Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0122%/8h= +13.4% APRpaid last 24h +0.065%

Price spread now: Aevo against Gate+0.037%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aevo is 0.037% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	91.930	−0.0018	get 0.0018% / 8h	54m 17s	$21.3M	$57.4M	100x
Short	Aevo WTIOIL-PERP	91.964	0.0104	get 0.0013% / 1h	54m 17s	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now +0.037%Rate

Funding earned: $25.62
Price spread: +0.037% → 0.000%: $3.67
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$1.71
Costs to cover: 0.310%
Break-even: 7.5 days

Slippage unknown: Gate: live order book, 5 min ago; Aevo: no order-book sample. 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 Gate live order book, 5 min ago	0.54 bp	9.7 bp −$10	13.4 bp −$134	29.8 bp −$2,975	38.9 bp −$19.5K
Sell Aevo no order-book sample	—	—	—	—	—

Aevo: 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
Kraken Futures PF_WTIOILUSD	−0.0451%	1h	92.013	+0.090%	$275K	$1.2M	25x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	−0.0293%	1h	92.000	+0.076%	$95K	$189K	15x	as long as short
GRVT CL_USDT_Perp	−0.0258%	4h	92.068	+0.150%	$58K	$715K	25x	as long as short
Aster CLUSD1	−0.0193%	4h	92.000	+0.076%	$24.0M	$77.6M	20x	as long as short
Lighter WTI	−0.0160%	1h	91.988	+0.063%	$11.1M	$10.9M	20x	as long as short
Nado WTI-PERP	−0.0157%	1h	92.097	+0.182%	$923K	$746K	10x	as long as short
Ondo Perps WTI-USD.P	−0.0122%	1h	91.970	+0.044%	$3.5M	$6.4M	20x	as long as short
Binance CLUSDT	−0.0100%	4h	91.990	+0.065%	$244.4M	$1.11B	100x	as long as short
Paradex CL-USD-PERP	−0.0099%	8h	92.007	+0.084%	$15K	$367	5x	as long as short
tradeXYZ xyz:CL	−0.0098%	1h	92.009	+0.086%	$185.5M	$275.6M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni CL	−0.0071%	4h	92.063	+0.144%	$13.4M	$13.3M	—	as long as short
Bullet WTIOIL-USD	−0.0067%	1h	91.983	+0.058%	$19K	$241K	10x	as long as short
QFEX CL-USD	−0.0054%	1h	91.980	+0.054%	$2.4M	$2.6M	10x	as long as short
Pacifica CL	−0.0020%	1h	92.040	+0.120%	$332K	$578K	10x	as long as short
Gate CL_USDTlong	−0.0018%	8h	91.930	long leg	$21.3M	$57.4M	100x
dYdX WTI-USD	0.0000%	1h	92.108	+0.193%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.010	+0.087%	$25.5M	$95.0M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	91.980	+0.054%	$43.0M	$113.2M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.114	+0.200%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	91.992	+0.067%	$41.9M	$52.3M	100x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	+0.109%	$399K	$998K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.573	−0.388%	$4K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.160	+0.250%	$37K	$101K	20x	as long as short
Aftermath Perps WTIUSD	+0.0019%	1h	92.027	+0.105%	$2K	$29K	5x	as long as short
Extended WTI-USD	+0.0032%	1h	92.040	+0.120%	$2.0M	$27.6M	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0038%	1h	91.988	+0.063%	$1.6M	$1.4M	20x	as long as short
StandX CL-USD	+0.0040%	1h	92.050	+0.131%	$724K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.070	+0.152%	—	$308K	10x	as long as short
SoDEX CL-USD	+0.0050%	1h	91.985	+0.060%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0081%	4h	92.109	+0.195%	$530K	$334K	30x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.006	+0.083%	$7.2M	$2.0M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.150	+0.239%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERPshort	+0.0104%	1h	91.964	+0.037%	$4K	—	10x
GMX WTIOIL/USD [ETH-USDC]	L +0.0203% / S −0.0127%	1h	91.985	+0.060%	$76K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.28	+10.165%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.080	+0.163%	$4.0M	$1.4M	50x	as long as short