Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.021%

Price spread now: KuCoin against Extended−0.029%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days+0.083%+$8 · spread now −0.029%, 7d avg +0.047%

Together, before fees+0.093%+ Points / potential airdropExtended: Active · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.076% cheaper against Extended than usual: you would sell low and buy high (spread −0.029% now, against its 7-day average of +0.047%). If the spread goes back, that is −$8 on $10k: about 3.7 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.011% in total) that is about 49 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended WTI-USD	92.540	0.0032	pay 0.0004% / 1h	29m 22s	$2.3M	$26.9M	10x
Short	KuCoin CLUSDTM	92.513	0.0100	get 0.0050% / 4h	3h 29m	$7.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.029%Rate

Funding earned: $14.28
Price spread: −0.029% → +0.047%: −$7.59
Slippage, 4 orders: −$8.11
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$18.42
Costs to cover: 0.251%
Break-even: 16.0 days

Slippage from Extended: live order book, 5 min ago; KuCoin: live order book, 4 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	3.7 bp −$4	7.3 bp −$73	21.4 bp −$2,140	doesn't fit
Sell KuCoin live order book, 4 min ago	1.24 bp	10.3 bp −$10	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
GRVT CL_USDT_Perp	−0.0346%	4h	92.450	−0.097%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0330%	4h	92.506	−0.037%	$24.0M	$79.6M	20x	as long as short
Binance CLUSDT	−0.0268%	4h	92.490	−0.054%	$245.1M	$1.07B	100x	as long as short
Variational Omni CL	−0.0260%	4h	92.441	−0.107%	$13.1M	$12.3M	—	as long as short
Gate CL_USDT	−0.0222%	8h	92.420	−0.130%	$21.3M	$55.0M	100x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.490	−0.054%	$274K	$1.1M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0074%	1h	92.480	−0.065%	$96K	$189K	15x	as long as short
Nado WTI-PERP	−0.0074%	1h	92.543	+0.003%	$933K	$732K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0050%	1h	92.410	−0.140%	$3.5M	$6.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	−0.551%	$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	92.480	−0.065%	$2.4M	$2.1M	10x	as long as short
tradeXYZ xyz:CL	−0.0023%	1h	92.487	−0.057%	$186.6M	$257.1M	20x	as long as short
Paradex CL-USD-PERP	−0.0011%	8h	92.473	−0.072%	$15K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	92.483	−0.061%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.500	−0.043%	$26.3M	$92.7M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.470	−0.076%	$43.0M	$111.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.622	+0.088%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.498	−0.045%	$42.1M	$50.9M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.490	−0.054%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.487	−0.057%	$19K	$242K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.046	−0.534%	$5K	—	150x	as long as short
Lighter WTI	+0.0008%	1h	92.494	−0.050%	$11.2M	$10.1M	20x	as long as short
edgeX CLUSDC	+0.0027%	4h	92.462	−0.084%	$532K	$300K	30x	as long as short
Extended WTI-USDlong	+0.0032%	1h	92.540	long leg	$2.3M	$26.9M	10x
StandX CL-USD	+0.0040%	1h	92.380	−0.173%	$723K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.510	−0.032%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.499	−0.044%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.468	−0.078%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.493	−0.051%	$356K	$603K	10x	as long as short
KuCoin CLUSDTMshort	+0.0100%	4h	92.513	−0.029%	$7.3M	$2.3M	50x
ApeX Omni CLUSDT	+0.0100%	1h	92.550	+0.011%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.430	−0.118%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.485	−0.059%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.56	+9.743%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.450	−0.097%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0260%	1h	92.481	−0.064%	$2K	$28K	5x	as long as short