Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h −0.019%

Price spread now: Gate against gTrade (Gains Network)+0.416%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 Gate

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. Gate is 0.416% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.416% now, against zero (this spread has no 7-day history yet)): +$42 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WTI/USD	92.017	L 0.0000% / S +0.0036%	pay 0.0000% / 1h	37m 35s	$5K	—	150x
Short	Gate CL_USDT	92.400	−0.0228	pay 0.0228% / 8h	7h 37m	$21.3M	$54.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.416%Rate

Funding earned: −$47.91
Price spread: +0.416% → 0.000%: $41.62
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$29.29
Costs to cover: 0.230%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	0.54 bp	9.6 bp −$10	13.2 bp −$132	25.5 bp −$2,546	31.0 bp −$15.5K

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
GRVT CL_USDT_Perp	−0.0378%	4h	92.289	+0.296%	$58K	$693K	25x	as long as short
Aster CLUSD1	−0.0323%	4h	92.482	+0.505%	$24.0M	$81.6M	20x	as long as short
Binance CLUSDT	−0.0261%	4h	92.480	+0.503%	$245.1M	$1.08B	100x	as long as short
Variational Omni CL	−0.0247%	4h	92.351	+0.363%	$13.2M	$12.1M	—	as long as short
Gate CL_USDTshort	−0.0228%	8h	92.400	+0.416%	$21.3M	$54.7M	100x
Kraken Futures PF_WTIOILUSD	−0.0120%	1h	92.478	+0.501%	$274K	$1.1M	25x	as long as short
Nado WTI-PERP	−0.0094%	1h	92.478	+0.501%	$932K	$734K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0074%	1h	92.470	+0.492%	$96K	$189K	15x	as long as short
Ondo Perps WTI-USD.P	−0.0054%	1h	92.440	+0.460%	$3.5M	$6.2M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	92.030	+0.014%	$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	92.440	+0.460%	$2.4M	$2.2M	10x	as long as short
tradeXYZ xyz:CL	−0.0027%	1h	92.482	+0.505%	$186.6M	$256.5M	20x	as long as short
Paradex CL-USD-PERP	−0.0019%	8h	92.457	+0.478%	$15K	$367	5x	as long as short
Lighter WTI	0.0000%	1h	92.477	+0.500%	$11.2M	$10.0M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.483	+0.507%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.490	+0.514%	$26.1M	$93.1M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.450	+0.471%	$42.9M	$111.3M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.600	+0.634%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.475	+0.498%	$42.1M	$51.0M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.380	+0.394%	$37K	$66K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.462	+0.483%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USDlong	L 0.0000% / S +0.0036%	1h	92.017	long leg	$5K	—	150x
edgeX CLUSDC	+0.0032%	4h	92.370	+0.384%	$531K	$299K	30x	as long as short
Extended WTI-USD	+0.0032%	1h	92.510	+0.536%	$2.3M	$27.3M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.370	+0.384%	$722K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.460	+0.481%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.452	+0.473%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.452	+0.473%	$2.0M	$39K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.479	+0.502%	$354K	$596K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.500	+0.525%	$7.2M	$2.3M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.380	+0.394%	$56K	$265K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.420	+0.438%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0206% / S −0.0131%	1h	92.465	+0.487%	$78K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.38	+10.177%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.360	+0.373%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0328%	1h	92.366	+0.379%	$2K	$28K	5x	as long as short