Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0197%/8h= −21.6% APRpaid last 24h −0.025%

Price spread now: Binance against gTrade (Gains Network)+0.470%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Binance

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Binance is 0.470% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.470% now, against zero (this spread has no 7-day history yet)): +$47 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 8.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WTI/USD	92.893	L 0.0000% / S +0.0036%	pay 0.0000% / 1h	51m 54s	$5K	—	150x
Short	Binance CLUSDT	93.330	−0.0197	pay 0.0098% / 4h	2h 51m	$246.5M	$936.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now +0.470%Rate

Funding earned: −$41.39
Price spread: +0.470% → 0.000%: $47.04
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$12.34
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 7 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 7 min ago	0.54 bp	5.5 bp −$6	5.5 bp −$55	8.5 bp −$847	22.8 bp −$11.4K

gTrade (Gains Network): 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
Deribit WTIOIL_USDC-PERPETUAL	−0.0714%	1h	93.290	+0.427%	$197K	$372K	15x	as long as short
GRVT CL_USDT_Perp	−0.0340%	4h	93.316	+0.456%	$58K	$649K	25x	as long as short
Aster CLUSD1	−0.0294%	4h	93.360	+0.503%	$24.3M	$66.5M	20x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0204%	1h	93.343	+0.484%	$282K	$962K	25x	as long as short
Binance CLUSDTshort	−0.0197%	4h	93.330	+0.470%	$246.5M	$936.6M	100x
Variational Omni CL	−0.0180%	4h	93.309	+0.447%	$13.3M	$10.9M	—	as long as short
Ondo Perps WTI-USD.P	−0.0172%	1h	93.260	+0.395%	$3.5M	$5.3M	20x	as long as short
Aftermath Perps WTIUSD	−0.0137%	1h	93.325	+0.465%	$2K	$26K	5x	as long as short
Bitget CLUSDT	−0.0134%	4h	93.323	+0.463%	$42.1M	$43.1M	100x	as long as short
Nado WTI-PERP	−0.0129%	1h	93.411	+0.557%	$967K	$622K	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	−0.0082%	1h	93.332	+0.473%	$184.5M	$215.4M	20x	as long as short
edgeX CLUSDC	−0.0077%	4h	93.325	+0.465%	$525K	$305K	30x	as long as short
Gate CL_USDT	−0.0074%	8h	93.280	+0.417%	$21.6M	$49.1M	100x	as long as short
OKX CL-USDT-SWAP	−0.0068%	4h	93.340	+0.481%	$42.6M	$102.5M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	+0.287%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0032%	1h	93.320	+0.460%	$2.3M	$2.1M	10x	as long as short
Lighter WTI	−0.0016%	1h	93.322	+0.462%	$11.2M	$9.8M	20x	as long as short
Paradex CL-USD-PERP	−0.0012%	8h	93.333	+0.473%	$16K	$367	5x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	+0.470%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.344	+0.486%	$27.0M	$79.8M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.400	+0.545%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.370	+0.513%	$37K	$41K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.342	+0.483%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USDlong	L 0.0000% / S +0.0036%	1h	92.893	long leg	$5K	—	150x
Extended WTI-USD	+0.0024%	1h	93.360	+0.503%	$2.0M	$18.1M	10x	as long as short
KuCoin CLUSDTM	+0.0030%	4h	93.351	+0.493%	$7.1M	$2.4M	50x	as long as short
StandX CL-USD	+0.0040%	1h	93.320	+0.460%	$738K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.350	+0.492%	—	$313K	10x	as long as short
Pacifica CL	+0.0047%	1h	93.352	+0.494%	$331K	$576K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.343	+0.484%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.335	+0.476%	$2.1M	$60K	20x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.290	+0.427%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.303	+0.441%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0173%	4h	93.300	+0.438%	$4.0M	$985K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.57	+10.420%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0229% / S −0.0159%	1h	93.335	+0.476%	$82K	—	111x	as long as short