Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h +0.031%

Price spread now: KuCoin against gTrade (Gains Network)+0.476%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 KuCoin

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. KuCoin is 0.476% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +0.476% now, against zero (this spread has no 7-day history yet)): +$48 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) WTI/USD	92.460	L 0.0000% / S +0.0036%	pay 0.0000% / 1h	13m 13s	$5K	—	150x
Short	KuCoin CLUSDTM	92.900	−0.0024	pay 0.0012% / 4h	13m 13s	$7.1M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.476%Rate

Funding earned: −$5.07
Price spread: +0.476% → 0.000%: $47.59
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $22.51
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 5 min ago	1.99 bp	9.0 bp −$9	doesn't fit	doesn't fit	doesn't fit

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	−0.0611%	1h	92.850	+0.422%	$198K	$370K	15x	as long as short
Aster CLUSD1	−0.0265%	4h	92.900	+0.476%	$24.0M	$66.7M	20x	as long as short
GRVT CL_USDT_Perp	−0.0242%	4h	93.000	+0.584%	$64K	$648K	25x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0196%	1h	92.882	+0.457%	$272K	$874K	25x	as long as short
Binance CLUSDT	−0.0187%	4h	92.890	+0.465%	$244.2M	$948.6M	100x	as long as short
Variational Omni CL	−0.0176%	4h	93.029	+0.615%	$13.5M	$10.9M	—	as long as short
Bitget CLUSDT	−0.0122%	4h	92.877	+0.451%	$42.0M	$43.7M	100x	as long as short
tradeXYZ xyz:CL	−0.0111%	1h	92.881	+0.455%	$187.9M	$217.5M	20x	as long as short
Aftermath Perps WTIUSD	−0.0104%	1h	93.001	+0.586%	$2K	$26K	5x	as long as short
Ondo Perps WTI-USD.P	−0.0091%	1h	92.850	+0.422%	$3.5M	$5.4M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0076%	4h	93.007	+0.591%	$530K	$301K	30x	as long as short
OKX CL-USDT-SWAP	−0.0053%	4h	92.890	+0.465%	$42.4M	$102.7M	50x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0048%	1h	92.750	+0.314%	$402K	$944K	15x	as long as short
Gate CL_USDT	−0.0047%	8h	92.830	+0.400%	$20.8M	$52.1M	100x	as long as short
QFEX CL-USD	−0.0043%	1h	92.890	+0.465%	$2.4M	$1.7M	10x	as long as short
Nado WTI-PERP	−0.0027%	1h	92.958	+0.539%	$963K	$650K	10x	as long as short
KuCoin CLUSDTMshort	−0.0024%	4h	92.900	+0.476%	$7.1M	$2.4M	50x
Lighter WTI	0.0000%	1h	92.896	+0.472%	$11.2M	$10.6M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.937	+0.515%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.888	+0.463%	$26.6M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.963	+0.544%	$3.1M	$2.9M	20x	as long as short
Phoenix WTIOIL	0.0000%	1h	93.070	+0.660%	$37K	$42K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.895	+0.470%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USDlong	L 0.0000% / S +0.0036%	1h	92.460	long leg	$5K	—	150x
Paradex CL-USD-PERP	+0.0011%	8h	92.878	+0.452%	$16K	$367	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.930	+0.508%	$2.0M	$20.4M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.970	+0.552%	$734K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.930	+0.508%	—	$310K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.898	+0.474%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.886	+0.461%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0068%	1h	92.900	+0.476%	$330K	$622K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.030	+0.616%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.863	+0.435%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0187%	4h	92.940	+0.519%	$4.0M	$1.1M	50x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0216% / S −0.0143%	1h	92.885	+0.460%	$81K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.25	+10.589%	$19K	$11K	30x	as long as short