.5M	20x	as long as short
Paradex CL-USD-PERP	−0.0022%	8h	92.377	−0.068%	$15K	$367	5x	as long as short
Lighter WTI	0.0000%	1h	92.406	−0.037%	$11.2M	$10.0M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.403	−0.040%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.420	−0.022%	$26.1M	$93.2M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.390	−0.054%	$42.8M	$111.4M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.523	+0.090%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.406	−0.037%	$42.1M	$51.1M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.380	−0.065%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.403	−0.040%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.955	−0.525%	$5K	—	150x	as long as short
edgeX CLUSDC	+0.0032%	4h	92.370	−0.075%	$531K	$299K	30x	as long as short
Extended WTI-USDlong	+0.0032%	1h	92.440	long leg	$2.3M	$27.2M	10x
StandX CL-USD	+0.0040%	1h	92.350	−0.097%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.430	−0.011%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.413	−0.029%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.402	−0.041%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.400	−0.044%	$354K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.424	−0.017%	$7.2M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.380	−0.065%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.364	−0.082%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.405	−0.038%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.38	+9.673%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.360	−0.087%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0328%	1h	92.343	−0.104%	$2K	$28K	5x	as long as short