Settings8H · net · $10k
Funding arb · Price arb /

CL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.016%
Price spread now: SoDEX against gTrade (Gains Network)+0.472%66s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and SoDEX is 0.472% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$47 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) WTI/USD93.125L 0.0000% / S +0.0036%pay 0.0000% / 1h20m 16s$5K150x
ShortSoDEX CL-USD93.5650.0050get 0.0006% / 1h20m 16s$2.1M$60K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$10.47
Price spread: +0.472% → 0.000%
$47.25
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 4 bp × 2 orders
−$8
Fee SoDEX: 4 bp × 2 orders
−$8
Net
$41.71
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; SoDEX: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell SoDEX live order book, 4 min ago1.01 bp19.2 bp −$1997.7 bp −$977doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit WTIOIL_USDC-PERPETUAL−0.0605%1h93.540+0.446%$196K$384K15xas long as short
Aster CLUSD1−0.0279%4h93.615+0.526%$24.6M$65.6M20xas long as short
GRVT CL_USDT_Perp−0.0266%4h93.631+0.543%$58K$618K25xas long as short
Binance CLUSDT−0.0151%4h93.576+0.484%$246.9M$916.4M100xas long as short
Variational Omni CL−0.0139%4h93.559+0.466%$13.5M$10.6Mas long as short
Aftermath Perps WTIUSD−0.0138%1h93.638+0.551%$2K$26K5xas long as short
Kraken Futures PF_WTIOILUSD−0.0137%1h93.583+0.492%$282K$962K25xas long as short
Ondo Perps WTI-USD.P−0.0129%1h93.570+0.478%$3.5M$5.3M20xas long as short
Gate CL_USDT−0.0113%8h93.490+0.392%$22.5M$49.6M100xas long as short
Bitget CLUSDT−0.0110%4h93.555+0.462%$42.3M$42.0M100xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
tradeXYZ xyz:CL−0.0081%1h93.562+0.469%$184.9M$205.1M20xas long as short
Nado WTI-PERP−0.0057%1h93.631+0.544%$965K$620K10xas long as short
OKX CL-USDT-SWAP−0.0029%4h93.550+0.456%$42.9M$101.8M50xas long as short
QFEX CL-USD−0.0023%1h93.580+0.489%$2.3M$2.4M10xas long as short
edgeX CLUSDC−0.0009%4h93.644+0.557%$526K$306K30xas long as short
Coinbase International WTIOIL-PERP-INTX−0.0008%1h93.500+0.403%$404K$916K15xas long as short
dYdX WTI-USD0.0000%1h93.649+0.562%$8K$3K5xas long as short
Bybit CLUSDT0.0000%8h93.570+0.478%$26.8M$79.1M150xas long as short
RISEx CL/USDC0.0000%1h93.605+0.515%$3.1M$2.9M20xas long as short
Phoenix WTIOIL0.0000%1h93.730+0.650%$37K$39K20xas long as short
Bullet WTIOIL-USD0.0000%1h93.568+0.476%$19K$239K10xas long as short
gTrade (Gains Network) WTI/USDlongL 0.0000% / S +0.0036%1h93.125long leg$5K150x
Lighter WTI+0.0016%1h93.586+0.495%$11.3M$9.6M20xas long as short
Paradex CL-USD-PERP+0.0018%8h93.572+0.480%$16K$3675xas long as short
Extended WTI-USD+0.0032%1h93.610+0.521%$2.0M$15.5M10xas long as short
StandX CL-USD+0.0040%1h93.660+0.574%$742K$2.8M40xas long as short
Vest CL-PERP+0.0046%1h93.590+0.499%$313K10xas long as short
Polymarket Perps WTIOIL-USD+0.0050%1h93.578+0.486%$1.7M$1.3M20xas long as short
SoDEX CL-USDshort+0.0050%1h93.565+0.472%$2.1M$60K20x
Pacifica CL+0.0100%1h93.575+0.483%$333K$574K10xas long as short
KuCoin CLUSDTM+0.0100%4h93.594+0.504%$7.1M$2.4M50xas long as short
ApeX Omni CLUSDT+0.0100%1h93.650+0.564%$54K$266K50xas long as short
Aevo WTIOIL-PERP+0.0104%1h93.542+0.448%$4K10xas long as short
BloFin CL-USDT+0.0217%4h93.590+0.499%$4.0M$970K50xas long as short
Injective WTI/USDC PERP+0.0220%1h102.97+10.575%$19K$11K30xas long as short
GMX WTIOIL/USD [ETH-USDC]L +0.0247% / S −0.0181%1h93.575+0.483%$84K111xas long as short