Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h 0.000%

Price spread now: Aftermath Perps against Gate−0.014%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CL_USDT	93.280	−0.0068	get 0.0068% / 8h	3h 12m	$21.4M	$51.5M	100x
Short	Aftermath Perps WTIUSD	93.267	−0.0132	pay 0.0017% / 1h	12m 08s	$2K	$27K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$13.49
Price spread: −0.014% → 0.000%: −$1.42
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$38.92
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Aftermath Perps: 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, 2 min ago	0.54 bp	9.9 bp −$10	13.9 bp −$139	24.2 bp −$2,418	30.7 bp −$15.3K
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: 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	−0.0393%	1h	93.310	+0.032%	$199K	$370K	15x	as long as short
GRVT CL_USDT_Perp	−0.0340%	4h	93.224	−0.060%	$58K	$656K	25x	as long as short
Aster CLUSD1	−0.0281%	4h	93.357	+0.083%	$24.3M	$65.9M	20x	as long as short
Binance CLUSDT	−0.0188%	4h	93.330	+0.054%	$246.5M	$939.9M	100x	as long as short
Variational Omni CL	−0.0172%	4h	93.189	−0.098%	$13.4M	$10.9M	—	as long as short
Aftermath Perps WTIUSDshort	−0.0132%	1h	93.267	−0.014%	$2K	$27K	5x
Bitget CLUSDT	−0.0132%	4h	93.335	+0.059%	$42.0M	$43.2M	100x	as long as short
Ondo Perps WTI-USD.P	−0.0130%	1h	93.260	−0.021%	$3.5M	$5.4M	20x	as long as short
Nado WTI-PERP	−0.0116%	1h	93.375	+0.102%	$966K	$629K	10x	as long as short
edgeX CLUSDC	−0.0072%	4h	93.225	−0.059%	$524K	$307K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate CL_USDTlong	−0.0068%	8h	93.280	long leg	$21.4M	$51.5M	100x
OKX CL-USDT-SWAP	−0.0064%	4h	93.330	+0.054%	$42.7M	$103.1M	50x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0061%	1h	93.354	+0.080%	$282K	$958K	25x	as long as short
tradeXYZ xyz:CL	−0.0058%	1h	93.335	+0.059%	$184.7M	$217.7M	20x	as long as short
Coinbase International WTIOIL-PERP-INTX	−0.0040%	1h	93.160	−0.129%	$403K	$929K	15x	as long as short
QFEX CL-USD	−0.0033%	1h	93.290	+0.011%	$2.3M	$2.0M	10x	as long as short
Paradex CL-USD-PERP	−0.0027%	8h	93.299	+0.020%	$16K	$367	5x	as long as short
Phoenix WTIOIL	−0.0009%	1h	93.310	+0.032%	$37K	$41K	20x	as long as short
Lighter WTI	0.0000%	1h	93.331	+0.055%	$11.2M	$10.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	93.329	+0.053%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	93.350	+0.075%	$27.0M	$80.5M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	93.366	+0.093%	$3.1M	$2.9M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	93.327	+0.050%	$19K	$241K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.884	−0.425%	$5K	—	150x	as long as short
KuCoin CLUSDTM	+0.0010%	4h	93.347	+0.072%	$7.1M	$2.4M	50x	as long as short
Extended WTI-USD	+0.0024%	1h	93.370	+0.096%	$2.0M	$18.5M	10x	as long as short
StandX CL-USD	+0.0040%	1h	93.180	−0.107%	$737K	$2.9M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	93.320	+0.043%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	93.320	+0.043%	$1.7M	$1.3M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	93.327	+0.050%	$2.1M	$60K	20x	as long as short
Pacifica CL	+0.0100%	1h	93.315	+0.037%	$331K	$579K	10x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	93.190	−0.096%	$54K	$267K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	93.285	+0.005%	$4K	—	10x	as long as short
BloFin CL-USDT	+0.0178%	4h	93.290	+0.011%	$4.0M	$997K	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.37	+9.746%	$19K	$11K	30x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0224% / S −0.0152%	1h	93.325	+0.048%	$81K	—	111x	as long as short